Revisions to historical data
30 August 2024
Today’s publication of Bank Balance Sheet data includes revisions to historical data between March 2024 to June 2024 inclusive, as we now have updated data from our respondents. This has resulted in minor changes to data in:
- C5 Sector lending (banks and non-bank lending institutions)
- C50 Money and credit aggregates (depository corporations)
- C51 Other depository corporations analytical accounts
- C52 Depository corporations analytical accounts
- S10 Banks: Balance sheet
- S30 Banks: Assets – Loans by sector
- S31 Banks: Assets – Loans by purpose
- S32 Banks: Assets – Loans by product
- S33 Banks: Assets – Loans fully secured by residential mortgage by repricing
- S34 Banks: Assets – Loans and Repos by Industry
- S35 Banks: Assets – Loans by business size
- S36 Banks: Assets – Business loans by product
- S40 Banks: Liabilities – Deposits by sector
- S41 Banks: Liabilities – Deposits by industry
- S42 Banks: Liabilities – Deposits by repricing
- S45 Banks: Liabilities – Deposits by size (value)
- S46 Banks: Liabilities – Deposits by size (number)
- S50 Banks: Assets – Loans by asset quality
- S51 Banks: Assets – Business loans by asset quality
If you have any questions, please contact [email protected]
Revisions to Non-bank lending institutions data
31 July 2024
Today’s publication of non-bank lending institutions data includes revisions to data from March 2024 to May 2024, following the annual review of our non-bank respondents. This has resulted in insignificant changes to data in:
- C5: Non-bank housing, consumer and business lending figures and growth rates.
- T1 – T31: Non-bank lending institutions balance sheet data.
If you have any questions, please contact [email protected]
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:
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]
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].
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].