Your browser is not supported

Our website does not support the browser you are using. For a better browsing experience update to a compatible browser like the latest browsers from Chrome, Firefox and Safari.

Non banks: Balance sheet (T1)

This is the balance sheet for New Zealand's non-bank lending institutions. Non-bank lending institutions include savings institutions, deposit-taking finance companies, and non-deposit-taking finance companies.

Previous years: Quarterly:
Mar 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
A6 Total liabilities 21,196 22,712 22,924 23,190 23,543 23,980
A1 New Zealand dollar funding
A1.1 NZ residents 10,279 10,821 10,818 10,843 10,882 11,131
A1.3 Non-residents 5,710 6,151 6,204 6,352 6,589 6,803
A1.5 Total 15,989 16,972 17,022 17,195 17,471 17,934
A3 Foreign currency funding
A3.1 NZ residents 0 0 0 0 0 0
A3.2 Non-residents 420 781 856 878 915 916
A3.3 Total 420 781 856 878 915 916
A4 Capital & reserves
A4 Capital & reserves 3,906 4,072 4,139 4,202 4,159 4,197
A5 Other liabilities
A5.5 Total other liabilities 881 887 908 915 998 934
A7 Liabilities memo item
A7 Funding from associates 1,132 1,076 1,164 1,257 1,222 1,303
A15 Total assets 21,196 22,713 22,924 23,190 23,543 23,980
A8 NZ Government securities
A8.3 NZ Government securities 3 13 10 10 10 10
A9 NZ Currency (notes & coins)
A9.1 NZ currency (notes & coins) 72 79 90 87 97 94
A10 New Zealand dollar claims
A10.1 NZ residents (registered banks) 1,366 1,289 1,402 1,521 1,687 1,630
A10.3 NZ residents (all other lending) 17,418 18,743 18,715 18,741 18,903 19,137
A10.5 Non-residents 37 64 61 51 53 69
A10.7 Total 18,821 20,097 20,179 20,314 20,643 20,836
A11 Foreign currency claims
A11.1 NZ residents 3 3 3 8 8 3
A11.2 Non-residents 9 7 6 9 13 10
A11.3 Total 12 10 8 17 21 13
A14 Other assets
A14.5 Total other assets 2,288 2,514 2,637 2,763 2,772 3,027
A16 Assets memo item
A16 Financial claims on associates 7 17 21 144 173 133

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]

The data: coverage, periodicity and timeliness

Coverage characteristics

Since December 2004, we have conducted a survey of non-bank financial institutions (NBLIs). NBLIs are financial institutions whose principal business is credit provision and borrowing money from the public and/or other sources.

We survey NBLIs with total assets $100m or above quarterly, while we survey NBLIs with assets less than $100m but greater than $5m annually, with quarterly values being imputed. We calculate total assets at the consolidated group level.

We source data from the Non-Bank Standard Statistical Return (SSR).

Figures are aggregates of each data cell of the actual survey templates. Data are in millions of New Zealand dollars and we collect these as at the last business day of the quarter.

The NBLI SSR does not include group investment funds, unit trusts and various fund managers, friendly societies and life insurance-related intermediaries. This class of NBLI is included in our quarterly and annual managed funds survey.

The assets and liabilities summary present a summarised balance sheet, excluding securitised loan assets and counterpart funding. We break down funding and claims by maturity or sector.

Balance sheet figures reported by the surveyed financial institutions conform to generally accepted accounting practice adopted by the institutions. In particular, values may be at book or ‘marked to market’ according to appropriate practice for the instruments involved.

Where possible, we base the resident/non-resident distinction in these tables on the geographical location of respondents and counterpart transactions. To facilitate statistical reporting, however, New Zealand's income tax rules on residency are accepted as an approximation and are the predominant definition.


Quarterly, as at the last business day.


On or before the last business day of the month after the end of the reference quarter.

Access by the public

Statistics release calendar

The statistics release calendar provides a long-term plan of scheduled releases. We update and release the calendar 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 Sections 36 and 93 of the Reserve Bank of New Zealand Act 1989.

Our legislation

We publish only aggregated data. Individual institutional data is confidential.

Provision of information about revisions and advance notice of major changes in methodology

Provisional data are italicised. Data are deemed provisional when a series is under review. New data, or revised data, are in bold font. We generally publish revisions when we update and release a table. Should we need to make revisions more promptly, we post a special note on our website.

We post any major changes in methodology as a special note.


Dissemination of documentation on methodology and sources used in preparing statistics

NBLIs complete and return an Excel template.

Dissemination of statistics that support statistical cross-check and provide assurance of reasonableness

Deposit-taking finance companies and savings institutions provide prospectus disclosure annually, in addition to statutory reports, which enable checks for reasonableness.

Series breaks

Series breaks occur when NBLI data are affected by survey changes that are not 'organic' but arise from one period to another because of factors such as the sale of assets, merger with another institution or a change in substance in business practice that interrupts a 'like for like' time series comparison.

Series breaks for key balance sheet components for all non-bank lending institutions are displayed in a separate data file.

Household securitised assets

Under International Financial Reporting Standards (IFRS), securitised assets form part of NBLI balance sheets. However, securitised household loans are not included in total assets in the NBLI SSR, nor is the counterpart funding included in liabilities (in table T1).

To calculate the total asset and liabilities of NBLIs, the counterpart funding (CC1.12 and E8.10 in table T4) must be added to total liabilities (A6 in table T1) and total assets (A15 in table T1). Note that securitised business loans and their corresponding liabilities on the other hand are included in table T1.

Non-bank lending institutions include savings institutions, deposit-taking finance companies and non-deposit-taking finance companies.

Respondents use book or market values as determined by their accounting policies and exclude contingent items. Data is provided according to accounting policies that meet the terms of the Financial Reporting Act 1993.

New Zealand residents and non-residents

'Resident in New Zealand' has the same meaning as that used in current New Zealand income tax practice, where a non-resident withholding tax (NRWT) ‘flag' is used to identify non-residents. The tax definition is used for convenience – it is not ideal for monetary policy data. The ideal relates to the location of the customer to accord with international conventions used for balance of payments and other cross-border data collection purposes. Therefore, entities that are clearly located overseas (but are classed as New Zealand residents for tax purposes) are treated as non-residents if their transactions are usually separately identified as 'non-resident'. Companies incorporated in New Zealand are regarded as New Zealand residents.

A1 New Zealand dollar funding

All deposits and loans that are denominated in New Zealand dollars are considered to be New Zealand dollar funding. New Zealand dollar funding includes funds received from us. Contingent liabilities arising from bill acceptances made on behalf of clients are excluded, as well as bills the reporting institution has issued but has subsequently bought back and not reissued.

A3, A11 Foreign currency funding and claims

For reporting purposes, foreign currency funding and claims items are normally converted into New Zealand dollars at the 'mid-rates', or similar rate used by the respondent, applying at the end of the month. An exception would be an arrangement in which a foreign currency loan or deposit will be repaid at a pre-arranged exchange rate. In such a case, this pre-set exchange rate should be used.

A4 Capital and reserves

Paid-in capital, retained earnings, reserves and provisions, or any other items commonly disclosed as equity under New Zealand reporting practices adopted for published accounts.

A7, A16 Funding from, and claims on, associates

An associate of the reporting institution is any organisation that has substantially the same shareholders as the reporting institution, or any organisation (or individual) that holds 20% or more of the reporting institution's paid-up capital, or any organisation in which the reporting institution holds 20% or more in paid-up capital. When calculating financial claims on associates share capitals are excluded.

A8 New Zealand government bonds and Treasury bills

SOE or Housing Corporation of New Zealand securities are not included. That part (if any) of the portfolio that is valued at historic cost according to the institution's accounting policies, and trading stock marked to market values, are aggregated in the one number.

A10, A11 New Zealand dollar and foreign currency claims

Claims are all loans and an institution's deposits with other institutions. They include bill acceptances on balance sheet. Claims are recorded gross of provisions for doubtful debts, which are ‘subtracted out' of the balance sheet in item A14.5. Claims include sellbacks (repos) and other agreements that are similar to collateralised loans. Claims include net deposits made in connection with futures contracts. Claims also include the net of payments made and receipts received on options contracts. If receipts exceed payments, the net amount is included in funding.

Most claims are book value, but clearly certain categories must be market-valued in accordance with generally accepted accounting practice.

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.