ANZ Bank NZ Ltd. | ASB | Baroda | BNZ | Bank of India | Co-op Bank | Heartland | ICBC | Kiwi | Rabo NZ | SBS | TSB | Westpac NZ Ltd. | |||||||||||||||
Period | |||||||||||||||||||||||||||
For the period ending | 31-Mar-14 | 31-Mar-14 | 31-Mar-14 | 31-Mar-14 | 31-Mar-14 | 31-Mar-14 | 31-Mar-14 | 31-Mar-14 | 31-Mar-14 | 31-Mar-14 | 31-Mar-14 | 31-Mar-14 | 31-Mar-14 | ||||||||||||||
Profitability (NZ$m) | |||||||||||||||||||||||||||
Net profit for the past 12 months | 1,578 | 784 | 1 | 790 | 0 | 7 | 17 | - | 88 | 77 | 14 | 50 | 832 | ||||||||||||||
Net profit as a % of average total assets | 1.3 | 1.2 | 1.9 | 1.0 | 0.7 | 0.5 | 0.7 | - | 0.6 | 0.8 | 0.5 | 0.9 | 1.2 | ||||||||||||||
Net profit as a % of average equity | 13.7 | 15.1 | 3.0 | 14.0 | 0.9 | 5.1 | 4.4 | - | 9.8 | 7.7 | 6.0 | 10.9 | 12.9 | ||||||||||||||
Credit rating(s) | |||||||||||||||||||||||||||
Issued by Standard and Poor's | 1 | AA- | AA- | - | AA- | BBB- | - | BBB- | A | A+ | AA- | - | BBB+ | AA- | |||||||||||||
Issued by Moody's | 1 | Aa3 | Aa3 | - | Aa3 | - | - | - | - | Aa3 | - | - | - | Aa3 | |||||||||||||
Issued by Fitch | 1 | AA- | AA- | BBB- | - | - | BBB- | BBB- | - | AA+ | - | BBB | - | AA- | |||||||||||||
Capital adequacy (%) | |||||||||||||||||||||||||||
Common equity tier 1 ratio | 2 | 10.7 | 11.5 | 118.8 | 9.1 | 93.9 | 16.6 | 14.6 | 235.8 | 8.8 | 10.9 | 13.3 | 13.9 | 12.2 | |||||||||||||
Tier 1 ratio | 2 | 11.1 | 12.6 | 118.8 | 10.6 | 93.9 | 16.6 | 14.6 | 235.8 | 10.2 | 10.9 | 13.4 | 13.9 | 12.2 | |||||||||||||
Capital ratio | 2 | 12.4 | 12.7 | 118.8 | 12.1 | 93.9 | 16.8 | 14.7 | 235.8 | 11.6 | 13.4 | 13.7 | 14.2 | 12.2 | |||||||||||||
Assets (NZ$m) | |||||||||||||||||||||||||||
Cash, liquid assets and due from other institutions | 3,789 | 2,740 | 22 | 2,279 | 16 | 20 | 87 | 44 | 737 | - | 110 | 86 | 1,896 | ||||||||||||||
Securities | 12,757 | 4,387 | - | 5,165 | - | 174 | 316 | - | 1,014 | 492 | 359 | 2,444 | 4,884 | ||||||||||||||
Gross loans | 94,113 | 60,043 | 43 | 64,394 | 49 | 1,412 | 1,930 | 17 | 14,422 | 8,544 | 2,299 | 3,103 | 63,615 | ||||||||||||||
Mortgages | 49,369 | 41,325 | 28 | 29,820 | 27 | 1,286 | 185 | - | 13,504 | 46 | 1,720 | 2,581 | 38,566 | ||||||||||||||
Other lending | 44,744 | 18,718 | 16 | 34,574 | 22 | 126 | 1,745 | 17 | 918 | 8,497 | 580 | 523 | 25,049 | ||||||||||||||
Less individual provisions | 240 | 38 | - | 133 | - | 1 | 21 | - | 25 | 96 | 10 | 2 | 135 | ||||||||||||||
Less collective provisions | 482 | 157 | - | 279 | - | 3 | 11 | - | 42 | 15 | 11 | 13 | 320 | ||||||||||||||
Derivatives | 8,744 | 890 | - | 4,173 | - | 3 | - | - | 127 | 5 | 10 | 2 | 7 | ||||||||||||||
Other assets | 5,144 | 747 | 5 | 1,323 | 4 | 19 | 145 | 15 | 194 | 507 | 31 | 62 | 3,201 | ||||||||||||||
Total assets | 123,825 | 68,612 | 70 | 76,922 | 69 | 1,624 | 2,446 | 76 | 16,427 | 9,436 | 2,788 | 5,682 | 73,148 | ||||||||||||||
Annual % change | 3.4 | 4.6 | 9.8 | 5.7 | 6.4 | 6.7 | -0.9 | - | 6.9 | 3.5 | -1.5 | 4.7 | 5.0 | ||||||||||||||
Liabilities and equity (NZ$m) | |||||||||||||||||||||||||||
Equity | 11,765 | 5,535 | 43 | 5,826 | 51 | 143 | 373 | 60 | 978 | 1,086 | 234 | 477 | 6,637 | ||||||||||||||
Subordinated debt | 1,129 | - | - | 715 | - | 3 | - | - | 151 | 300 | 19 | - | - | ||||||||||||||
Other borrowings | 99,847 | 61,027 | 27 | 64,778 | 18 | 1,460 | 2,026 | 15 | 15,001 | 8,001 | 2,508 | 5,156 | 65,681 | ||||||||||||||
Derivatives | 9,645 | 1,119 | - | 4,797 | - | 1 | - | - | 232 | 5 | 1 | 1 | 224 | ||||||||||||||
Other liabilities | 1,439 | 931 | 0 | 806 | 0 | 16 | 46 | 1 | 65 | 44 | 25 | 47 | 606 | ||||||||||||||
Total liabilities and equity | 123,825 | 68,612 | 70 | 76,922 | 69 | 1,624 | 2,446 | 76 | 16,427 | 9,436 | 2,788 | 5,682 | 73,148 | ||||||||||||||
Asset quality (NZ$m) | |||||||||||||||||||||||||||
Impaired assets | 771 | 207 | - | 396 | - | 3 | 51 | - | 45 | 280 | 20 | 4 | 351 | ||||||||||||||
90 days past due | 215 | 131 | - | 252 | - | 3 | 27 | - | 13 | 52 | 8 | 7 | 115 | ||||||||||||||
Non-performing loans as a % of gross lending | 1.0 | 0.6 | 0.2 | 1.0 | - | 0.4 | 4.0 | - | 0.4 | 3.9 | 1.2 | 0.4 | 0.7 | ||||||||||||||
Individual provisions as a % of impaired assets | 31.1 | 18.4 | 100.0 | 33.6 | - | 31.5 | 46.5 | - | 55.6 | 34.5 | 49.4 | 47.2 | 38.5 | ||||||||||||||
Balance date | |||||||||||||||||||||||||||
Annual balance date | 30-Sep | 30-Jun | 31-Mar | 30-Sep | 31-Mar | 31-Mar | 30-Jun | 31-Dec | 30-Jun | 31-Dec | 31-Mar | 31-Mar | 30-Sep | ||||||||||||||
1 | On NZ$ long-term senior unsecured obligations in NZ | ||||||||||||||||||||||||||
2 | As a % of total risk-weighted credit exposures | ||||||||||||||||||||||||||
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 |
Data was extracted from the “Key Information Summary” part of the disclosure statements published by locally incorporated registered banks until December 2010 and then extracted directly from disclosure statements. Data series from March 1996 onwards include: Profitability; Peak credit exposure concentrations; Credit rating; Capital adequacy; Size; and Asset quality. Data included in the table was revised in 2013. A summary balance sheet was added and Peak credit exposure concentrations were removed. |
Periodicity |
Quarterly |
Timeliness |
Released during the fourth month after the end of the quarter the disclosure statements were issued 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 |
The Reserve Bank of New Zealand Act 1989 (The Act), Section 81 states, “ The Bank shall, from time to time... prescribe the information which...shall be published by all registered banks or any specified class of registered banks.” |
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 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. 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 the registered banks can be found on our website. The information required in the disclosure statements can be found in the Orders in Council made under The Act. |
Dissemination of statistics that support statistical cross-checks and provide assurance of reasonableness |
Disclosure statements can be found on the websites of registered banks that are directed primarily at New Zealand customers. |
The information contained in the table was extracted from the "Key Information Summary" part of the disclosure statements published by registered banks until December 2010 and then directly from the disclosure statements. A review of the tables was made in 2013 and consequently there were changes to the presentation and content of the table from the 30 June 2013 data.
The information relates only to the periods specified in those disclosure statements. The financial position of a bank may have changed subsequent to the publication of its disclosure statements. The disclosure statements also contain other information that may be relevant in interpreting the information contained in the tables. Readers are advised to consult those disclosure statements for comprehensive information about any particular bank.
All locally incorporated banks are listed in table G1, and all overseas incorporated banks (which operate as a branch in New Zealand) are listed in table G2. This is done because it may be misleading to compare locally incorporated banks with overseas incorporated banks. In each section of the table, banks are listed in alphabetical name order.
In the case of overseas incorporated banks, the key information disclosed covers both the New Zealand branch and the bank as a whole. The overseas bank information provided is the most recently published information and is not always for the same date as that provided by the New Zealand branch. In some cases the overseas bank information may be for different dates. The key information disclosed by locally incorporated banks with an overseas parent bank does not include information relating to the overseas parent bank.
The number of decimal places used to disclose quantitative information is not prescribed, and so differs among banks. This has resulted in varying numbers of decimal places appearing in some lines of the table. Some of the numbers disclosed by banks have been rounded in order to improve the consistency of the table.
From the 30 June 2013, the end of the accounting period is shown at the top of the table while the annual balance date is shown at the bottom.
Up to 31 March 2013 the first block of information in the table lists the annual balance date of each bank, the date of the end of the accounting period to which the information disclosed relates and the number of months in that accounting period. For example a bank may have a balance date of 31 December, and an accounting period ending on 30 June.
From 30 June 2013 the net profit covers the 12 months to the end of the relevant accounting period. Up to 31 March 2013 the net profit for the year-to-date is shown. Net profit over the previous 12 months as a percentage of average total assets is also shown and from 30 June 2013 also as a percentage of equity.
Credit ratings for long-term unsecured obligations payable in New Zealand in New Zealand dollars and the name of the issuer of the rating are disclosed. Some banks have more ratings than those shown in the table. Readers are advised to refer to the banks' disclosure statements for information about additional ratings (if any).
See Standard & Poor’s, Moody’s and Fitch’s websites for explanation of their ratings.
The table shows common equity tier one capital ratio (from 31 March 2013), tier one capital ratio and total capital ratio, and each of these as a percentage of risk weighted credit exposures. Locally incorporated banks are required to calculate capital and risk weighted credit exposures in accordance with the Reserve Bank's policy document entitled Capital Adequacy Framework.
From 30 June 2013 a breakdown of assets is shown. Up to 31 March 2013 only the amount of total assets was shown. The percentage change in total assets over the last 12 months is also shown.
From 30 June 2013 a breakdown of liabilities and equity is shown.
The table shows the value those assets that have been identified as impaired and from 30 June 2013 the value of those assets that are 90 days past due that are not considered impaired. The table now also shows the ratio of these two items as a percentage of gross lending. Up to 31 March 2013 the table shows impaired assets as a percentage of total assets.
Up to 31 March 2013 the table shows the peak number of credit exposures over the past quarter to individual customers, or groups of closely related customers. Exposures are calculated as a percentage of equity, and disclosed as the number of exposures within percentage ranges of equity. (Banks are required to disclose peak exposures within 10 percent equity bands. However, some aggregation has been used in the table - readers are advised to refer to the banks' disclosure statements for detailed peak credit exposure concentration information.) Customers are subdivided into banks and non-banks.
Up to 31 March 2013 the table shows the peak credit exposure to connected persons over the past quarter. (It shows both the exposure to all connected persons and the exposure to non-bank connected persons.) The exposures are shown as an amount and as a percentage of tier one capital.
From 30 June 2013 the value of the profit earned over the past 12 months to the end of the period. Up to 31 March 2013 it was the value of the profit earned from the beginning of the current accounting period up to the end of the period.
Also called return on assets, it is the net profit as a percentage of the average assets over the past 12 months.
Also called return on equity, it is the net profit as a percentage of the average equity over the past 12 months.
Common equity tier one capital is capital that is permanently and freely available to absorb losses without the bank being obliged to cease trading. It generally comprises ordinary share capital and retained earnings but excludes perpetual preference shares which are included in tier one capital. Total capital consists of tier one capital plus other capital (called tier two capital) which can only absorb losses in the event of a winding up (eg, revaluation reserves, redeemable preference shares, subordinated debt), less certain deductions (eg, unrealised revaluation losses). See the Reserve Bank's policy document entitled Capital Adequacy Framework issued in March 2005.
Cash or items readily convertible into cash, claims on the Reserve bank of New Zealand, deposits and placements with other institutions.
Securities include trading securities, available for sale investments and held to maturity securities.
Total loans before the deduction of provisions.
Mortgage lending has been obtained from residential mortgages loan-to-value information.
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.
An amount that has been charged to profit and loss against identified credit losses or an identified deterioration in the value of an asset.
An amount that has been charged to profit and loss against assets where credit losses in value of assets is collectively assessed.
A security whose price is dependent upon or derived from one or more underlying assets.
All other assets, including amounts due from related parties and goodwill.
The sum of all assets.
Shareholders’ capital including ordinary capital, retained earnings, perpetual preference shares, other reserves and non-controlling interests.
Borrowings which rank below all other borrowing for repayment should the organisation fail.
All forms of funding except Subordinated debt. Includes transactional and saving accounts, term deposits, certificate of deposits and amounts due to related parties.
All other liabilities.
Any credit exposure for which it is probable that the bank will not be able to collect all amounts owing, and any credit exposure on which the original terms have been changed to grant the debtor a concession, and any asset acquired through the enforcement of security.
Any credit exposure that has been outside its terms and conditions for more than 90 days.
The banking group consists of the New Zealand business of the registered bank. For overseas incorporated banks this usually comprises the New Zealand branch of the overseas bank and subsidiaries of the parent bank incorporated in New Zealand. For locally incorporated banks the banking group usually comprises the bank and its subsidiaries.
Any person or entity that has an ownership interest in the registered bank. Any other entity in which the owner has a substantial interest and any person or entity that has a substantial interest in the owner are also included. (A person or entity holds a substantial interest in an entity if they: own, or receive dividends from, or control more than 20 percent of the shares in an entity; or control the composition of the board of directors, or the management of the company.)
This includes both on-balance sheet exposures (e.g. loans to customers) and off-balance sheet contracts that expose a bank to credit risk (e.g. the provision of guarantees). Exposures are risk weighted according to broad categories of relative credit risk.
Between 1 January 2005 and 1 July 2007, banks in New Zealand changed accounting 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 financial 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 |