Non banks: Funding and claims by sector (T4)
This data shows the funding and claims of non-bank lending institutions, by sector. Claims in this data refers to financial claims or loans.
|Sep 2020||Sep 2021||Dec 2021||Mar 2022||Jun 2022||Sep 2022|
|D1.19 Property and business services||206||229||237||234||248||256|
|D1.20 Government administration and defence||278||10||10||9||8||8|
|D2.16 Finance - excluding registered banks||38||32||56||57||59||70|
|D2.17 Finance - registered banks||1,618||1,326||1,458||1,344||1,302||1,292|
|D2.19 Property and business services||1,481||1,655||1,758||1,985||2,028||2,126|
|D2.20 Local Authorities||15||18||17||17||16||18|
|D2.25 Household - housing||2,196||2,844||3,020||3,363||3,445||3,450|
|D2.26 Household - consumer||5,459||5,199||5,243||5,164||5,121||5,099|
|D2.29 All other business||5,346||5,629||5,691||5,763||5,847||6,239|
|Securitised assets administered|
|CC1.12 Household - consumer||817||862||864||882||918||945|
|E8.10 Household - housing||1,194||1,735||2,027||2,235||2,509||2,640|
|Total sector lending|
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]
The data: coverage, periodicity and timeliness
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.
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.
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 the 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 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.
1-2 Funding and claims
D1 is a sectoral breakdown of A1.5, NZD funding in table T31, and D2 is a sectoral breakdown of A10.7, NZD claims in table T1.
The sectors are defined by the ANZSIC code. The sectors defined here represent a two digit classification, with the addition of household and non-resident sectors (not in the ANZSIC code).
The ANZSIC code is allocated to institutions on the basis of the activity in which a majority of full-time equivalent employees are engaged. It is the activity of the customer, not purpose of the loan that drives classification. For example, a company whose principal business is timber milling, but has a trucking division and borrows to buy trucks, should still have the truck loan entered against its timber milling ANZSIC number, 2311, because this is a customer classification.
D1.16 & D2.16 Finance
This sector includes deposits from, and loans to, ‘financial institutions'.
The exception is paper bought that represents a secondary claim on the household sector. Non-bank lending institutions may buy paper such as mortgage backed securities and short-term asset-backed paper for consumer durables issued by other primary lenders. We do not want this paper classified in D2.25 or D2.26, but want it to remain in Finance, along with loans to and claims on financial institutions excluding registered banks
D2.25 Household - housing
This sector includes all residential mortgage loans to personal customers. ‘Lifestyle' loans on farmlets are classified housing or farming according to the category used by non-bank lending institution. It excludes business lending secured on a residential property.
D2.26 Household - consumer
This sector includes loans, whether or not secured by mortgage, which have been separately identified as being for personal customers, but are not housing – e.g. boat or car purchase, travel etc., and all credit card lending.
A non-resident withholding tax (NRWT) ‘flag' is used to 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.
These totals are the same as A1.3 for funding and A10.5 for claims in table T1.
Symbols and conventions for summary table
|Symbol or convention||Definition|
|0||Zero or value rounded to zero|
|Light grey background||Historical|
- Individual figures may not sum to the totals due to rounding
- Percentage changes are calculated on unrounded numbers
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View other data in the Non-bank and other financial institutions series.