Non banks: Balance sheet ($m) - T1

31 July 2017 03:00 p.m.
Next release
31 October 2017 03:00 p.m.
Reserve Bank of New Zealand
Previous years: Quarterly:
Jun 2015 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017
A6 Total liabilities 12,263 13,194 12,517 12,763 12,985 13,495
A1 New Zealand dollar funding
A1.1 NZ residents 7,129 7,664 7,698 7,816 8,116 8,420
A1.3 Non-residents 3,339 2,431 2,594 2,752 2,685 2,759
A1.5 Total 10,468 10,095 10,292 10,568 10,801 11,179
A3 Foreign currency funding
A3.1 NZ residents 123 115 115 115 115 115
A3.2 Non-residents 635 557 558 578 527 566
A3.3 Total 758 672 673 693 642 681
A4 Capital & reserves
A4 Capital & reserves 257 1,574 808 809 836 894
A5 Other liabilities
A5.5 Total other liabilities 782 852 745 706 707 742
A7 Liabilities memo item
A7 Funding from associates 3,424 1,558 1,604 1,637 1,692 1,491
A15 Total assets 12,263 13,194 12,517 12,763 12,985 13,495
A8 NZ Government securities
A8.3 NZ Government securities - - - - - -
A9 NZ Currency (notes & coins)
A9.1 NZ currency (notes & coins) 19 19 19 20 19 23
A10 New Zealand dollar claims
A10.1 NZ residents (registered banks) 832 1,491 729 719 759 785
A10.3 NZ residents (all other lending) 9,363 9,369 9,414 9,635 9,815 10,183
A10.5 Non-residents 24 401 439 494 497 522
A10.7 Total 10,220 11,261 10,582 10,848 11,071 11,490
A11 Foreign currency claims
A11.1 NZ residents 57 20 21 25 18 18
A11.2 Non-residents 320 302 303 303 302 302
A11.3 Total 377 321 323 327 320 320
A14 Other assets
A14.5 Total other assets 1,647 1,592 1,593 1,570 1,575 1,662
A16 Assets memo item
A16 Financial claims on associates 11 1 1 3 1 1

Non-bank lending institutions (T1-T4)

The Data: Coverage, Periodicity, and Timeliness

Coverage characteristics

Since December 2004, the Bank has conducted a quarterly survey of non-bank financial institutions (NBLIs). NBLIs are financial institutions with total assets of $5m or more at the consolidated group level, whose principal business is credit provision and borrowing money from the public and/or other sources.

Data is sourced 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 are collected 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 the Bank’s quarterly and annual managed funds survey.

The assets and liabilities summary present a summarised balance sheet, excluding securitised loan assets and counterpart funding. Funding and claims are broken down 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 the resident/non-resident distinction in these tables is based on the geographical location of respondents and counterpart transactions. To facilitate statistical reporting however, the New Zealand 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. It is updated and released on the first working day of the month.


Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses

Data are collected under Section 36 of The Reserve Bank of New Zealand Act 1989 (The Act).

The Reserve Bank of New Zealand publishes 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.
This applies to the summary table only and not excel files. Revisions are generally published when the table is next due to be updated and released. Should revisions need to be made more promptly, a note is posted on the website as a ‘special note’.

Any major changes in methodology are posted on the website as a special note.


Dissemination of documentation on methodology and sources used in preparing statistics

An Excel Template is completed and returned each quarter by NBLIs.

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 the table below.

All non-bank lending institutions (NBLIs)

Series breaks


Less: Counter-part funding

Total Assets (A15)

Memo: House-hold Deposits

Break date

Table C5





May 16




Sep 15



Dec 12







Dec 11






Dec 10





Dec 09





Jun 09



Dec 08








Sep 06


Series breaks last updated: 29 July 2016

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 the Reserve Bank. 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 re-issued.

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 percent or more of the reporting institution's paid-up capital, or any organisation in which the reporting institution holds 20 percent 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 which 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, however, 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.

Non-banks data revisions and new Excel format

Non-banks data revisions

The Reserve Bank has commenced a review of the statistical reporting of non-bank entities. The review has led to the updating of selected non-bank statistics back to March 2011 which has impacted data on Tables T1, T4, T21 and T31. The review was focused on several non-bank entities that were in receivership or liquidation allowing statistics to be updated from various reports.

As part of this review we have also discontinued several non-bank web tables as at 31 July 2017.

Go to the Discontinued tables

This change initiative is part of a comprehensive review of statistical reporting of non-bank entities. We are reviewing the reporting to create more coherent and comparable statistics, which are better aligned with international standards. We currently plan to complete the review in 2018 and expect further changes to non-bank statistics.

We invite your feedback on user requirements for non-bank statistics. Please provide comments to

New Excel format

The new format for our Excel data files has been rolled out to the non-bank tables (T1, T4, T11, T21, T31) on 31 July 2017.

The most notable changes in the Excel data files will be:

  • No extra columns, bold numbers, merged cells or any other formatting. This will make it easier for data users to transform the file into other ‘machine friendly’ formats such as .csv.
  • Two extra tabs – ‘Table Description’ and ‘Series Definitions’ that will contain supplementary information about the table and the data.
  • The data tab will have two extra rows: unit and series ID linked to the Series Definitions.

There will be no change to the presentation of summary data in the summary tab.

31 July 2017

Symbols and conventions for summary table

0 Value rounded to zero
- Zero or not applicable
.. Not available
bold Revised/new
italics Provisional
light red 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.