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

30 October 2020 03:00 p.m.
Next release
30 November 2020 03:00 p.m.
Reserve Bank of New Zealand
Previous years: Monthly:
Sep 2018 Sep 2019 May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020
Housing ($m)
Total 254,838 271,514 282,465 283,679 285,587 287,729 290,050
Registered banks1 252,319 268,570 279,159 280,357 282,251 284,377 286,693
Non-bank lending institutions2 2,519 2,944 3,306 3,322 3,336 3,353 3,357
Personal consumer ($m)
Total 16,651 16,632 14,874 15,053 14,854 14,667 14,691
Registered banks 11,217 11,012 9,555 9,764 9,641 9,446 8,497
Non-bank lending institutions2 5,433 5,620 5,319 5,289 5,214 5,221 6,194
Housing and personal consumer ($m)
Total 271,489 288,147 297,339 298,733 300,441 302,396 304,741
Registered banks 263,537 279,583 288,713 290,121 291,891 293,822 295,190
Non-bank lending institutions 7,952 8,564 8,625 8,611 8,550 8,574 9,551
Business ($m)
Total 111,534 118,357 122,078 120,180 118,193 117,697 117,123
Registered banks 106,938 113,356 116,884 115,059 113,167 112,607 110,011
Non-bank lending institutions2 4,596 5,001 5,194 5,120 5,026 5,090 7,111
Agriculture ($m)
Total 62,212 63,674 62,828 62,896 63,097 63,098 62,862
Annual growth rate (%)
Housing3 6.0 6.5 6.3 6.2 6.4 6.5 6.8
Personal consumer3 4.7 0.1 -10.9 -9.9 -10.2 -11.5 -11.7
Housing and personal consumer3 5.9 6.2 5.3 5.3 5.4 5.5 5.8
Business3 4.9 6.1 5.0 2.4 0.1 -0.5 -1.2
Agriculture3 2.6 2.4 -1.1 -1.2 -1.3 -1.2 -1.7
  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.

Impact of the sale of UDC on RBNZ statistics

30 October 2020

On 1st September 2020, ANZ completed the sale of UDC Finance Limited (UDC). Prior to Sep-20, UDC were included in our banking sector statistics as a consolidated entity under ANZ Banking Group Limited. From Sep-20 onwards, UDC will instead be included in our statistics as a non-bank lending institution (NBLI). This change in treatment will result in UDC being excluded from our “Registered Banks” statistics, with the impact on our bank lending stock figures summarised at a total level below:

Break date Housing lending Business lending Agriculture lending Consumer lending Financial Institutions Other loans
 Sep-20 0 -2,235 -138 -940 -6 -32

We do not break adjust the lending stock figures visible in our web tables, and therefore the figures presented show the actual lending stocks as at the end of each month.

We do break adjust annual sector lending growth rates in Table C5. However, as UDC’s lending has moved from banks to non-banks in our statistics, this change alone does not impact the C5 web table growth rates, as these rates cover total sector lending.

Please note there is a separate break of $182m which has been reclassified from business to agriculture, which has resulted in a break adjustment to the business & agriculture growth rates published on the C5 table.

The following tables compare bank lending growth rates calculated from the stock figures in our web tables versus when they have been adjusted for the break in the series.

Break adjusted bank business & consumer annual growth rates:



The Non bank web tables have also been impacted by this adjustment, with UDC now being included in these tables. Break adjusted non-bank business & consumer annual growth rates are shown below:



A list of series breaks are published against our C5, S31 & S32 tables.

The bank balance sheet release for September also includes a key points summary. Some figures in this summary have been break adjusted to account for the new treatment of UDC in our statistics.

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.