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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.

Released:: 31 August 2023
Next Release:: 29 September 2023
Periodicity:: Monthly
Source:: Reserve Bank of New Zealand

Special note

Publication of new web table - S51

Data files

	Previous years:		Monthly:
	Jul 2021	Jul 2022	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023
Housing ($m)
Total	320,295	340,324	347,489	348,066	348,865	350,042	350,722
Registered banks¹	315,889	334,287	341,658	342,313	343,244	344,508	345,305
Non-bank lending institutions²	4,406	6,037	5,831	5,754	5,620	5,535	5,416
Personal consumer ($m)
Total	14,259	13,283	13,767	13,819	13,767	13,846	13,868
Registered banks	8,026	7,258	7,486	7,520	7,463	7,525	7,546
Non-bank lending institutions²	6,233	6,025	6,281	6,299	6,303	6,322	6,321
Housing and personal consumer ($m)
Total	334,554	353,607	361,256	361,885	362,631	363,889	364,590
Registered banks	323,915	341,545	349,144	349,833	350,708	352,033	352,852
Non-bank lending institutions	10,639	12,062	12,112	12,052	11,924	11,856	11,738
Business ($m)
Total	118,454	128,850	132,135	132,762	132,137	132,656	131,547
Registered banks	111,372	120,908	123,340	123,989	123,327	123,754	122,648
Non-bank lending institutions²	7,082	7,942	8,795	8,774	8,810	8,903	8,899
Agriculture ($m)
Total	62,561	62,146	62,325	62,180	62,586	63,150	63,421
Annual growth rate (%)
Housing³	12.1	6.3	3.5	3.2	3.1	3.1	3.0
Personal consumer³	-4.3	-5.5	4.2	3.9	3.7	4.6	5.1
Housing and personal consumer³	11.3	5.8	3.5	3.3	3.1	3.2	3.1
Business³	0.5	8.6	5.0	4.5	3.5	3.1	2.1
Agriculture³	-1.1	-0.7	1.3	1.2	1.6	1.9	2.1

_{[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.}

Publication of new web table – S51

31 August 2023

On the 31st August 2023, the RBNZ began publishing a new web table:

S51 Banks: Assets – Business loans by asset quality

Data for these tables has been sourced from the bank balance sheet survey.

Series break between housing & business loans

In July 2023, a registered bank reclassified lending from business to housing, totalling approximately $63m

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)