Your browser is not supported

Our website does not support the browser you are using. For a better browsing experience update to a compatible browser like the latest browsers from Chrome, Firefox and Safari.

Registered banks and non-bank lending institutions: Sector lending (C5)

This data summarises lending by banks and non-bank lending institutions in New Zealand. It covers housing, personal, business and agricultural lending.

Released:: 28 February 2023
Next Release:: 31 March 2023
Periodicity:: Monthly
Source:: Reserve Bank of New Zealand

Data files

	Previous years:		Monthly:
	Jan 2021	Jan 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023
Housing ($m)
Total	302,425	332,662	342,237	343,184	344,465	345,535	346,149
Registered banks¹	298,830	327,448	336,147	337,073	338,404	339,535	340,208
Non-bank lending institutions²	3,595	5,215	6,090	6,111	6,061	6,000	5,941
Personal consumer ($m)
Total	14,778	13,743	13,346	13,463	13,659	13,783	13,753
Registered banks	8,444	7,664	7,302	7,415	7,556	7,550	7,495
Non-bank lending institutions²	6,335	6,079	6,044	6,048	6,103	6,234	6,259
Housing and personal consumer ($m)
Total	317,203	346,405	355,583	356,647	358,124	359,319	359,902
Registered banks	307,274	335,112	343,449	344,488	345,960	347,085	347,703
Non-bank lending institutions	9,929	11,293	12,134	12,159	12,164	12,234	12,200
Business ($m)
Total	116,223	123,746	131,254	131,802	133,310	132,925	132,171
Registered banks	109,481	116,296	122,894	123,381	124,811	124,286	123,603
Non-bank lending institutions²	6,742	7,450	8,360	8,422	8,499	8,639	8,568
Agriculture ($m)
Total	62,591	61,907	62,035	61,999	61,995	61,980	62,206
Annual growth rate (%)
Housing³	8.6	10.0	5.7	5.2	4.8	4.4	4.1
Personal consumer³	-12.2	-6.8	1.1	1.2	0.3	1.2	2.1
Housing and personal consumer³	7.5	9.2	5.5	5.0	4.6	4.3	4.0
Business³	-3.8	6.1	8.9	8.2	8.3	7.9	6.7
Agriculture³	-1.1	-1.1	-0.4	-0.3	0.0	0.3	0.5

_{[1] Loans fully secured on residential property for business use are included under business or agriculture loans.} _{[2] A list of series breaks for Household Funding and Sector Lending are available in the background notes.} _{[3] Annual growth rates have been break-adjusted, reflecting the underlying market change.}

Non-bank lending institutions data includes revisions and a series break

31 October 2022

Today’s publication of non-bank lending institutions data includes revisions to data between March 2021 and June 2022 inclusive, as we now have updated data from our respondents. This has resulted in insignificant changes to data in:

Sector lending – Table C5 housing, consumer and business lending figures and growth rates
Non-bank lending institutions balance sheet data in Tables T1 to T31

Today’s publication also includes a reclassification of non-bank lending from consumer to business, totalling approximately $83m.

If you have any questions please contact [email protected]

Household series break

31 May 2022

In April 2022, a registered bank reclassified lending from Households - Personal consumer to Financial institutions, totalling approximately $186m. Approximately $183m of Household deposits have also been reclassified.

If you have any questions please contact [email protected].

The data: coverage, periodicity, and timeliness

Coverage

Lending by registered banks and non-bank lending institutions (NBLIs) for the following purposes:

housing
personal consumer
business
agriculture.

Data is sourced from our Bank Balance Sheet Survey and Non-bank Standard Statistical Return.

The Bank Balance Sheet Survey started 31 December 2016. Before this, data was estimated from the Standard Statistical Return (SSR).

Data is reported at market values, where applicable, 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.

Further breakdown of lending by registered banks can be found in table S31.

View Table S31 – Loans by purpose

Non-bank sector lending can also be found in table T4. Note that we publish data for this table quarterly.

View Table T4 – Funding and claims by sector

Periodicity and Timeliness

We publish data on the last working day of the month.

Access by the public

Data Release

View data in our Statistics section

Statistics release calendar

The statistics release calendar provides a long-term 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

We generally publish revisions when we update and release the next table. 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

See the Survey template and definitions.

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

Disclosure statements published by registered banks offer checks for reasonableness.

Series breaks

Series breaks occur when data are affected by survey changes that are not 'organic' but arise from one period to another because of factors such as the introduction of a new bank to the survey, a bank relinquishing its registration, the sale of assets, merger with another institution, or a change in substance in business practice that interrupts a 'like for like' time series.

The sector lending annual growth rates are adjusted for series breaks.

Series breaks for key balance sheet components for registered banks and non-bank lending institutions (NBLIs) are displayed for these tables.

View the Series breaks (PDF 21 KB)