Banks employ over 25,000 people in NZ * In 2013 banks directly contributed $6 billion to the NZ economy *
In 2013 banks spent $4.5 billion running their businesses in NZ * In 2013 banks paid $1.5 billion in tax * NZ banks have an asset base of $403 billion * In 2013 the return on assets was 1% *
NZ has around 1200 bank branches * NZ has over 2500 bank ATMs *
Banks’ average net interest margin in 2013 was 2.26%, down from 2.6% in 2003 *
NZ banks have an average total capital adequacy ratio of 12.5% *
Loans to business at December 2013 totalled $131 billion *
Loans to households at December 2013 totalled $190 billion *
33% of NZ households have a mortgage *
There were 1.4 million mortgages in NZ at December 2013 *
Get NZBA news on Twitter @NZBankers
Find out about the US Foreign Account Tax Compliance Act and how it might affect you here.
All New Zealand banks have introduced enhanced customer identification requirements. Find out more here.
This free e-book offers plain language alternatives to explain the specialist language of the financial sector. Download Unravelling Financial Jargon.
Learn about the Reserve Bank's OBR policy here.
New Zealand is now ready to comply with US tax law that aims to reduce tax evasion by US persons who have financial accounts outside the United States said the New Zealand Bankers’ Association today.Download document on New Zealand ready for FATCA
2014 is shaping up to be another busy year for banks. It will largely be about continuing innovation and meeting customer demands in a very competitive environment, and bedding in recent regulatory changes.Download document on Bedding in change and staying ahead of the game
New Zealand Bankers' Association
Telephone: 04 802 3358
Facsimile: 04 473 1698
80 The Terrace
P O Box 3043