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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.

Previous years: Monthly:
Sep 2022 Sep 2023 May 2024 Jun 2024 Jul 2024 Aug 2024 Sep 2024
Housing ($m)
Total 342,226 352,567 360,570 361,477 362,119 363,248 364,573
Registered banks1 336,147 347,346 354,658 355,660 356,335 357,552 359,000
Non-bank lending institutions2 6,079 5,221 5,912 5,817 5,785 5,696 5,573
Personal consumer ($m)
Total 13,711 14,381 14,600 14,574 14,507 14,558 14,653
Registered banks 7,302 7,585 7,580 7,577 7,491 7,512 7,570
Non-bank lending institutions2 6,409 6,796 7,020 6,996 7,017 7,046 7,083
Housing and personal consumer ($m)
Total 355,937 366,948 375,170 376,051 376,627 377,806 379,226
Registered banks 343,449 354,931 362,238 363,238 363,825 365,064 366,570
Non-bank lending institutions 12,488 12,017 12,932 12,814 12,801 12,742 12,656
Business ($m)
Total 131,254 132,325 135,967 135,499 134,446 135,255 134,914
Registered banks 122,894 123,289 126,619 126,140 125,287 126,143 125,726
Non-bank lending institutions2 8,360 9,036 9,348 9,360 9,160 9,112 9,188
Agriculture ($m)
Total 62,035 62,890 63,106 63,482 63,688 63,868 63,865
Annual growth rate (%)
Housing3 5.7 3.0 3.3 3.2 3.2 3.2 3.3
Personal consumer3 1.9 4.9 2.5 1.8 1.1 1.4 1.3
Housing and personal consumer3 5.5 3.1 3.2 3.1 3.1 3.1 3.3
Business3 8.9 0.9 2.9 2.2 2.2 2.5 2.0
Agriculture3 -0.4 1.4 0.8 0.5 0.4 1.1 1.6
[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.

Revisions to NBLI data & series break in NBLI lending

30 September 2024

Today’s publication of Bank Balance Sheet data includes revisions to NBLI lending data from June 2024 onwards as we have updated data from our respondents. As a result, in July 2024, a non-bank lending institution reclassified $62m in business lending to consumer and housing lending, totaling approximately $43m and $19m respectively.

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

View all Registered banks and non-bank lending institutions Special Notes

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)

Registered banks and non-bank lending institutions

Registered banks

Consolidated banking group of banks operating in New Zealand that are registered by us.

Non-bank lending institutions (NBLIs)

NBLIs are financial institutions with total assets of $5 million or more at the consolidated group level, whose principal business is credit provision and borrowing money from the public and/or other sources.

Loan purpose

Housing

Housing comprises:

  • owner-occupier property use
  • residential investor property use.

Personal consumer loans

Personal or consumer loans that 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 that are fully secured by residential mortgage
  • loans to non-financial businesses that not fully secured by residential mortgage.

Excludes agriculture loans.

Agriculture loans

Business loans for agriculture purposes (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.

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.