Previous Years: | Quarterly: | |||||||||||||
Jun 2012 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | |||||||||
Interest income | ||||||||||||||
Total interest income | 1 | 5,143 | 4,977 | 5,086 | 5,133 | 5,162 | 5,420 | |||||||
Cash and deposits | .. | .. | 86 | 74 | 75 | 85 | ||||||||
Debt securities | .. | .. | 281 | 326 | 367 | 311 | ||||||||
Housing loans | .. | .. | 2,478 | 2,525 | 2,499 | 2,636 | ||||||||
Other loans | .. | .. | 2,208 | 2,206 | 2,202 | 2,361 | ||||||||
Derivative interest income | .. | .. | 18 | -14 | -2 | 9 | ||||||||
Other interest income | .. | .. | 16 | 16 | 20 | 19 | ||||||||
Interest expense | ||||||||||||||
Total interest expense | 1 | 3,107 | 2,962 | 2,936 | 2,991 | 2,949 | 3,210 | |||||||
Deposits | .. | .. | 1,866 | 1,859 | 1,850 | 1,984 | ||||||||
Debt securities | .. | .. | 484 | 504 | 490 | 495 | ||||||||
Borrowings | .. | .. | 342 | 328 | 303 | 333 | ||||||||
Derivative interest expense | .. | .. | 235 | 291 | 300 | 393 | ||||||||
Other interest expense | .. | .. | 8 | 10 | 6 | 5 | ||||||||
Net interest income | ||||||||||||||
Net interest income | 1 | 2,036 | 2,015 | 2,150 | 2,143 | 2,213 | 2,210 | |||||||
Other income | ||||||||||||||
Total other income | 1 | 634 | 842 | 564 | 705 | 683 | 744 | |||||||
Derivatives | .. | .. | -122 | 152 | -25 | 123 | ||||||||
Trading | .. | .. | 90 | 0 | 76 | 79 | ||||||||
Other fair value adjustments | .. | .. | 44 | -70 | -35 | -85 | ||||||||
Fees and commission | .. | .. | 521 | 503 | 492 | 504 | ||||||||
Other | .. | .. | 29 | 118 | 174 | 120 | ||||||||
Share of profit and loss of associates and joint ventures | .. | .. | 3 | 2 | 1 | 3 | ||||||||
Total operating income | ||||||||||||||
Total operating income | 1 | 2,670 | 2,857 | 2,714 | 2,848 | 2,896 | 2,954 | |||||||
Operating expenses | ||||||||||||||
Total operating expenses | 1 | 1,214 | 1,220 | 1,185 | 1,185 | 1,192 | 1,208 | |||||||
Personnel | .. | .. | 625 | 652 | 617 | 650 | ||||||||
Fees and commission | .. | .. | 110 | 102 | 100 | 102 | ||||||||
Other | .. | .. | 450 | 431 | 475 | 455 | ||||||||
Impairment | ||||||||||||||
Total impaired asset expenses | 1 | 142 | 143 | 104 | 56 | 36 | 77 | |||||||
Individual provisions for losses on loans | .. | .. | 143 | 55 | 66 | 95 | ||||||||
Collective loan loss provisions | .. | .. | -61 | 1 | -38 | -45 | ||||||||
Debt write-offs | .. | .. | 52 | 26 | 34 | 42 | ||||||||
Recoveries | .. | .. | -19 | -18 | -20 | -14 | ||||||||
Other | .. | .. | -11 | -9 | -6 | -1 | ||||||||
Profit | ||||||||||||||
Profit before tax | 1 | 1,314 | 1,494 | 1,425 | 1,607 | 1,668 | 1,669 | |||||||
Income tax | 1 | 354 | 426 | 391 | 429 | 460 | 471 | |||||||
Profit after tax | 1 | 961 | 1,069 | 1,034 | 1,178 | 1,208 | 1,198 | |||||||
Other comprehensive income after tax | .. | .. | -15 | -43 | -23 | -59 | ||||||||
Profit including other comprehensive income | .. | .. | 1,019 | 1,135 | 1,185 | 1,139 | ||||||||
Profit attribution | ||||||||||||||
To non-controlling interest | 1 | 6 | 5 | 7 | 5 | 5 | 5 | |||||||
To equity holders of the parent | 1 | 955 | 1,064 | 1,012 | 1,130 | 1,180 | 1,134 | |||||||
Registered banks | ||||||||||||||
Number of registered banks | 21 | 22 | 22 | 23 | 23 | 23 | ||||||||
1 | Data may not be comparable over time due to changes in accounting standards. See background notes for more detail http://www.rbnz.govt.nz/statistics/tables/s20 | |||||||||||||
Last updated 09 October 2014 |
||||||||||||||
Source: Reserve Bank of New Zealand |
The Data: Coverage, Periodicity, and Timeliness |
|
Coverage characteristics |
Since June 2013, the Reserve Bank has conducted a monthly survey of registered banks’ financial performance. Data from 1 July 2013 in this table is sourced from the Registered Bank Income Statement Survey (ISS). Earlier data (to provide a historical context) has been sourced from registered banks’ Disclosure Statements and the Net Interest Margin Survey. The income data presented in the tables are calculated by aggregating the consolidated information for registered banks.
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. |
Volatility |
As the data are quarterly income and expense flows they will tend to be more volatile than balance sheet data. Movements in interest rates, exchange rates, and the number of days in a quarter will all have an influence on the flows along with one-off income or expense items that occur in a single quarter. |
Retail banks |
For the purposes of table S20, the sub-set of retail banks are locally-incorporated registered banks, including their banking groups where applicable, with a significant proportion of both their liabilities and assets with the household sector as a counterparty.
The retail banks are: Australia and New Zealand Banking Group Ltd, Bank of Baroda (New Zealand) Limited, Bank of India (New Zealand) Limited, Bank of New Zealand, China Construction Bank (New Zealand) Limited, Commonwealth Bank of Australia, The Co-operative Bank Limited, Heartland Bank Limited, Industrial and Commercial Bank of China (New Zealand) Limited, Kiwibank Limited, Southland Building Society, TSB Bank Limited, Westpac Banking Corporation |
Periodicity |
Quarterly |
Timeliness |
Data is released approximately two months after the reference quarter. |
Access by the public |
|
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 |
|
Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses |
Data are collected under Section 93 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. 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 |
|
Dissemination of documentation on methodology and sources used in preparing statistics |
An Excel template is completed and returned each month by all survey respondents. The template includes a PDF file that specifies procedures and definitions for survey respondents. |
Dissemination of registered bank statistics that support statistical cross-check and provide assurance of reasonableness |
Disclosure statements published by registered banks provide checks for reasonableness. The Reserve Bank is the prudential regulator of registered banks and monitors their compliance with statutory requirements. |
While the most recent data (from 1 July 2013) is sourced from the ISS, to provide a historical context data from other sources has been used. This includes the Net Interest Margin Survey and publicly available Disclosure Statements. The information available from these other sources is not as detailed as that provided by the ISS. While all the data is based on generally accepted accounting standards (GAAP) these have changed over time particularly over 2005 – 2007 when New Zealand moved to the international standards. A fuller explanation of that changeover is provided below. Consequently some of the data may not be fully comparable. |
|
Changes to accounting standards |
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 from banks’ disclosure statements. Between 2005 and 2007 data is a combination of data reported under the two sets of accounting standards. For the 31 December 2005 quarter, 92 percent of the total assets of registered banks reported were held by banks using NZ IFRS. Banks adopted NZ IFRS from the following dates: --------------------------------------------------- The Hongkong 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 |
Income Statement |
|
Total interest income |
The value of interest earned on interest-earning assets. |
Interest from cash and deposits |
Interest earned from accounts with the Reserve Bank and from deposits (other than securities) with other banks. |
Interest from debt securities |
Interest earned from securities that can be bought or sold during the life of the security. Debt securities include government bonds, corporate bonds, CDs, local body bonds, preferred stock, collateralised securities (such as CDOs, CMOs, GNMAs) and zero-coupon securities. |
Interest from housing loans |
Interest earned from loans secured by residential property (excluding for business purposes). Residential property includes houses, apartments, flats, holiday homes etc. |
Interest from other loans |
Interest received from non-housing loans. Includes credit card loans, unsecured loans, and business loans. |
Derivative interest income |
Net interest flows for hedges associated with assets. The value can be positive or negative. |
Other interest income |
All other interest income not included elsewhere. |
Total interest expense |
The value of interest incurred on interest-bearing liabilities. |
Interest incurred on deposits |
Interest incurred on deposits that have been placed with the bank. |
Interest incurred on debt securities |
Interest incurred on securities issued by the bank that can be bought or sold during the life of the security. |
Interest incurred on borrowing |
Interest incurred on loans supplied to the bank. |
Derivative interest expense |
Net interest flows for hedges associated with liabilities. The value can be positive or negative. |
Other interest expense |
All other interest expense incurred not included elsewhere. |
Net interest income |
Interest income less interest expense. |
Total income earned by the bank other than that generated from interest. |
|
Derivative income |
Derivative income that was not reported as interest. The value can be positive or negative. |
Trading income |
Income, other than interest income, earned from financial assets classified as held for trading. The value can be positive or negative. |
Other fair value adjustments |
Includes all fair value adjustments through the income statement not included elsewhere. The value can be positive or negative. |
Fees and commission income |
Income from customers for the provision of services. Includes credit cards, transaction/ deposit account services and credit facility related fees. |
Other income |
All other income not included elsewhere. |
Share of profit and loss of associates and joint ventures accounted for using the equity method |
Income from associates and joint ventures accounted for using the equity method. |
Total operating income |
Net interest income plus total other income. |
Total operating expenses |
Expenses incurred other than interest or on the impairment of an asset. |
Personnel expenses |
Expenses related to the employment of the staff of the banks. |
Fees and commission expenses |
Fees and commission incurred for services provided to the banks. |
Other operating expenses |
All other expenses not included elsewhere. |
Impaired asset expenses |
Amounts charged against income to provide against potential or actual loan losses. Includes write backs when potential losses don’t eventuate. |
Other comprehensive income |
Primarily fair value movements taken directly to equity and therefore not included in profit. |
Profit before tax |
Profit (or loss) before deducting tax expense. |
Profit after tax |
Profit (or loss) after income tax expense. |
Profit attributable to non-controlling interest |
The share of profit in partly owned subsidiary companies that belong to the other shareholders of those subsidiaries. |
Profit attributable to equity holders of the parent |
Profit available to the shareholders of the registered banks. |
Balance sheet |
|
Total assets |
Total assets held by banks. |
Interest-earning assets |
Interest-earning assets held by banks. |
Total liabilities |
Total liabilities held by banks. |
Interest-bearing liabilities |
Interest-bearing liabilities held by banks. |
Equity |
Shareholders’ capital including ordinary capital, retained earnings, perpetual preference shares, other reserves and head office accounts of overseas-incorporated banks. |
Number of registered banks |
All banks operating in New Zealand must be registered with the Reserve Bank of New Zealand. The number of registered banks has varied over time. For a history of banks registered in New Zealand see the list of past and present banks. |
Ratios |
|
Return on assets |
Profit after tax as a percentage of average total assets. Data has been annualised by multiplying by the number of days in the year / number of days in the quarter. |
Return on equity |
Profit after tax of banks incorporated in New Zealand as a percentage of their average equity. Data has been annualised by multiplying by the number of days in the year / number of days in the quarter. |
Interest income to interest-earning assets |
Interest income as a percentage of average interest-earning assets. Data has been annualised by multiplying by the number of days in the year / number of days in the quarter. |
Interest expense to interest-bearing liabilities |
Interest expense as a percentage of average interest-bearing liabilities. Data has been annualised by multiplying by the number of days in the year / number of days in the quarter. |
Net interest margin |
Net interest income as a percentage of average interest-earning assets. Data has been annualised by multiplying by the number of days in the year / number of days in the quarter. |
Other income to total operating income |
Other income as a percentage of total operating income. |
Other income to total assets |
Other income as a percentage of average total assets. Data has been annualised by multiplying by the number of days in the year / number of days in the quarter. |
Operating expenses to total operating income |
Total operating expenses as a percentage of total operating income. |
Operating expenses to total assets |
Total operating expenses as a percentage of average total assets. Data has been annualised by multiplying by the number days in the year / number of days in the quarter. |
Impaired asset expenses to total operating income |
Total impaired assets expenses as a percentage of total operating income. |
Notes
Invdividual 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.