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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:
May 2022 May 2023 Jan 2024 Feb 2024 Mar 2024 Apr 2024 May 2024
Housing ($m)
Total 338,373 348,865 356,545 357,274 358,401 359,280 360,603
Registered banks1 332,536 343,244 350,393 351,217 352,396 353,261 354,658
Non-bank lending institutions2 5,837 5,620 6,152 6,058 6,005 6,019 5,945
Personal consumer ($m)
Total 13,688 14,162 14,788 14,813 14,735 14,696 14,584
Registered banks 7,314 7,463 7,730 7,742 7,705 7,687 7,580
Non-bank lending institutions2 6,375 6,699 7,058 7,072 7,030 7,009 7,004
Housing and personal consumer ($m)
Total 352,062 363,027 371,333 372,088 373,136 373,977 375,187
Registered banks 339,850 350,708 358,123 358,958 360,101 360,948 362,238
Non-bank lending institutions 12,212 12,319 13,210 13,129 13,035 13,029 12,948
Business ($m)
Total 127,610 132,137 133,968 134,807 135,022 134,819 136,020
Registered banks 119,772 123,327 124,809 125,584 125,620 125,587 126,734
Non-bank lending institutions2 7,838 8,810 9,158 9,223 9,402 9,232 9,287
Agriculture ($m)
Total 61,622 62,586 62,726 62,858 62,890 62,577 63,084
Annual growth rate (%)
Housing3 7.5 3.1 2.9 3.0 3.1 3.1 3.3
Personal consumer3 -5.5 4.1 4.1 3.7 3.5 2.8 2.4
Housing and personal consumer3 6.9 3.1 3.0 3.0 3.1 3.1 3.2
Business3 9.0 3.5 1.4 1.7 2.2 1.6 3.0
Agriculture3 -1.0 1.6 0.8 1.0 0.9 0.6 0.8
[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.

Impact of the sale of HSBC’s housing loan book on RBNZ statistics

31 January 2024

On 1st December 2023, HSBC completed the sale of their housing loan book to Pepper Money. This has shifted housing loans from the banking sector to the non-bank lending institutions (NBLI) sector, with series breaks being applied for both sectors for the Dec-23 period in our statistics. The banking sector has seen a decline of approx. $1.055b, while the NBLI sector has risen approx. $1.2b as a result of this sale. The difference between the two amounts relates to undrawn commitments, which are included in the reported values for NBLIs but not for banks. This is because bank and NBLI data, which is published in our C5 web table, are collected from different returns. NBLIs are required to complete our standard statistical return, which reports both drawn and undrawn amounts together, while data for banks is collected from the bank balance sheet return, which separates drawn and undrawn lending. Bank undrawn commitments are excluded from our housing statistics.

In addition to the $1.2b adjustment for NBLI’s, a further $100m break was also applied for Dec-23 due to other reporting adjustments, resulting in an overall break of $1.3b. The break adjustments have not been applied to the stock levels visible in our published statistics, and therefore the figures presented show the actual lending stocks as at the end of each month.

Annual growth rates are break adjusted, with the $245m difference between the bank and NBLI breaks being applied as a break at the total housing level. This has resulted in a slight break adjustment to the housing growth rate for Dec-23.

The impact of the HSBC housing loan book sale has more of an impact at the bank & NBLI level. The following chart compares bank housing lending annual growth rates calculated from the stock figures in our web tables versus when they have been adjusted for the break in the series.

Break adjusted bank housing annual growth rate:

Bank housing lending stock annual growth graph

The same has been shown below for NBLI housing lending annual growth:

Series breaks in housing lending are published separately against our C5, S31, S32 & S33 tables for banks, and against our T1-T31 tables for NBLIs.

The bank balance sheet release for December also includes a key points summary. Some figures in this summary have been break adjusted to account for the housing loan sale in our statistics.

Revisions to NBLI data

31 January 2024 December 2023 publication of C5, T1, T4, T21 and T31 includes revisions to NBLI data dating back to Sep-20 as a result of a review of our survey population for this collection. This has resulted in changes to the data in:

  • Sector lending – C5 sector consumer lending for NBLIs with revisions to the annual growth rates. A series break has also been applied to account for the improved coverage to the data collection in Sep-20.
  • Non-bank lending institution balance sheet data in tables, T1, T4, T21 and T31.

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

View all Banks: Balance sheet special notes

The data: coverage, periodicity, and timeliness


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


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.


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 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.