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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:
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


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.