The voice of the banking industry working to support a successful banking system that benefits New Zealand
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The Code of Banking Practice sets out good banking practices. Members of the New Zealand Bankers' Association agree to observe these practices as a minimum standard to maintain good relationships and communications with their customers.
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Member banks of the Association have agreed a number of standard form Deeds and Letters of Subordination and Priority that can be used where two, or three, lenders have competing interests in the one debtor's land or personal property.
More about Priority Documents
Financial literacy is the cornerstone of a healthy and vibrant economy and is strongly supported by the New Zealand banking sector. It helps people make informed choices to improve their financial well-being.
More about Financial Literacy
Code of Banking Practice
Banks employ 26,000 people in NZ * In 2012 banks directly contributed $6 billion to the NZ economy *
In 2012 banks spent $4.7 billion to run their businesses in NZ * In 2012 banks paid $1.3 billion in tax * NZ banks have an asset base of $400 billion * In 2012 the return on assets was 0.93% *
NZ has over 1200 bank branches * NZ has over 2500 bank ATMs *
Banks’ average net interest margin in 2012 was 2.25%, down from 2.6% in 2003 *
NZ banks have an average total capital adequacy ratio of 12.9% *
Loans to business at December 2012 totalled $155 billion *
Loans to households at December 2012 totalled $185 billion *
32% of NZ households have a mortgage *
There were 1.4 million mortgages in NZ at December 2012 *
Only 1% of households have loan-to-value ratios over 80% and debt servicing ratios above 50% *
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Are you ready for retirement?
The Retirement Commissioner talks to Kiwis about their retirement plans here. What's your story? See more here, and check out Sorted.
Unravelling Financial Jargon
This free e-book offers plain language alternatives to explain the specialist language of the financial sector. Download Unravelling Financial Jargon.
If you have information about criminal activity you can report it anonymously by calling Crimestoppers on 0800 555 111. More information about Crimestoppers is available here.
Learn about high LVR lending limits here.
You and the new money laundering law
All New Zealand banks have introduced enhanced customer identification requirements. Find out more here.
Open Bank Resolution
Learn about the Reserve Bank's OBR policy here.
New Zealand Bankers' Association
Telephone: 04 802 3358
Facsimile: 04 473 1698
80 The Terrace
P O Box 3043