| Previous years: | Quarterly: | |||||
|---|---|---|---|---|---|---|
| Sep 2016 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | |
| Interest income ($m) | ||||||
| Total interest income1 | 5,326 | 5,405 | 5,499 | 5,437 | 5,560 | 5,651 |
| Cash and deposits | 78 | 103 | 75 | 77 | 74 | 83 |
| Debt securities | 315 | 289 | 292 | 281 | 288 | 292 |
| Residential mortgages2 | .. | .. | .. | .. | .. | 3,001 |
| Business loans2 | .. | .. | .. | .. | .. | 1,956 |
| All other loans2 | .. | .. | .. | .. | .. | 392 |
| Derivative interest income | -144 | -121 | -79 | -52 | -63 | -62 |
| Other interest income | -4 | -2 | -6 | -11 | -11 | -11 |
| Interest expense ($m) | ||||||
| Total interest expense1 | 2,920 | 2,869 | 2,902 | 2,828 | 2,904 | 2,974 |
| Deposits | 1,678 | 1,752 | 1,785 | 1,768 | 1,817 | 1,880 |
| Debt securities | 531 | 643 | 685 | 654 | 708 | 722 |
| Borrowings | 263 | 151 | 145 | 141 | 148 | 163 |
| Derivative interest expense | 436 | 320 | 284 | 261 | 222 | 215 |
| Other interest expense | 11 | 4 | 3 | 4 | 10 | -6 |
| Net interest income ($m) | ||||||
| Net interest income1 | 2,406 | 2,535 | 2,598 | 2,609 | 2,657 | 2,677 |
| Other income ($m) | ||||||
| Total other income1 | 669 | 811 | 896 | 766 | 852 | 877 |
| Derivatives | -209 | 70 | -87 | -186 | 47 | -12 |
| Trading | 183 | 96 | 159 | 127 | 117 | 151 |
| Other fair value adjustments | 60 | 2 | 103 | 156 | 3 | 104 |
| Fees and commission | 544 | 561 | 622 | 570 | 594 | 561 |
| Other | 88 | 77 | 97 | 97 | 83 | 73 |
| Share of profit and loss of associates and joint ventures | 5 | 6 | 2 | 2 | 8 | -1 |
| Total operating income ($m) | ||||||
| Total operating income1 | 3,075 | 3,347 | 3,494 | 3,375 | 3,508 | 3,553 |
| Operating expenses ($m) | ||||||
| Total operating expenses1 | 1,307 | 1,335 | 1,403 | 1,387 | 1,384 | 1,396 |
| Personnel | 695 | 704 | 720 | 749 | 725 | 722 |
| Fees and commission | 97 | 122 | 130 | 105 | 120 | 129 |
| Other | 515 | 508 | 552 | 533 | 540 | 545 |
| Impairment ($m) | ||||||
| Total impaired asset expenses1 | 155 | 22 | 67 | 168 | 66 | -19 |
| Individual provisions for losses on loans | 81 | 22 | 74 | 98 | 56 | 10 |
| Collective loan loss provisions | 41 | -6 | -13 | 57 | -17 | -50 |
| Debt write-offs | 45 | 34 | 34 | 38 | 37 | 35 |
| Recoveries | -12 | -22 | -21 | -24 | -14 | -14 |
| Other | -1 | -6 | -6 | -1 | 3 | -1 |
| Profit ($m) | ||||||
| Profit before tax1 | 1,613 | 1,990 | 2,024 | 1,821 | 2,058 | 2,176 |
| Income tax1 | 439 | 555 | 567 | 505 | 569 | 618 |
| Profit after tax1 | 1,175 | 1,435 | 1,457 | 1,315 | 1,490 | 1,558 |
| Other comprehensive income after tax | 12 | -1 | 3 | 4 | 5 | 51 |
| Profit including other comprehensive income | 1,186 | 1,434 | 1,461 | 1,319 | 1,495 | 1,608 |
| Profit attribution ($m) | ||||||
| To non-controlling interest1 | 4 | 3 | 3 | 4 | 3 | 3 |
| To equity holders of the parent1 | 1,182 | 1,430 | 1,457 | 1,315 | 1,492 | 1,605 |
| Registered banks | ||||||
| Number of registered banks | 24 | 24 | 25 | 26 | 26 | 26 |
Since June 2013, the Reserve Bank has conducted a monthly survey of registered banks' financial performance.
Data from 1 July 2013 in this table is sourced from the Registered Bank Income Statement Survey (ISS).
The survey was updated in July 2018 to collect information that could be used to calculate selected monthly yields. This also enabled the provision of a more detailed breakdown of interest earned on loans and advances in these quarterly tables. Please note there are minor variances between the discontinued ‘Housing loans’ and ‘Other loans’ series and the ‘Total loans’ series, as a result of data quality improvements following the introduction of the updated survey.
Earlier data (to provide a historical context) has been sourced from registered banks' Disclosure Statements and the Net Interest Margin Survey.
The income data presented in the tables are calculated by aggregating the consolidated information for registered banks.
For a history of banks registered in New Zealand see the list of past and present banks.
As the data are quarterly income and expense flows they will tend to be more volatile than balance sheet data. Movements in interest rates, exchange rates, and the number of days in a quarter will all have an influence on the flows along with one-off income or expense items that occur in a single quarter.
Quarterly
Data is released approximately two months after the reference quarter.
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.
The information is disseminated by the Reserve Bank as a service to the public in a format that preserves the confidentiality of transactions. The function and operations of the Reserve Bank are governed by the Reserve Bank Act 1989.
The Reserve Bank publishes aggregated data. Individual institutional data is confidential.
Find out more about the Reserve Bank Act 1989.
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 a 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 will be posted as a special note.
A copy of the survey template and definitions is available from our Surveys page.
Go to the Surveys page.
Disclosure statements published by registered banks offer checks for reasonableness.
The most recent data is sourced from the ISS which was introduced in July 2013.Improvements to the ISS return where made in 2018 to enable the publishing of selected monthly yield data. These improvements have also resulted in improvements to the S21 table from September 2018.
To provide a historical context data from other sources has been used. This includes the Net Interest Margin Survey and publicly available Disclosure Statements. The information available from these other sources is not as detailed as that provided by the ISS.
While all the data is based on generally accepted accounting standards (GAAP) these have changed over time particularly over 2005 – 2007 when New Zealand moved to the international standards. A fuller explanation of that changeover is provided below. Consequently some of the data may not be fully comparable.
1. A new version of NZ IFRS 9 became effective for reporting periods beginning on or after the 1 January 2018. Banks have been adopting the standard during 2018 at the start of their new financial years.
2. 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 from banks’ disclosure statements.
Between 2005 and 2007 data is a combination of data reported under the two sets of accounting standards. For the 31 December 2005 quarter, 92 percent of the total assets of registered banks reported were held by banks using NZ IFRS.
|
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 |
The value of interest earned on interest-earning assets.
Interest earned from accounts with the Reserve Bank and from deposits (other than securities) with other banks.
Interest earned from securities that can be bought or sold during the life of the security. Debt securities include government bonds, corporate bonds, CDs, local body bonds, preferred stock, collateralised securities (such as CDOs, CMOs, GNMAs) and zero-coupon securities.
Interest on total loans fully secured by residential mortgage (fixed and floating).
Interest on the total of all floating rate loans fully secured by residential mortgage.
Interest on the total of all fixed rate loans fully secured by residential mortgage.
Interest earned on total business loan products includes loans cross collateralised between residential property and other assets (but not fully secured by residential mortgage) and all other non-financial business loans. It includes loans to both non-financial large (institutional) businesses and SME businesses. It excludes lending to households and, where counterparty information is available, excludes loans to customers in the finance, government (central and local) and NPISH sectors.
Interest earned on all other loans, both secured and unsecured, includes interest earned on credit cards and personal loans, and interest income earned on securities with other banks purchased under agreement to resell (repos with banks). It also includes other net adjustments to items such as amortised fee expenses/income, early repayment penalty interest and discount unwind on individual provisions. The latter are adjustments made by banks to interest income for the non-interest component of the effective interest rate calculation.
Net interest flows for hedges associated with assets. The value can be positive or negative.
All other interest income not included elsewhere.
The value of interest incurred on interest-bearing liabilities.
Interest incurred on deposits that have been placed with the bank.
Interest incurred on securities issued by the bank that can be bought or sold during the life of the security.
Interest incurred on loans supplied to the bank.
Net interest flows for hedges associated with liabilities. The value can be positive or negative.
All other interest expense incurred not included elsewhere.
Interest income less interest expense.
Total income earned by the bank other than that generated from interest.
Derivative income that was not reported as interest. The value can be positive or negative.
Income, other than interest income, earned from financial assets classified as held for trading. The value can be positive or negative.
Includes all fair value adjustments through the income statement not included elsewhere. The value can be positive or negative.
Income from customers for the provision of services. Includes credit cards, transaction/ deposit account services and credit facility related fees.
All other income not included elsewhere.
Income from associates and joint ventures accounted for using the equity method.
Net interest income plus total other income.
Expenses incurred other than interest or on the impairment of an asset.
Expenses related to the employment of the staff of the banks.
Fees and commission incurred for services provided to the banks.
All other expenses not included elsewhere.
Amounts charged against income to provide against potential or actual loan losses. Includes write backs when potential losses don't eventuate.
Primarily fair value movements taken directly to equity and therefore not included in profit.
Profit (or loss) before deducting tax expense.
Profit (or loss) after income tax expense.
The share of profit in partly owned subsidiary companies that belong to the other shareholders of those subsidiaries.
Profit available to the shareholders of the registered banks.
Total assets held by banks.
Interest-earning assets held by banks.
Total liabilities held by banks.
Interest-bearing liabilities held by banks.
Shareholders' capital including ordinary capital, retained earnings, perpetual preference shares, other reserves and head office accounts of overseas-incorporated banks.
All banks operating in New Zealand must be registered with the Reserve Bank of New Zealand. The number of registered banks has varied over time. For a history of banks registered in New Zealand see the list of past and present banks.
Profit after tax as a percentage of average total assets. Data has been annualised by multiplying by the number of days in the year / number of days in the quarter.
Profit after tax of banks incorporated in New Zealand as a percentage of their average equity. Data has been annualised by multiplying by the number of days in the year / number of days in the quarter.
Interest income as a percentage of average interest-earning assets. Data has been annualised by multiplying by the number of days in the year / number of days in the quarter.
Interest expense as a percentage of average interest-bearing liabilities. Data has been annualised by multiplying by the number of days in the year / number of days in the quarter.
Net interest income as a percentage of average interest-earning assets. Data has been annualised by multiplying by the number of days in the year / number of days in the quarter.
Other income as a percentage of total operating income.
Other income as a percentage of average total assets. Data has been annualised by multiplying by the number of days in the year / number of days in the quarter.
Total operating expenses as a percentage of total operating income.
Total operating expenses as a percentage of average total assets. Data has been annualised by multiplying by the number days in the year / number of days in the quarter.
Total impaired assets expenses as a percentage of total operating income.
Interest earned from loans secured by residential property (excluding for business purposes). Residential property includes houses, apartments, flats, holiday homes etc. Discontinued in June 2018 when changes were made to the Income statement survey (see background notes for more details).
Interest received from non-housing loans. Includes credit card loans, unsecured loans, and business loans. Discontinued in June 2018 when changes were made to the Income statement survey (see background notes for more details).
Updates to Income statement published series - S21
We recently completed an update to our Bank Income Statement Survey (ISS), in collaboration with banks. The revised survey captures improved interest income flows for loans fully secured by residential mortgage (both fixed and floating) products and the interest income flows for loans for business, as well as for consumer and other loan products. The survey also collects improved interest expense flows for deposit products. The update to the ISS brings this collection into line with the new Bank Balance Sheet collection and associated instrument definitions, introduced at the beginning of January 2017.
The new interest flow series have enabled the calculation of actual yields for mortgage and business loans, and these were published in a new web table (B6) earlier this month. Web tables S20 and S21 have been updated this month to reflect the improved series now available.
The following previously reported loan series, no longer collected on this basis, have now been discontinued and are available as memo items in the S21 historical excel table, with data up to June 2018:
New loans interest income series are now published as follows:
Definitions for these new series can be located in the series descriptions tab for the S21 table.
There are minor revisions back to December 2016 for a number of published series including Interest Income for total loans, Other Interest income, Fees and commission, Other operating expenses, Profit before tax and Profit after tax, as a result of data quality improvements. There are minor variances between the old discontinued Housing loans and other loans series and the total loans series, as a result.
If you have any questions please contact stats-info@rbnz.govt.nz.
| 0 | Zero or value rounded to zero |
| - | Not applicable |
| .. | Not available |
| bold | Revised/new |
| italics | Provisional |
| light red background | Historical |