Previous Years: | Quarterly: | |||||||||||||
Mar 2012 | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | |||||||||
Income statement ($m) | ||||||||||||||
Interest income | 20,458 | 20,466 | 20,323 | 20,304 | 20,331 | 20,425 | ||||||||
Less: interest expense | 12,429 | 12,201 | 12,081 | 11,982 | 11,956 | 11,992 | ||||||||
Net interest income | 8,029 | 8,265 | 8,242 | 8,322 | 8,375 | 8,433 | ||||||||
Plus: other operating income | 2,617 | 2,236 | 2,444 | 2,538 | 2,710 | 2,745 | ||||||||
Total income | 10,645 | 10,501 | 10,686 | 10,860 | 11,086 | 11,178 | ||||||||
Less: operating expenses | 4,540 | 4,714 | 4,728 | 4,751 | 4,768 | 4,765 | ||||||||
Profit before provision for credit impairment | 6,105 | 5,787 | 5,958 | 6,109 | 6,318 | 6,413 | ||||||||
Less: provision for credit impairment | 678 | 582 | 583 | 526 | 392 | 330 | ||||||||
Plus / minus: non-operating income or expenses | -121 | -117 | -107 | 4 | 28 | 119 | ||||||||
Profit before income tax | 5,306 | 5,088 | 5,268 | 5,588 | 5,954 | 6,202 | ||||||||
Less: income tax expense | 1,518 | 1,344 | 1,416 | 1,534 | 1,627 | 1,707 | ||||||||
Profit after income tax | 3,788 | 3,744 | 3,852 | 4,054 | 4,326 | 4,495 | ||||||||
Profit attributable to minority interest | 22 | 22 | 21 | 19 | 19 | 18 | ||||||||
Profit attributable to shareholders | 3,767 | 3,722 | 3,831 | 4,035 | 4,307 | 4,477 | ||||||||
Balance sheet assets ($m) | ||||||||||||||
Cash and balances with Central Bank | 10,400 | 10,642 | 10,670 | 9,571 | 10,960 | 8,969 | ||||||||
Balances with other financial institutions | 4,417 | 5,759 | 7,800 | 4,116 | 3,996 | 4,461 | ||||||||
Securities | 36,039 | 33,963 | 33,875 | 34,726 | 36,121 | 38,197 | ||||||||
Mortgage lending | 169,963 | 178,514 | 181,561 | 183,790 | 186,584 | 188,761 | ||||||||
Other lending | 133,841 | 138,604 | 139,694 | 142,027 | 143,960 | 144,787 | ||||||||
Other assets | 36,580 | 35,631 | 38,809 | 34,603 | 31,311 | 33,067 | ||||||||
Total assets | 391,239 | 403,114 | 412,410 | 408,833 | 412,932 | 418,242 | ||||||||
Equity and liabilities ($m) | ||||||||||||||
Equity | 26,023 | 29,344 | 30,317 | 29,268 | 30,194 | 30,835 | ||||||||
Subordinated debt | 10,487 | 8,878 | 8,803 | 8,666 | 8,525 | 7,873 | ||||||||
Deposits and other borrowings | 327,176 | 337,340 | 346,823 | 343,999 | 351,075 | 352,525 | ||||||||
Other liabilities | 27,553 | 27,552 | 26,468 | 26,900 | 23,138 | 27,009 | ||||||||
Total equity and liabilities | 391,239 | 403,114 | 412,410 | 408,833 | 412,932 | 418,242 | ||||||||
Average assets | 1 | 389,737 | 400,648 | 404,882 | 406,415 | 408,729 | 411,106 | |||||||
Total assets of banks ($m) | ||||||||||||||
Incorporated overseas | 295,297 | 302,568 | 308,596 | 305,381 | 308,384 | 312,140 | ||||||||
Incorporated in New Zealand | 351,468 | 363,987 | 371,534 | 370,735 | 375,838 | 381,124 | ||||||||
Overseas owned | 367,129 | 375,494 | 384,831 | 380,827 | 384,239 | 389,276 | ||||||||
New Zealand owned | 24,110 | 27,619 | 27,579 | 28,006 | 28,693 | 28,966 | ||||||||
Income related ratios (%) | ||||||||||||||
Return on assets | 0.97 | 0.93 | 0.95 | 0.99 | 1.05 | 1.09 | ||||||||
Return on equity | 2 | 13.11 | 11.99 | 11.88 | 12.29 | 12.90 | 13.25 | |||||||
Net interest margin | 2.29 | 2.27 | 2.24 | 2.24 | 2.23 | 2.23 | ||||||||
Other income / total income | 24.58 | 21.29 | 22.87 | 23.37 | 24.45 | 24.56 | ||||||||
Other expenses / total income | 42.65 | 44.89 | 44.24 | 43.75 | 43.01 | 42.63 | ||||||||
Other expenses / total assets | 1.16 | 1.18 | 1.17 | 1.17 | 1.17 | 1.16 | ||||||||
Balance sheet ratios (%) | ||||||||||||||
Common equity tier 1 capital ratio | 2 | .. | 10.28 | 10.61 | 10.53 | 10.59 | 10.92 | |||||||
Tier 1 capital ratio | 2 | 10.73 | 11.00 | 11.33 | 11.35 | 11.40 | 11.60 | |||||||
Total capital ratio | 2 | 13.04 | 12.41 | 12.49 | 12.44 | 12.47 | 12.49 | |||||||
Impaired assets / gross lending | 1.29 | 1.05 | 0.95 | 0.91 | 0.77 | 0.77 | ||||||||
Non-performing loans / gross lending | 1.66 | 1.35 | 1.22 | 1.16 | 1.02 | 1.02 | ||||||||
Year on year change in total assets | 2.22 | 3.04 | 2.80 | 1.86 | 1.62 | 3.75 | ||||||||
Number of registered banks | ||||||||||||||
Number of registered banks | 21 | 22 | 22 | 22 | 23 | 23 | ||||||||
1 | Calculated using the end of quarter assets over the previous twelve month period. | |||||||||||||
2 | New Zealand incorporated banks only | |||||||||||||
Last updated 14 July 2014 |
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Source: Reserve Bank of New Zealand |
The Data: Coverage, Periodicity, and Timeliness |
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Coverage characteristics |
The income and balance sheet data presented in the table are calculated by aggregating the consolidated information for registered banks and their banking groups. Data for registered banks that are subsidiaries of other registered banks will be included in the consolidated figures of the parent and are therefore excluded from the aggregations. While a registered bank can net a liability off against an asset under the right of set off accounting standard, the data used in these tables is on a gross basis. For capital adequacy and equity ratios only New Zealand incorporated banks are used. Data are in millions of New Zealand dollars. Registered banks have different annual balance dates. Income data are derived from quarterly disclosure statements and cover a twelve month period. Balance sheet and capital adequacy data are as at the end of the period The number of registered banks has varied over time. The table shows the number at the end of each quarter. For a history of banks registered in New Zealand see the list of past and present banks on this website. |
Periodicity |
Quarterly |
Timeliness |
Released by the end of the fourth month after the quarter the data was published for. |
Access by the public |
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Statistics release calendar |
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. |
Integrity |
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Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses |
Since 1996, data have been sourced from publicly available General Disclosure Statements of registered banks. The March 1996 Bulletin article New disclosure regime for registered banks (PDF 150KB) provides a background on General Disclosure Statements. Data for the pre-1996 period is derived from information that registered banks were required to send to the Reserve Bank under section 93 of the Reserve Bank of New Zealand Act. The individual bank data supplied under section 93 is protected by section 105 of the Act.
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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. Revisions are generally published when a table is next due to be updated and released. Should revisions need to be made more promptly, a note is posted on the website. Any major changes in methodology are posted on the website as a note. |
Quality |
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Dissemination of documentation on methodology and sources used in preparing statistics |
A list of currently registered banks can be found on the Bank’s website. The information required in the disclosure statements can be found in the Orders in Council made under the Reserve Bank of New Zealand Act. Information supplied by registered banks is required to meet Generally Accepted Accounting Standards. Changes to accounting standards and to the way banks conduct their business have impacted over time on the amounts shown for each series. The specific accounting policies of each registered bank are available in the statement of accounting policies included in General Disclosure Statements every six months. |
Dissemination of registered bank statistics that support statistical cross-check and provide assurance of reasonableness |
In most cases the latest General Disclosure Statements can be found on the websites of registered banks. The Reserve Bank is the prudential regulator of registered banks and monitors their compliance with statutory requirements. The compilation of the registered bank aggregate statistical return table offers additional checks for reasonableness. |
Last updated June 2013
The income and balance sheet data presented in the table are calculated by aggregating the consolidated information for registered banks and their banking groups. Data for registered banks that are subsidiaries of other registered banks will be included in the consolidated figures of the parent and are therefore excluded from the aggregations.
While a registered bank can net a liability off against an asset under the right of set off accounting standard, the data used in these tables is on a gross basis.
For capital adequacy and equity ratios only New Zealand incorporated banks are used.
Since 1996, data have been sourced from publicly available General Disclosure Statements of registered banks. The March 1996 Bulletin article New disclosure regime for registered banks (PDF 1.3MB) provides background information on General Disclosure Statements.
Data for the pre-1996 period is derived from information that registered banks were required to send to the Reserve Bank under section 93 of the Reserve Bank of New Zealand Act. The individual bank data supplied under section 93 is protected by section 105 of the Act.
Data are in millions of New Zealand dollars.
Registered banks have different annual balance dates. Income data are derived from quarterly disclosure statements and cover a twelve month period. Balance sheet and capital adequacy data are as at the end of the period.
The number of registered banks has varied over time. The table shows the number as at the end of each quarter. For a history of banks registered in New Zealand see the list of past and present banks on this website.
Information supplied by registered banks is required to meet Generally Accepted Accounting Standards. Changes to accounting standards and to the way banks conduct their business have impacted over time on the amounts shown for each series. The adoption of international accounting standards by registered banks between 2005 and 2007 may also affect the comparability of amounts shown in these series. The specific accounting policies of each registered bank are available in the statement of accounting policies included in General Disclosure Statements every six months. During 2008 the Basel II capital adequacy framework replaced the Basel I framework.
The Reserve Bank has published a survey of developments in the banking sector in the June Bulletin each year from 1992 until 2004. Since then, commentary on banking and financial sector developments has been included in the Reserve Bank’s Financial Stability Report.
Table G3 has three sections: income data in the form of an income statement; balance sheet, and ratios based on the data. Balance sheet data is available from March 1990 while reliable aggregated income data for a twelve month period is first available in March 1992.
The amount of income tax expense for the period.
Interest expense includes interest expense incurred on deposits and other borrowings, and other interest bearing liabilities.
Interest income includes interest income earned from loans and advances, securities and other interest bearing assets.
Interest income less interest expense, before charge for bad and doubtful debts.
Income or expense items not directly related to the normal operations of the banks. Examples are the gains from the fair valuing of Visa shares the banks received when Visa made a public offering and additional tax charges banks incurred as a result of a review of some historical business deals.
Expenses other than Interest expense, Provision for credit impairment and Tax that are incurred as part of the Banks’ normal operations. Examples are staff and deprecation expenses.
Income other than Interest income that is earned as part of the banks’ normal operations. Examples are trading income and fee income.
Net Profit (or Loss) after Income tax expense.
Profit (or Loss) made by subsidiary companies that belongs to shareholders in those companies that are not shareholders in the parent company.
Profit (or Loss) available to the shareholders of the parent company.
Profit (or Loss) before deducting Income tax
Profit (or Loss) from the normal operations of the Banks before providing for credit impairment costs for the period.
The amount related to impaired assets charged against income over the period. This covers allocations to provisions, direct write-off and recoveries
The sum of Net interest income and Other operating income received for the period.
The average value of total assets over the year. Calculated as an average of quarter-end totals.
Deposits and placements with other financial institutions.
Cash or items readily convertible into cash plus claims on the Reserve Bank of New Zealand.
Deposits and other borrowings covers all forms of funding except Subordinated debt. Includes transactional and savings accounts, term deposits, certificates of deposit and issued paper, credit card balances, non interest bearing deposits and amounts due to related parties.
Shareholders’ capital including ordinary capital, retained earnings, perpetual preference shares, other reserves and head office accounts of overseas-incorporated banks.
Until 31 December 2007 mortgage lending was the principal amount of residential mortgages as reported by all registered banks under the Basel I capital adequacy framework.
From 31 March 2008 the Basel II capital adequacy framework has been the source of on balance sheet mortgage lending values for locally incorporated registered banks. From 31 March 2011 with changes to disclosure requirements, mortgage lending values for these banks were required to be available under this framework only every other quarter. When not available, mortgage lending has been obtained from residential mortgage loan-to-value ratio information or notes to the accounts that provide more detailed information about loans and advances.
Overseas incorporated banks were required to publish capital adequacy data under the Basel I framework until 30 September 2011. From 31 December 2011 when this requirement was removed, mortgage lending has been obtained from residential mortgage loan-to-value ratio information or notes to the accounts that provide more detailed information about loans and advances.
At the dates new capital adequacy and disclosure requirements have been adopted by banks the level of mortgage lending reported by some banks has not been consistent from one period to the next, which has affected published aggregate mortgage lending data. ‘Other lending’, which is the balance of total loans and advances, has reflected the reciprocal impact of these changes.
Loans and advances excluding mortgages. Includes overdrafts, credit card lending, personal loans, lease finance, commercial bills, hire purchase finance, redeemable preference share finance and other term lending, net of provisions for impairment.
All other assets, including amounts due from related parties, goodwill and unrealised gains on derivative financial instruments.
All other liabilities, including unrealised losses on derivative financial instruments.
Securities include trading securities, investment securities and available for sale investments.
Borrowings which rank below all other borrowing for repayment should the organisation fail.
The sum of all assets.
The total of all liabilities and equity.
The total asset of the banks incorporated in New Zealand.
The total asset of the New Zealand operations of banks that are branches of an overseas incorporated organisation. Where that organisation has a New Zealand incorporated subsidiary that is also a registered bank, that subsidiary assets are also included.
The total asset of the banks whose ultimate owner(s) are based in New Zealand.
The total asset of the banks whose ultimate owner(s) are based outside of New Zealand.
All ratio calculations are weighted averages.
Net interest income as a percentage of average interest earning or discount bearing assets.
Impaired assets as a percentage of lending before allowing for provisions.
Non performing loans (impaired and 90 day past due asset) as a percentage of lending before allowing for provisions. Ninety day past due assets are first available from March 1996.
Other expenses as a percentage of average assets
Other expenses as a percentage of total income.
Other income as a percentage of total income.
Profit after income tax as a percentage of average assets.
Profit after income tax of banks incorporated in New Zealand as a percentage of their average equity.
The Common equity tier 1, Tier 1 and Total capital ratios are calculated in accordance with the Reserve Capital Adequacy Framework. Until 2008 the Basel I framework applied, between 2008 and 2012 the Basel II framework applied, since 2013 the Basel III framework applies.
The percentage change in total assets from the previous year.
Number of organisations registered with the Reserve Bank of New Zealand as banks as at the end of the quarter. For a history of banks registered in New Zealand see the list of past and present banks on this website.
Between 1 January 2005 and 1 July 2007, banks in New Zealand changed accountings standards from New Zealand accounting standards (NZ GAAP) to New Zealand International Financial Reporting Standards (NZ IFRS). The move to NZ IFRS affects both balance sheet and income data published in the Bank disclosure tables (G) in respect of those banks. Adoption dates for banks registered over the period are listed below.
For Key information summary of locally incorporated banks (G1) and Key
information summary of overseas incorporated banks (G2) tables, this reduces the
comparability of individual bank data with data for previous periods, for
those banks that have adopted NZ IFRS.
For the Summary of selected aggregated finical data (G3), the aggregated balance sheet and income data reported between 2005 and 2007 are a combination of data reported under the two sets of accounting standards. For the 31 December 2005, 92 percent of the total assets of registered banks reported in Table G3 were held by banks using NZ IFRS.
Dates from which banks adopted NZ IFRS are:
Date: |
Banks adopting NZ IFRS: |
1 January 2005 |
The Hong Kong and Shanghai Banking Corporation Limited |
1 July 2005 |
ASB Bank Limited Commonwealth Bank of Australia |
1 October 2005 |
ANZ National Bank Limited Bank of New Zealand Westpac Banking Corporation |
1 January 2006 |
Rabobank Nederland Rabobank New Zealand Limited |
1 January 2007 |
ABN AMRO Bank NZ Citibank NZ Deutsche Bank AG Kookmin Bank |
1 April 2007 |
TSB Bank Limited The Bank of Tokyo-Mitsubishi UFJ |
1 July 2007 |
Kiwibank Limited |
Notes
Invdividual figures may not sum to the totals due to rounding
Percentage changes are calculated on unrounded numbers
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