Non banks: Funding and claims by sector ($m) - T4

Released
09 May 2017 03:00 p.m.
Next release
31 January 2018 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Quarterly
Previous years: Quarterly:
Jun 2015 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017
D1 Funding
D1.1 Agriculture 32 11 8 8 8 7
D1.16 Finance 1,959 2,819 2,958 3,086 3,306 3,487
D1.19 Property and business services 83 102 107 112 117 122
D1.20 Government administration and defence 912 912 910 868 868 871
D1.27 Household1 3,252 3,143 3,088 3,127 3,187 3,253
D1.28 Non-residents 3,339 2,431 2,594 2,752 2,685 2,759
D1.29 Unallocated 891 678 626 613 629 678
D1.30 Total 10,468 10,095 10,292 10,568 10,801 11,179
D2 Claims
D2.1 Agriculture1 230 220 231 228 220 228
D2.16 Finance - excluding registered banks 97 56 53 60 48 48
D2.17 Finance - registered banks 832 1,491 729 719 759 785
D2.19 Property and business services 1,233 1,297 1,262 1,249 1,251 1,260
D2.20 Local Authorities 2 8 8 1 2 8
D2.25 Household - housing 961 1,057 1,113 1,194 1,298 1,392
D2.26 Household - consumer 3,280 3,426 3,511 3,646 3,749 3,844
D2.28 Non-residents 24 401 439 494 497 522
D2.29 All other business 3,561 3,307 3,237 3,258 3,228 3,403
D2.30 Total 10,220 11,261 10,582 10,848 11,071 11,490
Securitised assets administered
CC1.12 Household - consumer 967 932 903 923 945 880
E8.10 Household - housing 625 463 499 523 530 566
Total sector lending
Agriculture1 230 220 231 228 220 228
Business1 4,794 4,604 4,499 4,506 4,479 4,663
Housing1 1,586 1,520 1,612 1,717 1,828 1,957
Consumer1 4,247 4,358 4,415 4,569 4,694 4,724
  1. A list of series breaks for Household Funding and Sector Lending are available in the background notes.

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.

Periodicity

Quarterly, as at the last business day.

Timeliness

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.

Integrity

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.

Quality

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

Loans

Less: Counter-part funding

Total Assets (A15)

Memo: House-hold Deposits

Break date

Table C5

Agriculture

Business

Housing

Consumer

May 16


-39

 


-39


Sep 15




+57


+62


Dec 12

-519

-891

-279

-375


-2,343

-1,482

Dec 11

-1,082

-114

-170

-1,290

-1,177

Dec 10

-6

-117

-143

-123

Dec 09

-175

-144

-144

-175

Jun 09

718

1,158

Dec 08

-400

-328

-1,631

-104

-301

-2,323

-1,859

Sep 06

-555

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.

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.

D1-2.28 Non-residents

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.

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 stats-info@rbnz.govt.nz.

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.