| Previous years: | Monthly: | ||||||
|---|---|---|---|---|---|---|---|
| Mar 2020 | Mar 2021 | Nov 2021 | Dec 2021 | Jan 2022 | Feb 2022 | Mar 2022 | |
| Loans fully secured by residential mortgage ($m) | |||||||
| Total | 283,262 | 310,120 | 329,079 | 331,135 | 332,685 | 334,055 | 335,447 |
| Floating | 43,010 | 40,672 | 37,989 | 38,069 | 39,571 | 40,138 | 40,079 |
| Fixed | 240,251 | 269,448 | 291,090 | 293,066 | 293,114 | 293,917 | 295,368 |
| Owner occupier property use ($m) | |||||||
| Total | 203,148 | 220,716 | 235,329 | 237,297 | 238,674 | 239,796 | 240,993 |
| Floating | 31,247 | 29,262 | 27,181 | 27,251 | 28,236 | 28,618 | 28,673 |
| Fixed | 171,901 | 191,454 | 208,148 | 210,046 | 210,438 | 211,178 | 212,320 |
| =>1 day and <=3 months | 22,501 | 28,848 | 29,257 | 27,537 | 28,441 | 31,795 | 35,149 |
| >3 months and <=6 months | 22,181 | 36,487 | 33,732 | 37,423 | 40,410 | 35,643 | 28,759 |
| >6 months and <=1 year | 49,897 | 75,484 | 60,809 | 54,463 | 48,584 | 48,130 | 49,772 |
| >1 year and <=2 years | 62,622 | 37,386 | 48,278 | 51,426 | 52,860 | 54,696 | 56,855 |
| >2 years and <=3 years | 13,027 | 8,154 | 24,120 | 26,457 | 26,987 | 27,297 | 27,586 |
| >3 years and <=4 years | 801 | 1,235 | 4,814 | 5,412 | 5,821 | 6,360 | 7,340 |
| >4 years and <=5 years | 846 | 3,831 | 7,122 | 7,319 | 7,325 | 7,245 | 6,847 |
| >5 years | 27 | 28 | 16 | 8 | 12 | 12 | 13 |
| Residential investor property use ($m) | |||||||
| Total | 74,921 | 84,323 | 88,558 | 88,640 | 88,774 | 88,980 | 89,176 |
| Floating | 10,027 | 9,811 | 9,294 | 9,333 | 9,759 | 9,896 | 9,841 |
| Fixed | 64,894 | 74,512 | 79,264 | 79,307 | 79,014 | 79,083 | 79,335 |
| =>1 day and <=3 months | 9,505 | 12,226 | 12,364 | 11,725 | 12,018 | 13,008 | 14,341 |
| >3 months and <=6 months | 9,160 | 14,782 | 13,732 | 15,161 | 16,355 | 14,492 | 11,783 |
| >6months and <=1 year | 19,773 | 31,186 | 24,849 | 22,211 | 19,770 | 19,867 | 20,683 |
| >1 year and <=2 years | 21,274 | 11,855 | 16,014 | 17,012 | 17,422 | 18,038 | 18,726 |
| >2 years and <=3 years | 4,562 | 2,529 | 7,877 | 8,535 | 8,657 | 8,744 | 8,715 |
| >3 years and <=4 years | 283 | 466 | 1,695 | 1,884 | 2,019 | 2,224 | 2,651 |
| >4 years and <=5 years | 323 | 1,459 | 2,730 | 2,775 | 2,769 | 2,706 | 2,430 |
| >5 years | 15 | 8 | 3 | 3 | 4 | 4 | 6 |
| Business loans secured by residential property ($m) | |||||||
| Total | 5,193 | 5,081 | 5,191 | 5,198 | 5,237 | 5,279 | 5,278 |
| Floating | 1,737 | 1,599 | 1,514 | 1,485 | 1,576 | 1,624 | 1,565 |
| Fixed | 3,456 | 3,482 | 3,677 | 3,713 | 3,662 | 3,655 | 3,713 |
| =>1 day and <=3 months | 793 | 862 | 714 | 699 | 744 | 812 | 871 |
| >3 months and <=6 months | 463 | 629 | 626 | 685 | 713 | 626 | 482 |
| >6 months and <=1 year | 883 | 1,206 | 1,032 | 919 | 788 | 765 | 830 |
| >1 year and <=2 years | 1,064 | 551 | 705 | 752 | 755 | 777 | 842 |
| >2 years and <=3 years | 202 | 163 | 403 | 438 | 442 | 448 | 449 |
| >3 years and <=4 years | 34 | 27 | 85 | 89 | 91 | 93 | 107 |
| >4 years and <=5 years | 18 | 45 | 113 | 130 | 129 | 133 | 133 |
| >5 years | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Data is sourced from the Reserve Bank’s Bank Balance Sheet Survey.
Most data starts in 31/12/2016 when the Bank Balance Sheet Survey replaced the Standard Statistical Return (SSR). However, some data has been backdated to provide long-run consistent data. The back series has been estimated using data from the SSR. Asset quality data starts from March 2018.
Data is reported at market values, where applicable, and 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.
Data is published on the last working day of the month.
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.
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.
Find out more about the Reserve Bank Act 1989.
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 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.
All currency held by registered banks. Includes both notes and coins issued or authorised by the Reserve Bank of New Zealand (RBNZ) and all foreign currency notes and coin held that has been issued or authorised by offshore central banks or governments.
Deposits are amounts which are redeemable or withdrawable from another bank or financial institution and are not debt securities or held as available for sale.
Demand balances are amounts which are redeemable or withdrawable from another bank or financial institution on demand (balances are on call) and are not debt securities or held as available for sale.
Other deposits comprise all claims, other than demand deposits, that are represented by evidence of deposit. Includes all time or term deposits that have a maturity of greater than 1 day and also includes cash collateral placed in relation to derivative trades.
Debt securities are negotiable instruments serving as evidence of a debt; can be bought or sold between two parties and have basic terms defined, such as notional amount (amount borrowed), interest rate and maturity/renewal date. Debt securities include government bonds, corporate bonds, CDs, local body bonds, preference stock, collateralised securities and zero-coupon securities. Includes both Available for sale and Trading securities.
Available for sale securities that are non-derivative financial assets that are designated as available for sale.
Trading securities are financial instruments acquired principally for selling in the short-term or securities that are part of a portfolio which is managed for short term profit-taking. Trading securities are held at fair value with gains and losses being recorded in profit or loss in accordance with NZ GAAP.
Loans and advances (or receivables) are financial assets with fixed or determinable payments that are not quoted in an active market. Loans are financial assets that (1) are created when a creditor lends funds directly to a debtor, and (2) are evidenced by non-negotiable documents.
Adjustments currently included in ‘Net loans & advances’ as reported in Disclosure Statements.
Securities purchased under agreement to re-sell with counterparties (including with the RBNZ).
Shares are referred to as equity and represent ownership of part of a company. Shares can be listed, unlisted or units in investment funds.
Derivatives are instruments that derive their value from an underlying asset, an underlying liability, an index, or reference rate. Derivatives in an asset position are contracts where the market value of the closing position is positive at the reporting date.
All other assets not classified including insurance assets, accounts receivable, dividends receivable, tax assets, property plant & equipment, goodwill and intangibles.
Deposits are standard, non-negotiable contracts open to the public that allow the placements of variable amounts of funds and the later withdrawal. Deposits exclude any debt securities but include redeemable shares issued by building societies to customers
These include balances where the purpose of the account is primarily for making transactions or "every day" banking by customers. Balances are on call.
These include balances where the purpose of the account is primarily for saving. For some balances disincentives may apply if used for transaction purposes i.e. a “penalty” may apply such as loss of bonus interest. Balances are on call.
Customer time or term deposits with a maturity of greater than 1 day.
Adjustments currently included in ‘Total deposits’ as reported in Disclosure Statements.
Debt securities are negotiable instruments serving as evidence of a debt; can be bought or sold between two parties and have basic terms defined, such as notional amount (amount borrowed), interest rate and maturity/renewal date. Debt securities issued include CDs, preferred stock, collateralised securities (such as CDOs, CMOs, GNMAs) and zero-coupon securities. Includes Short-term, Subordinated, and Other long-term debt securities.
Debt securities issued comprises securities issued in New Zealand and issued offshore.
Debt securities that have an original term to maturity of 1 year or less.
Tradable subordinated debt securities (not loans) as defined under the Basel Capital Adequacy framework including those held by parents and related parties.
All other debt securities that have an original term to maturity of greater than 1 year.
Adjustments currently included in ‘Total debt securities’ as reported in Disclosure Statements.
Borrowing is a loan to the bank. A loan is a financial liability created when funds are borrowed directly from a lender and are evidenced by documents that are not negotiable. Includes Subordinated and Other borrowed funds. Also includes Securities sold under agreement to repurchase.
Subordinated loans as defined under the Basel Capital Adequacy framework.
Securities sold under agreements to repurchase with banks (including with the RBNZ).
All other borrowing from parents (except subordinated borrowings and subordinated debt securities), cash collateral received in relation to derivative trades, and all other funding not classified as deposits or securities.
Adjustments currently included in ‘Total borrowing’ as reported in Disclosure Statements.
Derivatives are instruments that derive their value from an underlying asset, an underlying liability, an index or reference rate. Derivatives in a liability position are contracts where the market value of the closing position is negative at the reporting date.
All liabilities not already classified.
Ordinary share capital on issue.
Preference shares have a priority over dividend payments and to the assets of the reporting company.
Profits that are not distributed to shareholders as dividends but are kept as a reserve for specific purposes.
Profits that are not distributed to shareholders as dividends but are reinvested in the bank.
Any equity not separately identified including branch capital.
Persons, companies and other entities that are ordinarily domiciled or have a principal centre of economic interest in New Zealand.
This sector consists of resident financial institutions that mainly pursue financial services.
The major subsectors are:
Non-financial businesses consist of resident business enterprises that produce goods and non- financial services to sell at competitive market prices that are sufficient to generate a profit or surplus in the long term. Includes residential investor property use loans.
General government comprises:
Central government includes organisational units of central government responsible for functions such as taxation, law and order, defence, and those responsible for advancing the economic and social well-being of the country in other ways.
This sector consists of territorial authorities and regional councils, as well as other non-market units and non-profit institutions they control. They are responsible for functions such as town planning, providing local infrastructure, libraries, museums and sports grounds.
This sector includes organisations that provide goods or services to their members, or to other households, without charge or at prices that are not economically significant.
The main kinds of organisations included are:
This sector includes individuals, family trusts and estates.
Persons, companies and other entities that are ordinarily domiciled or have a principal centre of economic interest in a country other than New Zealand. Includes Financial institutions abroad, Sovereign abroad, Non-financial business abroad, and Households abroad.
Non-New Zealand sovereigns, Supranational, and quasi-sovereign entities.
This sector consists of non-resident financial institutions that mainly pursue financial services.
Includes non-resident business enterprises that produce goods and non-financial services to sell at competitive market prices that are sufficient to generate a profit or surplus in the long term.
This sector includes individuals, family trusts and estates ordinarily domiciled or have a principal centre of economic interest in a country other than New Zealand.
All other non-resident entities not already classified.
Housing comprises:
Owner occupiers are borrowers who own or are in the process of buying or building the house or flat they will live in as their principal place of residence. An owner can occupy more than one property e.g. a family home and a holiday home. Only households can have owner occupier property use loans.
Investors are entities or persons borrowing for the purpose of building or purchasing residential property to rent. This includes ‘Mum and dad’ investor loans and any person(s) that have a separate residential investor property use loan which is not for their normal business purpose.
Personal or consumer loans which are not fully secured on residential property including overdrafts, credit cards, and term loans.
Business loans comprise:
Excludes agriculture loans.
Includes:
Includes primarily commercial property for capital value appreciation and associated cash flows.
Includes primarily construction of office, retail or other commercial developments.
Includes primarily residential sub-division and residential apartment developments.
All other business loans that are not for commercial property. Excludes agriculture loans.
Business loans to the agriculture industry (ANZSIC06) including:
Does not include any loans to the agriculture industry for residential investor property use.
Loans to financial institutions. Does not include any loans to financial institutions for residential investor property use.
All other loans to general government. non-profit institutions serving households.
Loans that have no scheduled principal repayment. This does not include revolving credit loans that have a fixed limit or revolving credit loans that have a scheduled reducing limit.
Revolving credit loans are loans that have a fixed limit but no scheduled principal repayment. Such loans can be redrawn and paid back repeatedly within approved limits without further credit approval. This does not include revolving credit loans that have a scheduled reducing limit.
Loans that have scheduled principal repayment, e.g. table loans. This includes revolving credit loans that have a scheduled reducing limit.
Available balance is below zero (overdrawn).
Outstanding loans originated and still managed via credit cards.
Loan that is repaid in regular payments over a set period of time. Does not include term loans fully secured by residential property.
All other loans and advances not included elsewhere.
Loans secured by a mortgage over a residential property. Excludes loans cross collateralised between residential property and other assets where the share attributable to the residential property can not be identified.
Owner occupiers are borrowers who own or are in the process of buying or building the house or flat they will live in as their principal place of residence. An owner can occupy more than one property e.g. a family home and a holiday home.
Investors are entities or persons borrowing for the purpose of building or purchasing residential property to rent. This includes ‘Mum and dad’ investor loans and any person(s) that have a separate residential investor property use loan which is not for their normal business purpose.
Business lending where the only security type is a residential mortgage loan. The borrower declares that the loan is for business purposes as part of the loan application. Excludes loans cross collateralised between residential property and other assets where the share attributable to the residential property can not be identified.
Floating rate loans where the interest rate can or does change the following business day and offset loans.
All other loans that are not floating or non-interest bearing, which are reporting in the bucket in which the interest rate resets. Loans are reported on a non-amortised basis i.e. the fully outstanding loan principal is reported in the time bucket in which the loan’s interest rate is re-priced or reset.
The Australian and New Zealand Standard Industrial Classification (ANZSIC) 2006 is used to compile and analyse industry statistics in New Zealand and Australia.
Data for loans by (ANZSIC) industry (S34) will not align with loans by sector (S30) or purpose (S31). For example:
Business loans are categorised by the size of their business turnover. Further guidance on loans by business size can be found in the Bank Balance Sheet definitions. Business loans by size is a breakdown of business loans in Table S31.
Turnover less than $1m.
Turnover greater than $1m and less than $50m.
Turnover greater than $50m.
Small and medium enterprise loans.
Gross loans and advances.
A loan or advance is impaired when one or more events occur that cause a lender to believe they will not receive all of the future principal and interest repayments that have been contractually agreed with the borrower. These events could include: the borrower entering significant financial difficulty or bankruptcy; the borrower failing to make repayments as required and the loan becoming past due; the contractual agreement between the lender and borrower being restructured or amended; the borrower breaching covenants or other terms and conditions that have been contractually agreed with the lender.
A loan or advance is past due when the borrower fails to make a payment (of principal and/or interest) when that payment was contractually due. When a borrower has failed to make repayments on a loan for 90 or more days, that loan is 90 days past due.
The total value of loans and advances that are 90 days past due plus impaired loans.
Ratio of total non-performing loans to total loans.
An allowance for expected credit impairment loss on individual loans and advances where the borrower is having difficulty servicing the loan, or where a loan or advance becomes non-performing.
An allowance for anticipated credit impairment loss from groups of loans and advances.
The table S50 Loans by Asset Quality will not align with series published in table S31 Loans by Purpose due to business loans fully secured by residential property not being collected with a detailed Asset Quality breakdown. Business loans fully secured by residential property are published in Table S33 Loans fully secured by residential mortgage, by time until next repricing.
The New Zealand dollar equivalent of foreign currency balances.
| 0 | Zero or value rounded to zero |
| - | Not applicable |
| .. | Not available |
| bold | Revised/new |
| italics | Provisional |
| light red background | Historical |