Sector lending (registered banks and non-bank lending institutions) - C5

20 December 2019 03:00 p.m.
Next release
31 January 2020 03:00 p.m.
Reserve Bank of New Zealand
Previous years: Monthly:
Nov 2017 Nov 2018 Jul 2019 Aug 2019 Sep 2019 Oct 2019 Nov 2019
Housing ($m)
Total 242,569 257,499 268,376 270,117 271,514 273,075 274,963
Registered banks1 240,481 254,928 265,486 267,197 268,570 270,094 271,921
Non-bank lending institutions2 2,088 2,571 2,890 2,920 2,944 2,981 3,041
Personal consumer ($m)
Total 16,234 16,830 16,607 16,638 16,632 16,582 16,734
Registered banks 11,105 11,329 10,961 10,982 11,012 10,961 11,075
Non-bank lending institutions2 5,129 5,501 5,646 5,656 5,620 5,621 5,659
Housing and personal consumer ($m)
Total 258,803 274,329 284,983 286,755 288,147 289,658 291,696
Registered banks 251,586 266,257 276,447 278,179 279,583 281,056 282,996
Non-bank lending institutions 7,217 8,072 8,536 8,576 8,564 8,602 8,700
Business ($m)
Total 108,352 113,177 117,611 117,794 118,357 120,038 120,577
Registered banks 103,756 108,521 112,806 112,979 113,356 115,099 115,592
Non-bank lending institutions2 4,597 4,656 4,804 4,815 5,001 4,940 4,985
Agriculture ($m)
Total 60,631 62,474 63,866 63,767 63,674 63,442 63,531
Annual growth rate (%)
Housing3 6.2 6.2 6.3 6.4 6.5 6.7 6.8
Personal consumer3 7.8 3.7 0.3 0.3 0.1 -0.3 -0.3
Housing and personal consumer3 6.3 6.0 5.9 6.0 6.2 6.2 6.3
Business3 7.5 4.5 7.7 6.6 6.1 6.1 6.1
Agriculture3 2.1 3.0 2.8 2.5 2.4 1.9 1.4
  1. Loans fully secured on residential property for business use are included under business or agriculture loans.
  2. A list of series breaks for Household Funding and Sector Lending are available in the background notes.
  3. Annual growth rates have been break-adjusted, reflecting the underlying market change.

The data: coverage, periodicity, and timeliness


Lending by registered banks and non-bank lending institutions (NBLIs) for the following purposes:

  • Housing
  • Personal consumer
  • Business
  • Agriculture

Data is sourced from the Reserve Bank’s Bank Balance Sheet Survey and Non-bank Standard Statistical Return.

The Bank Balance Sheet Survey started in 31/12/2016. Data prior to 31/12/2016 has been estimated from the Bank Standard Statistical Return (SSR).

Data is reported at market values, where applicable, as at the end of the reporting period.

Data covers assets and liabilities denominated in both NZ dollars and foreign currency. Assets and liabilities denominated in foreign currency are converted into New Zealand dollars in accordance with NZ GAAP.

Further breakdown of lending by registered banks can be found in table S31 - Loans by purpose

Non bank sector lending can also be found in table T4- Funding and claims by sector. Note that data for this table is published quarterly. 

Periodicity and Timeliness

Data is published on the last working day of the month.

Access by the public

Data Release

Data is released on the Reserve Bank’s Statistics section.

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.

View the Statistics Release Calendar.


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

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

Read the Reserve Bank of New Zealand Act 1989.

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.


Dissemination of documentation on methodology and sources used in preparing statistics

See the Survey template and definitions.

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

Disclosure statements published by registered banks offer checks for reasonableness.

Series breaks

Series breaks occur when data are affected by survey changes that are not 'organic' but arise from one period to another because of factors such as the introduction of a new bank to the survey; a bank relinquishing its registration; the sale of assets; merger with another institution or a change in substance in business practice that interrupts a 'like for like' time series.

The sector lending annual growth rates have are adjusted for series breaks.

Series breaks for key balance sheet components for registered banks and non-bank lending institutions (NBLIs) (PDF 21KB) are displayed for these tables.

Registered banks and non-bank lending institutions

Registered banks

Consolidated banking group of banks operating in New Zealand and registered by the Reserve Bank of New Zealand.

Non-bank lending institutions (NBLIs)

NBLIs are financial institutions with total assets of $5m or more at the consolidated group level, whose principal business is credit provision and borrowing money from the public and/or other sources.

Loan purpose


Housing comprises:

  • Owner occupier property use
  • Residential investor property use

Personal consumer loans

Personal or consumer loans which are not fully secured on residential property including overdrafts, credit cards, and term loans.

Business loans

Business loans comprise:

  • Loans (for business use) to non-financial businesses which are fully secured by residential mortgage.
  • Loans to non-financial businesses which not fully secured by residential mortgage

Excludes agriculture loans.

Agriculture loans

Business loans to the for agriculture purposes (ANZSIC06) including:

  • Dairy farming
  • Sheep, beef cattle and grain farming
  • Horticulture
  • Other agriculture on farm

Does not include any loans to the agriculture industry for residential investor property use.

Series break in Business and Agriculture lending

20 December 2019

In November 2019, a registered bank reclassified Financial Institution loans into Business and Agriculture loans. The reclassification values were an increase of $417m for Business loans and an increase of $208m for Agriculture loans. This has resulted in a break in the business and agriculture series and the growth rates have been adjusted for this break.

A list of series breaks is available for this table.

If you have any questions please contact

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.