| Previous years: | Monthly: | ||||||
|---|---|---|---|---|---|---|---|
| Apr 2024 | Apr 2025 | Dec 2025 | Jan 2026 | Feb 2026 | Mar 2026 | Apr 2026 | |
| Broad money ($m) | |||||||
| Broad money (A+B) | 412,323 | 435,082 | 447,880 | 441,739 | 445,894 | 455,643 | 454,442 |
| A. Narrow money (M1) | 117,773 | 125,554 | 134,663 | 130,122 | 132,962 | 137,977 | 137,839 |
| A1. Currency held by the public | 8,289 | 8,657 | 9,101 | 9,061 | 9,074 | 9,046 | 9,055 |
| A2. Transaction deposits | 109,483 | 116,897 | 125,562 | 121,061 | 123,888 | 128,930 | 128,784 |
| B. Other components of broad money | 294,551 | 309,528 | 313,217 | 311,617 | 312,933 | 317,666 | 316,603 |
| B1. Savings deposits | 106,433 | 111,294 | 113,829 | 113,289 | 113,550 | 114,364 | 115,239 |
| B2. Term deposits | 188,118 | 198,233 | 199,388 | 198,327 | 199,383 | 203,302 | 201,364 |
| Domestic credit ($m) | |||||||
| Domestic credit (C+D) | 594,249 | 614,726 | 640,247 | 633,307 | 638,228 | 639,202 | 636,006 |
| C. Net credit to central government | 28,868 | 28,570 | 31,530 | 23,242 | 25,962 | 24,443 | 23,385 |
| C1. Credit to central government | 77,015 | 65,230 | 66,997 | 66,396 | 66,723 | 67,547 | 66,364 |
| C2. Less: Liabilities to central government | 48,148 | 36,660 | 35,467 | 43,154 | 40,761 | 43,105 | 42,979 |
| D. Private sector credit | 565,381 | 586,156 | 608,717 | 610,065 | 612,266 | 614,759 | 612,621 |
| D1. Loans | 553,992 | 571,931 | 596,248 | 597,792 | 599,069 | 601,107 | 601,175 |
| D2. Debt securities | 7,886 | 9,669 | 8,299 | 8,319 | 8,616 | 8,583 | 7,706 |
| D9. Other | 3,503 | 4,556 | 4,170 | 3,955 | 4,582 | 5,070 | 3,739 |
| Net credit to non-residents ($m) | |||||||
| Net credit to non-residents (E1-E2) | -82,786 | -76,323 | -85,359 | -81,212 | -82,775 | -73,325 | -69,902 |
| E1. Credit to non-residents | 78,268 | 95,853 | 96,301 | 105,316 | 98,470 | 115,097 | 111,166 |
| E2. Less: Liabilities to non-residents | 161,054 | 172,176 | 181,659 | 186,528 | 181,245 | 188,422 | 181,068 |
| Equity ($m) | |||||||
| Equity | -67,834 | -71,278 | -73,899 | -74,227 | -74,571 | -73,580 | -74,055 |
| Net other assets ($m) | |||||||
| Net other assets (F1-F2) | -31,305 | -32,044 | -33,109 | -36,129 | -34,989 | -36,654 | -37,607 |
| F1. Other assets | 15,169 | 16,524 | 17,469 | 17,644 | 17,317 | 16,152 | 18,061 |
| F2. Less: Other liabilities | 46,474 | 48,568 | 50,578 | 53,773 | 52,306 | 52,806 | 55,668 |
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]
The data: coverage, periodicity and timeliness
Coverage characteristics
Components of broad money and the counterparts of broad money for depository corporations.
Depository corporations comprise:
- Reserve Bank of New Zealand
- Registered banks.
We source data from our Balance Sheet and Bank Balance Sheet survey.
Most data started on 31 December 2016 when the Bank Balance Sheet Survey replaced the Standard Statistical Return (SSR). However, we have backdated some data to provide long-run consistent data. We have estimated the back series using data from the SSR.
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 plan of scheduled releases. We update and release it 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 Section 36 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
New data, or revised data, are in bold font. This applies to the summary table only and not Excel files. We generally publish revisions when we update and release the next table. Should we need to make revisions more promptly, we will post a special note on the website. We will also post any major changes in methodology as a special note.
Quality
Dissemination of documentation on methodology and sources used in preparing statistics
The money and credit aggregates are compiled in line with the Monetary and Financial Statistics Manual and Compilation Guide.
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.
Components of 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.
Narrow money (M1)
M1 is the narrowest money aggregate and comprises:
- currency held by the public
- transaction deposits.
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 ‘everyday’ banking by customers. Balances are on call.
Other components of broad money
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
Other components of broad money include:
- short-term debt securities
- money-market funds.
Counterparts of broad money
Domestic credit
Domestic credit 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.
Credit to central government
Our claims and registered banks’ claims on central government including:
- debt securities
- loans and repos
- other claims.
Liabilities to central government
Our liabilities and Zealand and registered banks’ liabilities to central government 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.
Loans
Our loans and repos and those of registered banks to the private sector, including:
- other financial corporations
- non-financial corporations
- local government
- households and NPISHs.
Debt securities
Our debt securities and registered banks’ debt securities issued to the private sector:
- other financial corporations
- non-financial corporations
- local government
- households and NPISHs.
Other private sector claims
Our other claims (deposits, derivatives, equity, trade credit) and those of registered banks on the private sector:
- other financial corporations
- non-financial corporations
- local government
- households and NPISHs.
Net credit to non-resident
Net credit to non-resident is calculated as credit to non-residents less liabilities to non-residents.
Credit to non-resident
Our claims and registered banks’ claims on non-residents including:
- debt securities
- loans and repos
- other claims.
Liabilities to non-residents
Our liabilities and registered banks’ liabilities to non-residents including:
- deposits
- other liabilities.
Equity
Funds that we and registered banks contribute from owners, reserves and retained earnings.
Note that equity is negative as it is presented on the asset-side in the counterparts of broad money.
Net other assets
Net other assets is calculated as other assets less other liabilities.
Other assets
All other assets not included elsewhere.
Other liabilities
All other liabilities not included elsewhere.
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.