Yields on loans - B6

Released
06 November 2018 03:00 p.m.
Next release
07 December 2018 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Monthly
Housing lending Business lending
Date Yield on residential mortgage loans (Total)1 Yield on residential mortgage loans (Floating)2 Yield on residential mortgage loans (Fixed)3 Yield on total business loans4
Previous years:
Sep 2016 .. .. .. ..
Sep 2017 4.71 5.27 4.56 4.62
Monthly:
Oct 2017 4.72 5.29 4.57 4.61
Nov 2017 4.71 5.25 4.57 4.59
Dec 2017 4.72 5.20 4.60 4.57
Jan 2018 4.70 5.17 4.57 4.57
Feb 2018 4.70 5.18 4.57 4.59
Mar 2018 4.71 5.20 4.58 4.61
Apr 2018 4.68 5.19 4.54 4.65
May 2018 4.68 5.17 4.56 4.67
Jun 2018 4.65 5.13 4.53 4.67
Jul 2018 4.67 5.18 4.54 4.68
Aug 2018 4.65 5.15 4.53 4.62
Sep 2018 4.64 5.17 4.52 4.60
  1. The monthly yield on residential mortgage loans (Total) is a weighted average yield on the total of all types of loans (floating and fixed) for registered banks fully secured on residential property.
  2. The monthly yield on residential mortgage loans (Floating) is a weighted average yield on the total of all floating rate loans for registered banks fully secured on residential property.
  3. The monthly yield on residential mortgage loans (Fixed) is a weighted average yield on the total of all fixed rate loans for registered banks fully secured on residential property.
  4. The monthly yield on total business loans is a weighted average yield on the total of all business loans for registered banks (not fully secured by residential property).

Coverage, Periodicity, and Timeliness of Data

Coverage

Yields on loans at the end of month for registered banks.

Periodicity

Monthly

Timeliness

Data is published approximately five weeks after the end of the reference month.

Access by the public

Data Release

Data is released on the Reserve Bank’s website.

Statistics release calendar

The Statistics Release Calendar provides a long-term plan of scheduled releases. It is updated and released on the first working day of the month.

Integrity

Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses

Data are collected under Section 36 of The Reserve Bank of New Zealand Act 1989 (The Act).

The Reserve Bank of New Zealand publishes only aggregated data. Individual institutional data is confidential.

Provision of information about revisions and advance notice of major changes in methodology

Revisions are generally published when the table is next due to be updated and released. Should revisions need to be made more promptly, a note is posted on the website as a special note.

Any major changes in methodology are posted on the website as a special note.

Quality

Dissemination of documentation on methodology and sources used in preparing statistics

A copy of the Income Statement survey template and definitions is available here.

Dissemination of statistics that support statistical cross-check and provide assurance of reasonableness

Interest.co.nz publishes mortgage interest rates for a range of terms.

Yield on residential mortgage loans (Total)

The monthly yield on residential mortgage loans (Total) is a weighted average yield on the total of all types of loans (floating and fixed) for registered banks fully secured on residential property. It is calculated using the sum of each bank’s interest income received for both floating and fixed residential mortgage loans compared to the sum of a two period moving average of the value of these loans. Using a two period moving average for the value of loans takes into account that not all loans at the end of the reporting period would have contributed to the interest income over the reported month.

The yield takes into account the number of days within each month and is annualised. Each yield is calculated as follows:

The sum of each bank’s interest income received on loans

X

365

X

100

The sum of a two period moving average of the value of loans

number of days in a month

 

Yield on residential mortgage loans (Floating)

The monthly yield on residential mortgage loans (Floating) is a weighted average yield on the total of all floating rate loans for registered banks fully secured on residential property.

It is calculated using the sum of each bank’s interest income received for floating residential mortgage loans compared to the sum of a two period moving average of the value of these loans. Using a two period moving average for the value of loans takes into account that not all loans at the end of the reporting period would have contributed to the interest income over the reported month.

The yield takes into account the number of days within each month and is annualised.

See Yield on residential mortgage loans (Total) above for the calculation formula.

Yield on residential mortgage loans (Fixed)

The monthly yield on residential mortgage loans (Fixed) is a weighted average yield on the total of all fixed rate loans for registered banks fully secured on residential property.

It is calculated using the sum of each bank’s interest income received for fixed residential mortgage loans compared to the sum of a two period moving average of the value of these loans. Using a two period moving average for the value of loans takes into account that not all loans at the end of the reporting period would have contributed to the interest income over the reported month.

The yield takes into account the number of days within each month and is annualised.

See Yield on residential mortgage loans (Total) above for the calculation formula.

Yield on total business loans

The monthly yield on total business loans is a weighted average yield on the total of all business loans for registered banks (not fully secured by residential property).

It is calculated using the sum of each bank’s interest income received for total business loans compared to the sum of a two period moving average of the value of these loans. Using a two period moving average for the value of loans takes into account that not all loans at the end of the reporting period would have contributed to the interest income over the reported month.

The yield takes into account the number of days within each month and is annualised.

See Yield on residential mortgage loans (Total) above for the calculation formula.

Symbols and conventions for summary table

0 Zero or value rounded to zero
- Not applicable
.. Not available
bold Revised/new
italics Provisional
light red background Historical

General notes

  • Individual figures may not sum to the totals due to rounding
  • Percentage changes are calculated on unrounded numbers
  • You are free to copy, distribute and adapt these statistics subject to the conditions listed on our copyright page.