| Previous years: | Monthly: | ||||||
|---|---|---|---|---|---|---|---|
| Oct 2022 | Oct 2023 | Jun 2024 | Jul 2024 | Aug 2024 | Sep 2024 | Oct 2024 | |
| Net credit to non-residents ($m) | |||||||
| Net credit to non-residents (A1-A2) | -108,706 | -96,040 | -84,878 | -85,511 | -81,794 | -82,562 | -84,939 |
| A1. Credit to non-residents | 74,593 | 78,989 | 72,200 | 82,589 | 78,108 | 77,143 | 82,672 |
| A2. Less: Liabilities to non-residents | 183,299 | 175,029 | 157,078 | 168,100 | 159,902 | 159,705 | 167,610 |
| Domestic credit ($m) | |||||||
| Domestic credit (B+C) | 590,666 | 598,075 | 595,544 | 600,904 | 596,502 | 600,988 | 602,046 |
| B. Net credit to central government | 42,453 | 37,333 | 27,636 | 31,563 | 24,875 | 27,448 | 26,432 |
| C. Private sector credit | 548,213 | 560,742 | 567,908 | 569,341 | 571,627 | 573,540 | 575,615 |
| C1. Credit to other financial corporations | 13,469 | 12,880 | 12,114 | 13,133 | 12,568 | 12,842 | 13,285 |
| C2. Credit to local government | 7,219 | 7,841 | 7,655 | 7,762 | 8,444 | 8,660 | 8,789 |
| C3. Credit to public non-financial business | 1,467 | 1,504 | 1,300 | 1,311 | 1,395 | 1,533 | 1,473 |
| C9. Credit to other private sectors | 526,058 | 538,516 | 546,839 | 547,135 | 549,219 | 550,505 | 552,068 |
| Broad money ($m) | |||||||
| Broad money (D1 to D9) | 393,508 | 405,884 | 412,948 | 416,089 | 415,026 | 417,104 | 418,981 |
| D1. Currency held by the public | 8,373 | 8,428 | 8,428 | 8,390 | 8,403 | 8,419 | 8,442 |
| D2. Transaction deposits | 123,242 | 110,139 | 109,264 | 108,520 | 107,132 | 108,206 | 108,728 |
| D3. Other deposits | 261,894 | 287,316 | 295,255 | 299,178 | 299,490 | 300,480 | 301,811 |
| D9. Securities other than shares | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other liabilities ($m) | |||||||
| Debt securities excluded from broad money | 29,234 | 33,234 | 33,524 | 33,008 | 31,906 | 31,986 | 33,745 |
| Borrowings | 1,313 | 480 | 411 | 471 | 288 | 259 | 464 |
| Financial derivatives | 6,390 | 5,549 | 3,701 | 3,449 | 4,857 | 4,960 | 3,132 |
| Equity ($m) | |||||||
| Equity | 59,455 | 66,496 | 67,984 | 68,991 | 69,532 | 68,393 | 69,350 |
| Net other items ($m) | |||||||
| Net other items | -7,940 | -9,607 | -7,902 | -6,615 | -6,901 | -4,275 | -8,565 |
Revisions to historical data
30 August 2024
Today’s publication of Bank Balance Sheet data includes revisions to historical data between March 2024 to June 2024 inclusive, as we now have updated data from our respondents. This has resulted in minor changes to data in:
- C5 Sector lending (banks and non-bank lending institutions)
- C50 Money and credit aggregates (depository corporations)
- C51 Other depository corporations analytical accounts
- C52 Depository corporations analytical accounts
- 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 and Repos by Industry
- S35 Banks: Assets – Loans by business size
- S36 Banks: Assets – Business loans by product
- S40 Banks: Liabilities – Deposits by sector
- S41 Banks: Liabilities – Deposits by industry
- S42 Banks: Liabilities – Deposits by repricing
- S45 Banks: Liabilities – Deposits by size (value)
- S46 Banks: Liabilities – Deposits by size (number)
- S50 Banks: Assets – Loans by asset quality
- S51 Banks: Assets – Business loans by asset quality
If you have any questions, please contact [email protected]
Coverage
Assets of depository corporations presented as claims on other resident institutional sectors and non-residents, and liabilities presented by category of financial instrument in order of their liquidity.
Depository corporations comprise:
- Reserve Bank of New Zealand
- registered banks.
We source data from our Balance Sheet and our Bank Balance Sheet Survey of New Zealand registered banks.
Periodicity and timeliness
We publish data on the last working day of the month.
Access by the public
Data release
We release data 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.
View the statistics release calendar
Integrity
Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses
We collect data under Sections 36 and 93 of the Reserve Bank of New Zealand Act 1989 (the Act).
Read the Reserve Bank of New Zealand Act 1989
We only publish aggregated data. Individual institutional data is confidential.
Provision of information about revisions and advance notice of major changes in methodology
We generally publish revisions when the table is next due to be updated and released. Should we need to make revisions more promptly, we post a ‘special note’ on the website.
We post any major changes in methodology on the website as a ‘special note’.
Quality
Dissemination of documentation on methodology and sources used in preparing statistics
We compile the analytical accounts in line with the Monetary and Financial Statistics Manual and Compilation Guide (IMF 2016).
Read the Monetary and Financial Statistics Manual and Compilation Guide (IMF 2016)
Depository corporations
Reserve Bank of New Zealand
The Reserve Bank of New Zealand is New Zealand’s central bank.
Registered banks
Consolidated group of banks operating in New Zealand and registered with us.
View the list of banks operating in New Zealand
Counterparts
Net credit to non-residents
Net credit to non-resident is calculated as credit to non-residents less liabilities to non-residents.
Credit to non-residents
Claims on non-residents by registered banks including:
- debt securities
- loans and repos
- other claims.
Liabilities to non-residents
Liabilities to non-residents from the Reserve Bank of New Zealand and registered banks including:
- deposits
- other liabilities.
Domestic credit
Domestic claims comprises:
- net credit to central government
- credit to other sectors (private sector credit).
Net credit to central government
Net credit to central government is calculated as credit to central government less liabilities to central government.
Deposits
Deposits with the Reserve Bank of New Zealand.
Other credit to the Reserve Bank of New Zealand
Other claims to the Reserve Bank of New Zealand comprises:
- debt securities
- repos
- financial derivatives.
Net credit to central government
Net credit to central government is calculated as credit to central government less liabilities to central government.
Credit to central government
Claims on central government by the Reserve Bank of New Zealand and registered banks including:
- debt securities
- loans and repos
- ·other claims.
Liabilities to central government
Liabilities to central government from the Reserve Bank of New Zealand and registered banks including:
- deposits
- other liabilities.
Private sector credit
Private sector credit (also known as claims on other sectors) comprises:
- debt securities
- loans and repos
- other claims.
Debt securities
Debt securities issued by the Reserve Bank of New Zealand and registered banks to the private sector:
- other financial corporations
- local government
- public non-financial business
- other private sectors.
Loans
Loans and repos by registered banks to the private sector:
- other financial corporations
- local government
- public non-financial business
- other private sectors.
Other claims
Other claims (deposits, derivatives) by the Reserve Bank of New Zealand and registered banks on the private sector:
- other financial corporations
- local government
- public non-financial business
- other private sectors.
Other financial corporations
Insurance companies, pension funds and other non-deposit taking financial institutions.
Local government
Local authorities.
Public non-financial business
Government and local authority trading enterprises.
Other private sectors
Non-financial business, households and non-profit institutions serving households.
Broad money
Broad money
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value.
Currency held by the public
Currency we issue less any currency held by registered banks. Also known as notes and coins in the hands of the public.
Transaction deposits
Deposit balances where the purpose of the account is primarily for making transactions or ‘every day’ banking by customers. Balances are on call.
Other deposits
Other components of broad money comprises:
- savings deposits
- term deposits
- other.
Savings deposits
Deposit balances where the purpose of the account is primarily for saving. For some balances disincentives may apply if used for transaction purposes; that is, a ‘penalty’ may apply, such as loss of bonus interest. Balances are on call.
Term deposits
Customer time or term deposits with a maturity of greater than one day.
Other
Short-term debt securities issued by registered banks.
Other liabilities
Debt securities excluded from broad money
Debt securities we issue and registered banks that are not included in broad money.
Borrowings
Loans and repos of the Reserve Bank of New Zealand and registered banks.
Financial derivatives
Financial derivatives of the Reserve Bank of New Zealand and registered banks.
Other
Equity
Funds contributed by the owners, reserves and retained earnings of the Reserve Bank of New Zealand and registered banks.
Net other items
Other liabilities less other assets, consisting of all liabilities and assets not included elsewhere, and inter-bank consolidation adjustment.
Symbols and conventions for summary table
| Symbol or convention | Definition |
|---|---|
| 0 | Zero or value rounded to zero |
| - | Not applicable |
| .. | Not available |
| bold | Revised/new |
| italics | Provisional |
| Light grey 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.