Summary of selected aggregate balance sheet data - G3

 Special note: Discontinuation of tables
Released
18 April 2018 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Quarterly
Previous years: Quarterly:
Dec 2015 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017
Balance sheet assets ($m)
Cash and balances with Central Bank 11,225 11,585 11,259 9,905 10,700 11,801
Balances with other financial institutions 7,012 7,680 6,527 7,226 6,219 5,694
Securities 39,471 41,722 38,931 41,371 39,931 45,940
Mortgage lending 211,011 229,857 233,517 236,990 239,970 243,205
Other lending 164,114 174,375 175,921 177,605 179,962 182,004
Other assets 46,360 45,059 40,032 41,933 35,370 37,309
Total assets 479,193 510,277 506,188 515,030 512,152 525,953
Equity and liabilities ($m)
Equity 35,183 36,738 35,726 36,918 36,917 40,500
Subordinated debt 11,970 11,285 13,622 13,254 15,254 15,268
Deposits and other borrowings 395,556 427,506 425,622 429,477 436,800 447,479
Other liabilities 36,483 34,748 31,218 35,381 23,182 22,705
Total equity and liabilities 479,193 510,277 506,188 515,030 512,152 525,953
Average assets1 461,982 498,938 504,337 507,668 509,900 513,920
Total assets of banks ($m)
Incorporated overseas 356,760 377,151 371,761 378,383 374,225 385,747
Incorporated in New Zealand 441,147 479,502 476,187 483,123 480,869 490,911
Overseas owned 445,280 473,804 468,703 476,913 473,645 487,049
New Zealand owned 33,913 36,474 37,485 38,117 38,507 38,903
Balance sheet ratios (%)
Common equity tier 1 capital rato2 10.75 10.60 10.53 10.95 11.00 11.35
Tier 1 capital ratio2 12.05 12.35 12.25 12.60 13.26 13.59
Total capital ratio2 13.46 13.62 13.38 13.68 14.41 14.71
Impaired assets / gross lending 0.37 0.40 0.38 0.36 0.34 0.41
Non-performing loans / gross lending 0.53 0.54 0.53 0.50 0.48 0.54
Year on year change in total assets 10.13 6.49 1.57 2.80 1.25 3.07
Number of registered banks
Number of registered banks 25 24 24 24 24 25
  1. Calculated using the end of quarter assets over the previous twelve month period.
  2. New Zealand incorporated banks only

The data: coverage, periodicity, and timeliness

Coverage characteristics

The balance sheet data presented in the table are calculated by aggregating the consolidated information for registered banks and their banking groups. Data for registered banks that are subsidiaries of other registered banks will be included in the consolidated figures of the parent and are therefore excluded from the aggregations.

While a registered bank can net a liability off against an asset under the right of set off accounting standard, the data used in these tables is on a gross basis.

For capital adequacy ratios only New Zealand incorporated banks are used.

Data are in millions of New Zealand dollars.

The number of registered banks has varied over time. The table shows the number at the end of each quarter. For a history of banks registered in New Zealand see the list of past and present banks.

This data only covers balance sheet information. Financial performance data is available in the S20 (Banks: summary income statement and related ratios) and S21 (Banks: income statement) tables.

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.

View the Statistics Release Calendar.

Integrity

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

Since 1996, data have been sourced from publicly available General Disclosure Statements of registered banks. The March 1996 Bulletin article New disclosure regime for registered banks (PDF 150KB) provides a background on General Disclosure Statements.

Data for the pre-1996 period is derived from information that registered banks were required to send to the Reserve Bank under section 93 of the Reserve Bank of New Zealand Act. The individual bank data supplied under section 93 is protected by section 105 of the Act.

Read the Reserve Bank of New Zealand Act 1989.

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

The information required in the disclosure statements can be found in the Orders in Council made under The Act.

A list of registered banks is available.

Information supplied by registered banks is required to meet Generally Accepted Accounting Standards. Changes to accounting standards and to the way banks conduct their business have impacted over time on the amounts shown for each series. The specific accounting policies of each registered bank are available in the statement of accounting policies included in General Disclosure Statements every six months.

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

In most cases the latest General Disclosure Statements can be found on the websites of registered banks.

The Reserve Bank is the prudential regulator of registered banks and monitors their compliance with statutory requirements.

The compilation of the registered bank aggregate statistical return table offers additional checks for reasonableness.

Interpretation of the table

The balance sheet data presented in the table are calculated by aggregating the consolidated information for registered banks and their banking groups. Data for registered banks that are subsidiaries of other registered banks will be included in the consolidated figures of the parent and are therefore excluded from the aggregations.

While a registered bank can net a liability off against an asset under the right of set off accounting standard, the data used in these tables is on a gross basis.

For capital adequacy ratios only New Zealand incorporated banks are used.

Since 1996, data have been sourced from publicly available General Disclosure Statements of registered banks. The March 1996 Bulletin article New disclosure regime for registered banks (PDF 1.3MB) provides background information on General Disclosure Statements.

Data for the pre-1996 period is derived from information that registered banks were required to send to the Reserve Bank under section 93 of the Reserve Bank of New Zealand Act. The individual bank data supplied under section 93 is protected by section 105 of the Act.

Data are in millions of New Zealand dollars.

The number of registered banks has varied over time. The table shows the number as at the end of each quarter. For a history of banks registered in New Zealand see the list of past and present banks on this website.

Information supplied by registered banks is required to meet Generally Accepted Accounting Standards. Changes to accounting standards and to the way banks conduct their business have impacted over time on the amounts shown for each series. The adoption of internationalaccounting standards by registered banks between 2005 and 2007 may also affect the comparability of amounts shown in these series. The specific accounting policies of each registered bank are available in the statement of accounting policies included in General Disclosure Statements every six months. During 2008 the Basel II capital adequacy framework replaced the Basel I framework.

The Reserve Bank has published a survey of developments in the banking sector in the June Bulletin each year from 1992 until 2004. Since then, commentary on banking and financial sector developments has been included in the Reserve Bank's Financial Stability Report.

Format of the table

Table G3 has two sections: balance sheet and ratios based on the data.

Balance sheet definitions

Average assets

The average value of total assets over the year. Calculated as an average of quarter-end totals.

Balances with other financial institutions

Deposits and placements with other financial institutions.

Cash and balances with Central Bank

Cash or items readily convertible into cash plus claims on the Reserve Bank of New Zealand.

Deposits and other borrowings

Deposits and other borrowings covers all forms of funding except Subordinated debt. Includes transactional and savings accounts, term deposits, certificates of deposit and issued paper, credit card balances, non interest bearing deposits and amounts due to related parties.

Equity

Shareholders' capital including ordinary capital, retained earnings, perpetual preference shares, other reserves and head office accounts of overseas-incorporated banks.

Mortgage lending

Until 31 December 2007 mortgage lending was the principal amount of residential mortgages as reported by all registered banks under the Basel I capital adequacy framework.

From 31 March 2008 the Basel II capital adequacy framework has been the source of on balance sheet mortgage lending values for locally incorporated registered banks. From 31 March 2011 with changes to disclosure requirements, mortgage lending values for these banks were required to be available under this framework only every other quarter. When not available, mortgage lending has been obtained from residential mortgage loan-to-value ratio information or notes to the accounts that provide more detailed information about loans and advances.

Overseas incorporated banks were required to publish capital adequacy data under the Basel I framework until 30 September 2011. From 31 December 2011 when this requirement was removed, mortgage lending has been obtained from residential mortgage loan-to-value ratio information or notes to the accounts that provide more detailed information about loans and advances.

At the dates new capital adequacy and disclosure requirements have been adopted by banks the level of mortgage lending reported by some banks has not been consistent from one period to the next, which has affected published aggregate mortgage lending data. ‘Other lending', which is the balance of total loans and advances, has reflected the reciprocal impact of these changes.

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, net of provisions for impairment.

Other assets

All other assets, including amounts due from related parties, goodwill and unrealised gains on derivative financial instruments.

Other liabilities

All other liabilities, including unrealised losses on derivative financial instruments.

Securities

Securities include trading securities, investment securities and available for sale investments.

Subordinated debt

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

Total assets

The sum of all assets.

Total liabilities and equity

The total of all liabilities and equity.

Total assets of banks incorporated in New Zealand

The total asset of the banks incorporated in New Zealand.

Total assets of banks incorporated overseas

The total asset of the New Zealand operations of banks that are branches of an overseas incorporated organisation. Where that organisation has a New Zealand incorporated subsidiary that is also a registered bank, that subsidiary assets are also included.

Total assets of New Zealand owned banks

The total asset of the banks whose ultimate owner(s) are based in New Zealand.

Total assets of overseas owned banks

The total asset of the banks whose ultimate owner(s) are based outside of New Zealand.

Ratio definitions

All ratio calculations are weighted averages.

Impaired assets / gross lending

Impaired assets as a percentage of lending before allowing for provisions.

Non performing loans / gross lending

Non performing loans (impaired and 90 day past due asset) as a percentage of lending before allowing for provisions. Ninety day past due assets are first available from March 1996.

Capital adequacy ratios

The Common equity tier 1, Tier 1 and Total capital ratios are calculated in accordance with the Reserve Capital Adequacy Framework. Until 2008 the Basel I framework applied, between 2008 and 2012 the Basel II framework applied, since 2013 the Basel III framework applies.

Year on year change in total assets

The percentage change in total assets from the previous year.

Number of registered banks

Number of organisations registered with the Reserve Bank of New Zealand as banks as at the end of the quarter. For a history of banks registered in New Zealand see the list of past and present banks on this website.

Adoption of IFRS

Between 1 January 2005 and 1 July 2007, banks in New Zealand changed accountings 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 finical 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.