Summary information for locally incorporated banks - G1

 Special note: Discontinuation of tables
Released
18 April 2018 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Quarterly
ANZ ASB BNZ BOB BOC BOI CCB Co-op Heartland ICBC Kiwibank Rabobank SBS TSB Westpac
Period
For the period ending 31-Dec-17 31-Dec-17 31-Dec-17 31-Dec-17 31-Dec-17 31-Dec-17 31-Dec-17 31-Dec-17 31-Dec-17 31-Dec-17 31-Dec-17 31-Dec-17 31-Dec-17 31-Dec-17 31-Dec-17
Profitability (NZ$m)
Net profit for the past 12 months 1,882 1,137 989 1 -1 1 10 11 63 -1 32 108 25 42 898
Net profit as a % of average total assets 1.2 1.3 1.0 1.1 -0.1 0.7 0.8 0.5 1.5 -0.1 0.2 1.0 0.6 0.6 1.0
Net profit as a % of average equity 14.4 15.5 14.5 2.6 -0.5 1.6 5.2 6.4 11.0 -0.8 2.4 7.6 8.8 7.1 13.1
Credit rating(s)
Issued by Standard and Poor's1 AA- AA- AA- - A BB+ A - - A A A - - AA-
Issued by Moody's1 A1 A1 A1 - A1 - A1 - - A1 A1 - - - A1
Issued by Fitch1 AA- AA- AA- BBB- - - - BBB BBB - AA - BBB A- AA-
Capital adequacy (%)
Common equity tier 1 ratio2 11.3 10.6 10.7 78.6 14.1 52.5 12.4 14.0 14.3 9.3 12.6 13.1 10.8 14.5 11.5
Tier 1 ratio2 14.7 12.6 12.2 78.6 14.1 52.5 12.4 14.0 14.3 9.3 14.0 13.1 10.9 14.5 14.3
Capital ratio2 15.0 14.1 13.5 78.6 14.1 52.5 13.1 16.7 14.8 11.7 15.0 13.6 11.8 14.5 16.5
Assets (NZ$m)
Cash, liquid assets and due from other institutions 5,277 1,903 3,848 27 239 28 155 34 117 328 588 339 97 105 2,123
Securities 15,918 7,158 6,741 0 0 0 0 261 294 40 1,148 595 408 1,984 5,966
Gross loans 121,996 80,658 81,057 80 1,427 88 1,648 2,270 3,815 1,286 18,066 10,028 3,785 5,181 78,092
Mortgages 71,189 52,774 37,808 51 378 31 733 2,095 1,094 437 16,691 37 2,932 4,266 47,257
Other lending 50,807 27,884 43,249 29 1,048 57 914 174 2,721 849 1,375 9,991 852 915 30,835
Less individual provisions 125 50 107 0 10 0 0 1 12 10 5 6 2 0 48
Less collective provisions 417 238 462 0 3 0 2 4 20 6 34 26 25 24 311
Derivatives 8,801 1,196 3,697 0 1 0 21 4 0 0 350 4 3 0 339
Other assets 5,331 747 2,968 6 12 3 5 26 113 24 268 388 81 33 3,242
Total assets 156,781 91,374 97,742 113 1,666 120 1,826 2,589 4,307 1,662 20,381 11,321 4,347 7,278 89,403
Annual % change -0.6 5.0 3.8 13.3 223.7 8.4 105.7 14.0 12.8 83.9 1.9 0.1 16.1 9.8 -1.1
Liabilities and equity (NZ$m)
Equity 13,294 7,674 6,895 47 214 54 206 180 641 139 1,420 1,476 290 611 7,082
Subordinated debt 3,284 806 1,824 0 0 0 15 45 26 35 255 61 54 0 2,628
Other borrowings 129,018 81,236 85,160 66 1,440 65 1,593 2,344 3,608 1,471 18,254 9,741 3,936 6,612 78,688
Derivatives 9,378 1,095 3,180 0 0 0 6 8 - 0 346 4 25 9 321
Other liabilities 1,807 563 683 0 12 1 5 13 33 17 106 40 43 45 684
Total liabilities and equity 156,781 91,374 97,742 113 1,666 120 1,826 2,589 4,307 1,662 20,381 11,321 4,347 7,278 89,403
Asset quality (NZ$m)
Impaired assets 322 518 283 0 33 0 0 2 36 33 9 293 5 4 178
90 days past due 190 86 116 0 0 0 0 4 37 0 7 0 4 11 88
Non-performing loans as a % of gross lending 0.4 0.7 0.5 0.0 2.3 0.0 0.0 0.3 1.9 2.6 0.1 2.9 0.2 0.3 0.3
Individual provisions as a % of impaired assets 38.8 9.7 37.8 0.0 30.0 0.0 0.0 27.4 33.6 31.2 55.6 2.2 34.4 7.7 27.0
Balance date
Annual balance date 30-Sep 30-Jun 30-Sep 31-Mar 31-Dec 31-Mar 31-Dec 31-Mar 30-Jun 31-Dec 30-Jun 31-Dec 31-Mar 31-Mar 30-Sep
  1. On NZ$ long-term senior unsecured obligations in NZ
  2. As a % of total risk-weighted credit exposures

The Data: Coverage, Periodicity, and Timeliness

Coverage characteristics

Data was extracted from the "Key Information Summary" part of the disclosure statements published by locally incorporated registered banks until December 2010 and then extracted directly from disclosure statements.

Data series from March 1996 onwards include: Profitability; Peak credit exposure concentrations; Credit rating; Capital adequacy; Size; and Asset quality.

Data included in the table was revised in 2013. A summary balance sheet was added and Peak credit exposure concentrations were removed.

Periodicity

Quarterly

Timeliness

Released during the fourth month after the end of the quarter the disclosure statements were issued for.

Access by the public

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

The Reserve Bank of New Zealand Act 1989 (The Act), Section 81 states, " The Bank shall, from time to time... prescribe the information which...shall be published by all registered banks or any specified class of registered banks."

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

Provisional data are italicised. Data are deemed provisional when a series is under review. New data, or revised data, are in bold font. This applies to the summary table only and not excel files. 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. Any major changes in methodology are posted on the website as a note.

Quality

Dissemination of documentation on methodology and sources used in preparing statistics

A list of the registered banks can be found on our website. The information required in the disclosure statements can be found in the Orders in Council made under The Act.

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

Disclosure statements can be found on the websites of registered banks that are directed primarily at New Zealand customers.

Interpretation of the table

The information contained in the table was extracted from the "Key Information Summary" part of the disclosure statements published by registered banks until December 2010 and then directly from the disclosure statements. A review of the tables was made in 2013 and consequently there were changes to the presentation and content of the table from the 30 June 2013 data.

The information relates only to the periods specified in those disclosure statements. The financial position of a bank may have changed subsequent to the publication of its disclosure statements. The disclosure statements also contain other information that may be relevant in interpreting the information contained in the tables. Readers are advised to consult those disclosure statements for comprehensive information about any particular bank.

Format of the table

All locally incorporated banks are listed in table G1, and all overseas incorporated banks (which operate as a branch in New Zealand) are listed in table G2. This is done because it may be misleading to compare locally incorporated banks with overseas incorporated banks. In each section of the table, banks are listed in alphabetical name order.

In the case of overseas incorporated banks, the key information disclosed covers both the New Zealand branch and the bank as a whole. The overseas bank information provided is the most recently published information and is not always for the same date as that provided by the New Zealand branch. In some cases the overseas bank information may be for different dates. The key information disclosed by locally incorporated banks with an overseas parent bank does not include information relating to the overseas parent bank.

The number of decimal places used to disclose quantitative information is not prescribed, and so differs among banks. This has resulted in varying numbers of decimal places appearing in some lines of the table. Some of the numbers disclosed by banks have been rounded in order to improve the consistency of the table.

Contents of the table

Period

From the 30 June 2013, the end of the accounting period is shown at the top of the table while the annual balance date is shown at the bottom.

Up to 31 March 2013 the first block of information in the table lists the annual balance date of each bank, the date of the end of the accounting period to which the information disclosed relates and the number of months in that accounting period. For example a bank may have a balance date of 31 December, and an accounting period ending on 30 June.

Profitability

From 30 June 2013 the net profit covers the 12 months to the end of the relevant accounting period. Up to 31 March 2013 the net profit for the year-to-date is shown. Net profit over the previous 12 months as a percentage of average total assets is also shown and from 30 June 2013 also as a percentage of equity.

Credit rating

Credit ratings for long-term unsecured obligations payable in New Zealand in New Zealand dollars and the name of the issuer of the rating are disclosed. Some banks have more ratings than those shown in the table. Readers are advised to refer to the banks' disclosure statements for information about additional ratings (if any).

See Standard & Poor's, Moody's and Fitch's websites for explanation of their ratings.

Capital adequacy

The table shows common equity tier one capital ratio (from 31 March 2013), tier one capital ratio and total capital ratio, and each of these as a percentage of risk weighted credit exposures. Locally incorporated banks are required to calculate capital and risk weighted credit exposures in accordance with the Reserve Bank's policy document entitled Capital Adequacy Framework.

Assets

From 30 June 2013 a breakdown of assets is shown. Up to 31 March 2013 only the amount of total assets was shown. The percentage change in total assets over the last 12 months is also shown.

Liabilities and equity

From 30 June 2013 a breakdown of liabilities and equity is shown.

Asset quality

The table shows the value those assets that have been identified as impaired and from 30 June 2013 the value of those assets that are 90 days past due that are not considered impaired. The table now also shows the ratio of these two items as a percentage of gross lending. Up to 31 March 2013 the table shows impaired assets as a percentage of total assets.

Peak credit exposure concentrations

Up to 31 March 2013 the table shows the peak number of credit exposures over the past quarter to individual customers, or groups of closely related customers. Exposures are calculated as a percentage of equity, and disclosed as the number of exposures within percentage ranges of equity. (Banks are required to disclose peak exposures within 10 percent equity bands. However, some aggregation has been used in the table - readers are advised to refer to the banks' disclosure statements for detailed peak credit exposure concentration information.) Customers are subdivided into banks and non-banks.

Connected persons

Up to 31 March 2013 the table shows the peak credit exposure to connected persons over the past quarter. (It shows both the exposure to all connected persons and the exposure to non-bank connected persons.) The exposures are shown as an amount and as a percentage of tier one capital.

Definitions

Net profit

From 30 June 2013 the value of the profit earned over the past 12 months to the end of the period. Up to 31 March 2013 it was the value of the profit earned from the beginning of the current accounting period up to the end of the period.

Net profit as a percentage of average assets

Also called return on assets, it is the net profit as a percentage of the average assets over the past 12 months.

Net profit as a percentage of average equity

Also called return on equity, it is the net profit as a percentage of the average equity over the past 12 months.

Capital – common equity tier one, tier one capital and total capital

Common equity tier one capital is capital that is permanently and freely available to absorb losses without the bank being obliged to cease trading. It generally comprises ordinary share capital and retained earnings but excludes perpetual preference shares which are included in tier one capital. Total capital consists of tier one capital plus other capital (called tier two capital) which can only absorb losses in the event of a winding up (eg, revaluation reserves, redeemable preference shares, subordinated debt), less certain deductions (eg, unrealised revaluation losses). See the Reserve Bank's policy document entitled Capital Adequacy Framework issued in March 2005.

Cash, liquid assets and due from other institutions

Cash or items readily convertible into cash, claims on the Reserve bank of New Zealand, deposits and placements with other institutions.

Securities

Securities include trading securities, available for sale investments and held to maturity securities.

Gross loans

Total loans before the deduction of provisions.

Mortgages

Mortgage lending has been obtained from residential mortgages loan-to-value information.

Other lending

Loans and advances excluding mortgages. Includes overdrafts, credit card lending, personal loans, lease finance, commercial bills, hire purchase finance, redeemable preference share finance and other term lending.

Individual provisions

An amount that has been charged to profit and loss against identified credit losses or an identified deterioration in the value of an asset.

Collective provisions

An amount that has been charged to profit and loss against assets where credit losses in value of assets is collectively assessed.

Derivatives

A security whose price is dependent upon or derived from one or more underlying assets.

Other assets

All other assets, including amounts due from related parties and goodwill.

Total assets

The sum of all assets.

Equity

Shareholders' capital including ordinary capital, retained earnings, perpetual preference shares, other reserves and non-controlling interests.

Subordinated debt

Borrowings which rank below all other borrowing for repayment should the organisation fail.

Other borrowings

All forms of funding except Subordinated debt. Includes transactional and saving accounts, term deposits, certificate of deposits and amounts due to related parties.

Other liabilities

All other liabilities.

Impaired assets

Any credit exposure for which it is probable that the bank will not be able to collect all amounts owing, and any credit exposure on which the original terms have been changed to grant the debtor a concession, and any asset acquired through the enforcement of security.

90 days past due

Any credit exposure that has been outside its terms and conditions for more than 90 days.

Glossary of terms

Banking group

The banking group consists of the New Zealand business of the registered bank. For overseas incorporated banks this usually comprises the New Zealand branch of the overseas bank and subsidiaries of the parent bank incorporated in New Zealand. For locally incorporated banks the banking group usually comprises the bank and its subsidiaries.

Connected persons

Any person or entity that has an ownership interest in the registered bank. Any other entity in which the owner has a substantial interest and any person or entity that has a substantial interest in the owner are also included. (A person or entity holds a substantial interest in an entity if they: own, or receive dividends from, or control more than 20 percent of the shares in an entity; or control the composition of the board of directors, or the management of the company.)

Risk weighted credit exposures

This includes both on-balance sheet exposures (e.g. loans to customers) and off-balance sheet contracts that expose a bank to credit risk (e.g. the provision of guarantees). Exposures are risk weighted according to broad categories of relative credit risk.

Adoption of IFRS

Between 1 January 2005 and 1 July 2007, banks in New Zealand changed accounting standards from New Zealand accounting standards (NZ GAAP) to New Zealand International Financial Reporting Standards (NZ IFRS).  The move to NZ IFRS affects both balance sheet and income data published in the Bank disclosure tables (G) in respect of those banks. Adoption dates for banks registered over the period are listed below.

For Key information summary of locally incorporated banks (G1) and Key information summary of overseas incorporated banks (G2) tables, this reduces the comparability of individual bank data with data for previous periods, for those banks that have adopted NZ IFRS.

For the Summary of selected aggregated financial data (G3), the aggregated balance sheet and income data reported between 2005 and 2007 are a combination of data reported under the two sets of accounting standards. For the 31 December 2005, 92 percent of the total assets of registered banks reported in Table G3 were held by banks using NZ IFRS.

Dates from which banks adopted NZ IFRS are:

Date:

Banks adopting NZ IFRS:

1 January 2005

The Hong Kong and Shanghai Banking Corporation Limited

1 July 2005

ASB Bank Limited

Commonwealth Bank of Australia

1 October 2005

ANZ National Bank Limited

Bank of New Zealand

Westpac Banking Corporation

1 January 2006

Rabobank Nederland

Rabobank New Zealand Limited

1 January 2007

ABN AMRO Bank NZ

Citibank NZ

Deutsche Bank AG

Kookmin Bank

1 April 2007

TSB Bank Limited

The Bank of Tokyo-Mitsubishi UFJ

1 July 2007

Kiwibank Limited

Discontinuation of tables

Today the Reserve Bank publishes the December quarter results sourced from the banks’ disclosure statement. This is the last publication of these tables.

The requirement for banks to produce off quarter disclosure statements has been removed. Banks are now required to publish Disclosure statements on a six monthly basis. It will therefore not be possible to produce quarterly aggregated data from disclosure statements.

Read more about the Banking Supervision Handbook and the disclosure Orders in Council.

Alternative sources for aggregated data are:

The G1 table is being replaced by the Bank Financial Strength Dashboard. The release of March 2018 quarter metrics is scheduled for 29 May 2018.

Read more about disclosure and the Bank Financial Strength Dashboard.

If you have any questions, please contact us at stats-info@rbnz.govt.nz

18 April 2018

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.