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

31 July 2017 03:00 p.m.
Next release
31 August 2017 03:00 p.m.
Reserve Bank of New Zealand
Previous years: Monthly:
Jun 2015 Jun 2016 Feb 2017 Mar 2017 Apr 2017 May 2017 Jun 2017
Housing ($m)
Total 203,057 220,841 232,889 234,223 235,179 236,474 237,792
Registered banks1 201,471 219,321 231,166 232,396 233,349 234,641 235,835
Non-bank lending institutions2 1,586 1,520 1,723 1,828 1,829 1,832 1,957
Personal consumer ($m)
Total 14,213 14,457 15,210 15,190 15,303 15,306 15,391
Registered banks3 9,966 10,099 10,579 10,496 10,635 10,623 10,667
Non-bank lending institutions2 4,247 4,358 4,631 4,694 4,668 4,683 4,724
Housing and personal consumer ($m)
Total 217,270 235,298 248,099 249,413 250,482 251,780 253,183
Registered banks 211,437 229,420 241,745 242,892 243,985 245,264 246,501
Non-bank lending institutions 5,833 5,878 6,354 6,522 6,497 6,515 6,682
Business ($m)
Total 91,781 98,416 102,556 103,340 104,432 104,547 104,564
Registered banks3 86,987 93,812 98,094 98,862 99,903 100,017 99,901
Non-bank lending institutions2 4,794 4,604 4,463 4,479 4,529 4,531 4,663
Agriculture ($m)
Total 55,173 58,495 59,301 59,189 59,246 59,532 60,014
Annual growth rate (%)
Housing4 5.4 8.8 9.0 8.9 8.4 8.0 7.7
Personal consumer4 5.8 1.7 4.3 5.0 5.5 5.7 6.5
Housing and personal consumer4 5.4 8.3 8.7 8.6 8.2 7.8 7.6
Business4 6.0 7.3 7.2 6.8 7.3 7.3 6.2
Agriculture4 7.4 6.0 3.5 2.7 2.7 2.2 2.6
  1. Loans fully secured on residential property for business use are included under business or agriculture loans. A long run series can be found in Sector lending - C5.
  2. A list of series breaks for Household Funding and Sector Lending are available in the background notes.
  3. A long run series can be found in Sector lending - C5.
  4. Annual growth rates have been break-adjusted, reflecting the underlying market change.

Coverage, Periodicity, and Timeliness of Data


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.

Periodicity and Timeliness

Data is published monthly, approximately 5 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.


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

Data are collected under Sections 36 and 93 of The Reserve Bank of New Zealand Act (1989).

The Reserve Bank publishes 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

A copy of the survey template and definitions is available.


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.

Improvements to sector lending (registered banks and non-bank lending institutions)

Today the Reserve Bank published banking sector statistics with revisions to a few series.

Non-banks data revisions

The Reserve Bank has commenced a review of the statistical reporting of non-bank entities. The review has led to the updating of selected non-bank statistics back to January 2015.

The main changes to the statistics are an increase in non-bank lending institutions business and housing loans from January 2015 going forward. There are also minor revisions to non-banks consumer lending, with no material impact on growth rates.

This change initiative is part of a comprehensive review of statistical reporting of non-bank entities. We are reviewing the reporting to create more coherent and comparable statistics, which are better aligned with international standards. We currently plan to complete the review in 2018 and expect further changes to non-bank statistics.

We invite your feedback on user requirements for non-bank statistics. Please provide comments to

Registered banks data revisions

The Reserve Bank began publishing new banking sector Balance Sheet statistics in April 2017. As we are developing new data time series we expect to see improvements made to areas of our published data. Some improvements lead to data revisions. Revisions are made to increase the accuracy of the statistics. Most revisions are minor, often reclassification of instruments with no material impact on high level aggregates or growth rates.

If you have any questions about revisions to banking sector statistics contact us by emailing

31 July 2017

Symbols and conventions for summary table

0 Value rounded to zero
- Zero or 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.