|Mar 2019||Mar 2020||Jun 2020||Sep 2020||Dec 2020||Mar 2021|
|LIABILITIES, CAPITAL & RESERVES|
|A6 Total liabilities||12,452||13,031||12,626||16,113||16,077||15,917|
|A1 New Zealand dollar funding|
|A1.1 NZ residents||6,218||6,714||6,406||7,841||7,617||7,640|
|A3 Foreign currency funding|
|A3.1 NZ residents||0||0||0||0||0||0|
|A4 Capital & reserves|
|A4 Capital & reserves||1,385||1,605||1,630||2,225||2,317||2,374|
|A5 Other liabilities|
|A5.5 Total other liabilities||746||803||832||850||871||831|
|A7 Liabilities memo item|
|A7 Funding from associates||1,431||1,231||1,069||1,160||1,151||1,109|
|A15 Total assets||12,452||13,031||12,626||16,113||16,077||15,917|
|A8 NZ Government securities|
|A8.3 NZ Government securities||0||0||0||0||0||0|
|A9 NZ Currency (notes & coins)|
|A9.1 NZ currency (notes & coins)||16||13||21||25||32||22|
|A10 New Zealand dollar claims|
|A10.1 NZ residents (registered banks)||284||386||427||768||683||515|
|A10.3 NZ residents (all other lending)||9,699||10,309||9,894||13,134||13,186||13,265|
|A11 Foreign currency claims|
|A11.1 NZ residents||4||4||4||4||5||4|
|A14 Other assets|
|A14.5 Total other assets||2,361||2,275||2,219||2,149||2,125||2,089|
|A16 Assets memo item|
|A16 Financial claims on associates||7||17||6||6||29||7|
Since December 2004, the Bank has 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.
NBLIs with total assets $100m or above are surveyed quarterly, while NBLIs with assets less than $100m but greater than $5m are surveyed annually with quarterly values being imputed. Total assets are calculated at the consolidated group level.
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.
The Statistics Release Calendar is updated and released on the last working day of the month. This is a long-term plan of scheduled releases.
Data are collected under Sections 36 and 93 of the 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.
Provisional data are italicised. Data are deemed provisional when a series is under review. New data, or revised data, are in bold font. 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.
An Excel Template is completed and returned by NBLIs.
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 fie.
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-deposit-taking finance companies are non-bank lending institutions that do not issue a prospectus or take deposits from the public. Funding for these institutions generally comes from 'wholesale' financial markets or from parent 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.
"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.
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.
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.
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.
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.
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.
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.
30 April 2021
Today’s publication of non-bank lending institutions data includes revisions to December 2020 as we now have updated data from our respondents.
If you have any questions please contact [email protected]
|0||Zero or value rounded to zero|
|light red background||Historical|