Banks: Assets – Loans fully secured by residential mortgage by repricing ($m) - S33

Coverage, Periodicity, and Timeliness of Data

Coverage

Data is sourced from the Reserve Bank’s Bank Balance Sheet Survey.

• S10 Banks: Balance sheet
• S30 Banks: Assets – Loans by sector
• S31 Banks: Assets – Loans by purpose
• S32 Banks: Assets – Loans by product
• S33 Banks: Assets – Loans fully secured by residential mortgage by repricing
• S34 Banks: Assets – Loans by industry
• S40 Banks: Liabilities – Deposits by sector
• S41 Banks: Liabilities – Deposits by industry

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.

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.

Periodicity and Timeliness

Access by the Public

Data Release

Data is released in the 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.

Integrity

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

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.

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’.

Quality

Dissemination of documentation on methodology and sources used in preparing statistics

A copy of the survey template and definitions is available from our Surveys page.

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

Disclosure statements published by registered banks offer checks for reasonableness.

Assets

Cash (notes & coin)

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 (with depository institutions)

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 deposits

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

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

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

Available for sale securities that are non-derivative financial assets that are designated as available for sale.

Trading securities

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 & advances

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.

Other net adjustments for loans and advances

Adjustments currently included in ‘Net loans & advances’ as reported in Disclosure Statements.

Securities purchased under agreement to resell

Securities purchased under agreement to re-sell with counterparties (including with the RBNZ).

Shares & other equity investments

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 in an asset position

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.

Other assets

All other assets not classified including insurance assets, accounts receivable, dividends receivable, tax assets, property plant & equipment, goodwill and intangibles..

Liabilities

Deposits

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

Transaction balances

These include balances where the purpose of the account is primarily for making transactions or "every day" banking by customers. Balances are on call.

Savings balances

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.

Term deposit balances

Customer time or term deposits with a maturity of greater than 1 day.

Other net adjustments for deposits

Adjustments currently included in ‘Total deposits’ as reported in Disclosure Statements.

Debt securities (issued)

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.

Short-term debt securities
( ≤ 1 year)

Debt securities that have an original term to maturity of 1 year or less.

Subordinated debt securities
( > 1 year)

Tradable subordinated debt securities (not loans) as defined under the Basel Capital Adequacy framework including those held by parents and related parties.

All other long-term debt securities
( > 1 year)

All other debt securities that have an original term to maturity of greater than 1 year.

Other net adjustments for debt securities

Adjustments currently included in ‘Total debt securities’ as reported in Disclosure Statements.

Borrowings

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

Subordinated loans as defined under the Basel Capital Adequacy framework.

Securities sold under agreement to repurchase

Securities sold under agreements to repurchase with banks (including with the RBNZ).

All other borrowed funds

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.

Other net adjustments for borrowings

Adjustments currently included in ‘Total borrowing’ as reported in Disclosure Statements.

Derivatives in a liability position

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.

Other liabilities

All liabilities not already classified.

Equity

Ordinary shares

Ordinary share capital on issue.

Preference shares

Preference shares have a priority over dividend payments and to the assets of the reporting company.

Reserves

Profits that are not distributed to shareholders as dividends but are kept as a reserve for specific purposes.

Retained earnings

Profits that are not distributed to shareholders as dividends but are reinvested in the bank.

Other

Any equity not separately identified including branch capital.

Sector

Residents

Persons, companies and other entities that are ordinarily domiciled or have a principal centre of economic interest in New Zealand.

Financial businesses

This sector consists of resident financial institutions that mainly pursue financial services.

The major subsectors are:

• Reserve Bank of New Zealand
• Registered banks
• Other depository institutions
• Other financial institutions

Non-financial businesses

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.

General government

General government comprises:

• Central government
• Local government

Central government

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.

Local government

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.

Non-profit institutions serving households (NPISH)

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:

• Community and social groups
• Philanthropic organisations

Households

This sector includes individuals, family trusts and estates.

Non-residents

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.

Sovereign abroad

Non-New Zealand sovereigns, Supranational, and quasi-sovereign entities.

Financial institutions abroad

This sector consists of non-resident financial institutions that mainly pursue financial services.

Non-financial business abroad

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.

Households abroad

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.

Other abroad

All other non-resident entities not already classified.

Loan purpose

Housing

Housing comprises:

• Owner occupier property use
• Residential investor property use

Owner occupier property use

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.

Residential investor property use

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 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.

Commercial property

Includes:

• Investment property
• Property development - commercial
• Property development - residential

Investment property

Includes primarily commercial property for capital value appreciation and associated cash flows.

Property development - commercial

Includes primarily construction of office, retail or other commercial developments.

Property development - residential

Includes primarily residential sub-division and residential apartment developments.

Other business

All other business loans that are not for commercial property. Excludes agriculture loans.

Agriculture loans

Business loans to the agriculture industry (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.

Financial institutions loans

Loans to financial institutions. Does not include any loans to financial institutions for residential investor property use.

Other loans

All other loans to general government. non-profit institutions serving households.

Loan product

Interest only

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

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.

Principal & interest

Loans that have scheduled principal repayment, e.g. table loans. This includes revolving credit loans that have a scheduled reducing limit.

Overdraft (personal consumer)

Available balance is below zero (overdrawn).

Credit cards (personal consumer)

Outstanding loans originated and still managed via credit cards.

Term loans (personal consumer)

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

All other loans and advances not included elsewhere.

Loans fully secured by residential mortgage

Loans fully secured by residential mortgage

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 occupier property use

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.

Residential investor property use

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 loans secured by residential property

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.

Loan repricing

Floating

Floating rate loans where the interest rate can or does change the following business day and offset loans.

Fixed

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.

ANZSIC

ANZSIC 2006

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:

• Loans by (ANZSIC) industry (S34) includes securities purchased under agreement to resell (repos).
• Loans to the Public administration and safety industry does not include crown entities (S34). Loans to crown entities are included in the General government sector (S30).
• Loans to ACC and EQC are included in the Insurance industry (S34). Loans to ACC and EQC are included in the General government sector (S30).
• Loans to District Health Boards (DHBs) are included in the Health care & social assistance industry (S43). Loans to DHBs are included in the General government sector (S30).
• Loans to the Agriculture industry includes loans for residential investor property use and loans to crown entities involved in agriculture (S34). The loans for Agriculture purposes does not include residential investor property use or loans to crown entities involved in agriculture (S31).
• Loans to the Rental, hiring & real estate surveys includes loans for Residential investor property use (S34).

Other

Foreign currency (FX)

The New Zealand dollar equivalent of foreign currency balances.