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NZ trading bank leverage

Posted in Saving

The data on this page is sourced directly from each bank's quarterly Disclosure Statement (DS or GDS). 'Leverage' refers to the number of times the total assets of a bank (principally their loans and advances to clients) are larger than the shareholder's investment (including retained earnings) in the bank.

You can read our Opinion about what this data means to New Zealand here >>

It is the job of the Reserve Bank to regulate banks, and they report on how they are doing in their half-yearly Financial Stability Reports.

De-risking banks is an important public task, and shareholders are going to need to accept lower returns when that happens.

Updated 27 March 2013
                
(see Notes below) ANZ ASB BNZ Kiwibank Rabobank SBS TSB Westpac   Totals
  times  times   times   times   times  times  times times   times

Leverage:
the number of times Assets exceed shareholder funds
 
 
 
 
 
  
 
Mar-08 12.0 20.0 14.3 22.4 23.1 15.6 12.5 11.8   13.7
Jun-08
11.9
 18.6
14.7
22.2
21.1
15.9
12.4
12.4
  
14.1
Sep-08
11.7
 24.2
16.3
27.3
21.2
15.6
12.4
14.5
  
15.6
Dec-08
13.2
 24.3
19.2
32.3
22.3
17.0
12.1
11.1
  
15.7
Mar-09
12.5
 23.7
17.9
27.9
22.7
16.3
12.6
14.9
  
16.0
Jun-09
11.8
 20.7
18.6
29.2
24.5
15.9
12.4
14.8
  
15.4
Sep-09
11.7
 20.4
18.7
28.0
24.8
15.6
12.6
14.5
  
15.3
Dec-09
11.1
 19.5
16.9
28.6
26.0
15.3
12.9
14.4
  
14.7
Mar-10
10.8
 18.7
16.9
26.8
25.0
14.8
13.3
14.4
  
14.4
Jun-10
10.5
 17.9
17.2
20.8
26.0
14.4
13.1
13.8
  
14.0
Sep-10
11.1
 17.4
17.4
21.3
11.6
14.2
13.0
13.6
  
14.1
Dec-10
10.7
 16.7
17.4
21.6
11.2
13.9
13.3
13.6
  
13.7
Mar-11 10.9 16.0 16.9 23.3 11.3  13.9 13.5
13.7
  
13.8
Jun-11 10.7 16.0 17.2  22.8 11.2 13.7 13.3 13.2   13.4
Sep-11 11.0 16.6 17.0 23.4 11.8 13.6 13.1 13.5   13.9
Dec-11 10.2 16.3 15.3 20.6 11.4 13.4 13.1 11.9   12.7
Mar-12 10.6 16.0 15.3 20.1 11.1 13.2 13.1 11.8   12.9
Jun-12 10.5 15.2 13.9 19.7 11.8 12.6 12.7 12.2   12.7
Sep-12 11.1 14.8 13.9 19.3 10.4 12.9 12.5 11.9   12.7
Dec-12 10.9 13.9 13.8 18.8 10.3 12.4 12.4 11.8   12.5

 

This data is calculated from the following ...

 

(see Notes below) ANZ ASB BNZ Kiwibank Rabobank SBS TSB Westpac   Totals
   NZ$mil   NZ$mil   NZ$mil   NZ$mil   NZ$mil   NZ$mil   NZ$mil   NZ$mil     NZ$mil

Total Assets:

  
 
 
 
 
 
 
  
 
Mar-08 112,514 58,043 58,958 6,618 4,933 2,426 3,169 48,988   301,648
Jun-08
114,896
 59,350
60,243
7,230
5,241
2,565
3,282
51,015
  
310,185
Sep-08
122,915
 62,933
64,209
8,183
5,534
2.612
3,404
54,509
  
330,296
Dec-08
132,127
 65,343
76,086
9,430 
6,015
2,565
3,651
55,951
  
357,358
Mar-09
127,941
 65,530
73,301
9,759
6,303
2,541
3,832
54,368
  
349,662
Jun-09
121,896
 65,230
70,175
10,371
6,582
2,565
3,924
54,584
  
340,584
Sep-09
117,891
 64,784
69,862
10,786
6,847
2,612
4,056
54,509
  
336,238
Dec-09
115,103
 64,650
67,732
12,019
6,936
2,661
4,300
55,357
  
333,529
Mar-10
113,577
 64,581
67,268
12,076
7,107
2,628
4,405
56,254
  
332,765
Jun-10
113,258
 63,557
68,005
 12,238 
7,376
2,581
4,418
55,200
  
331,668
Sep-10
116,458
 64,751
69,647
12,642
7,103
2,572
4,485
55,179
  
337,436
Dec-10
113,803
 63,496
68,634
12,969
7,178
2,826
4,721
56,293
  
334,940
Mar-11 114,313 63,189 68,668  13,846 7,361  2,814  4,850
57,695
  
 337,433 
Jun-11 115,603  63,050 69,468   13,875 7,410 2,838 4,913 56,887   338,882
Sep-11 119,012 63,254 74,085  14,731 7,963 2,849 4,977 60,656   352,460
Dec-11 114,784 65,451 71,487 14,386 7,866 2,845 5,150 67,124   349,094
Mar-12 115,313 64,396 71,716 14,652 7,933 2,842 5,164 67,885   354,938
Jun-12 119,282 63,537 72,929 14,745 8,718 2,788 5,193 69,580   361,893
Sep-12 121,449 63,234 73,111 14,983 8,999 2,878 5,236 68,822   363,643
Dec-12 121,982 65,309 74,032 15,232 9,090 2,832 5,381 70,068   368,865

and ... 

 

(see Notes below) ANZ ASB BNZ Kiwibank Rabobank SBS TSB Westpac   Totals
   NZ$mil   NZ$mil   NZ$mil   NZ$mil   NZ$mil   NZ$mil   NZ$mil   NZ$mil     NZ$mil

Total shareholder funds:
 
 
 
 
 
 
  
 
Mar-08 9,381 2,900 4,118 295 214 155 253 4,136   21,968
Jun-08
9.655
 3,199
4,096
326
248
161
265
4,105
  
22,075
Sep-08
9,807
 2,600
3,933
300
261
167
275
3,764
  
21,136
Dec-08
10,036
 2,693
3,953
292
270
151
302
5,031
  
22,749
Mar-09
10,252
 2,765
4,087
350
277
156
303
3,648
  
21,582
Jun-09
10,333
 3,158
3,770
355
268
161
316
3,679
  
22,066
Sep-09
10,088
 3,176
3,745
385
276
167
323
3,764
  
21,938
Dec-09
10,366
 3,323
4,006
421
266
174
332
3,842
  
22,756
Mar-10
10,532
 3,456
3,975
450
285
178
331
3,908
  
23,129
Jun-10
10,797
 3,548
3,956
589
284
179
337
3,995
  
23,711
Sep-10
10,446
 3,726
4,002
593
614
181
344
4,048
  
23,965
Dec-10
10,680
 3,810
3,944
600
638
203
354
4,134
  
24,392
Mar-11 10,492 3,942 4,070 594 652  202 358
4,209
  
 24,531 
Jun-11 10,766  3,947   4,032  608 663 207 370 4,316   24,928
Sep-11 10,825 3,816 4,349 629 677 209 379 4,496   25,400
Dec-11 11,270 4,021 4,672 699 692 213 392 5,624   27,583
Mar-12 10,925 4,018 4,673 729 712 215 396 5,751   27,420
Jun-12 11,324 4,187 5,247 747 739 221 410 5,708   28,599
Sep-12 10,932 4,282 5,277 778 866 223 420 5,796   28,589
Dec-12 11,220 4,709 5,379 809 884 229 434 5,945   29,626

 

(see Notes below) ANZ ASB BNZ Kiwibank Rabobank SBS TSB Westpac   Totals
  % p.a  % p.a   % p.a   % p.a   % p.a  % p.a  % p.a % p.a   % p.a

Shareholder returns:
NPATx at % of avg Shareholders Funds
 for previous 12 months 
 
 
 
 
 
 
  
 
Mar-08 13.7 17.2 21.0 12.5 11.7  9.4  16.1  17.7   16.1
Jun-08
13.9
 15.7
20.1
12.5
12.6
8.5
15.9
16.6
  
15.7
Sep-08
 12.3 
 15.4
19.7
11.6
14.2
6.4
 16.4 
15.3
  
14.7
Dec-08
10.9
 16.4
21.7
13.2
11.7
6.6
15.3
13.1
  
14.1
Mar-09
9.7
 15.2
19.1
14.8
14.4
7.6
15.0
10.2
  
12.4
Jun-09
7.6
 15.2
0.1
19.7
7.4
8.6
15.4
7.0
  
7.4
Sep-09
2.9 
 7.0
-4.7
19.8
5.6
7.9
15.4
6.2
  
 3.2
Dec-09
3.2
 5.7
-4.4
16.4
3.3
9.1
16.0
4.7
  
 2.9
Mar-10
1.7
 5.6
-4.3
14.9
4.0
8.8
15.7
5.4
  
 2.4
Jun-10
3.3 
 7.0
14.7
10.0
5.8
7.5
13.6
7.1
  
 6.8
Sep-10
7.8 
 14.5
15.1
8.0
10.8
9.0
12.3
7.2
  
10.1
Dec-10
7.9
 14.6
12.1
6.5
15.8
9.2
11.5
8.4
  
9.9
Mar-11 9.0 14.8 11.1 4.1 11.8 7.4 11.4
8.8
  
10.2
Jun-11 9.1 14.7 10.3  3.5  12.4 8.0 12.0 8.6   10.1
Sep-11 10.3 13.8 16.4 4.9 9.5 6.5 12.1 10.1   11.6
Dec-11 11.5 16.7 18.9 9.9 8.0 6.1 12.6 10.4   13.1
Mar-12 11.4 17.3 17.3 12.8 8.8 5.6 12.5 10.6   13.1
Jun-12 12.3 17.1 17.2 13.8 10.8 6.5 12.8 11.3   13.6
Sep-12 11.9 16.6 11.7 14.8 10.6 6.0 12.8 10.7   12.3
Dec-12 11.0 15.8 8.1 16.8 10.5 5.9 9.3 10.8   11.3

 

The term 'leverage' is used loosely on this page. For a fuller discussion about what it really means, see here >>

Topics:

4 Comments

by Bernard Hickey | 15 Dec 11, 4:26pm

This is brilliant

This is brilliant David.

Cheers

Bernard

by Gummy Bear Hero | 15 Dec 11, 4:32pm

Wow ! ...... absolutely

Wow ! ...... absolutely crackerjack shareholder returns from the banks ...... what a shame NZ only has dreary old electricity companies to flog off to Mom , Pop & Iwi ..... , and no banks ......

by Wolly | 16 Dec 11, 4:19am

Take a long hard look

Take a long hard look Gummy...the parasites in all their nakedness...now turn to the budget projections and past peformance to see what impact they have had and are to have, on the host.....

Any time argument about this economies poor performance, about the years of shoddy govt.....just turn to look at the above report.......and if anyone asks you     "where was the Reserve Bank of NZ?"...........all you can say is "asleep on the Terrace"

by Micks | 13 Sep 12, 9:16am

There is an error in the

There is an error in the June-12 Total Assets figure for ASB - should be $63,537