NZ trading bank leverage | interest.co.nz

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.

From March 2018, the new RBNZ Dashboard data release powers our Key Bank Metrics tool. That is here.

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

Updated 31 Aug 2026
(see Notes below)	ANZ	ASB	BNZ	Heartland	Kiwibank	Rabo bank	SBS	TSB	Westpac	Co-op	Totals
	times	times	times	times	times	times	times	times	times	times	times
Leverage: the number of times Assets exceed shareholder funds
Show older Hide older
Mar-08	12.0	20.0	14.3		22.4	23.1	15.6	12.5	11.8		13.8
Jun-08	11.9	18.6	14.7		22.2	21.1	15.9	12.4	12.4		13.8
Sep-08	11.7	24.2	16.3		27.3	21.2	15.6	12.4	14.5		15.4
Dec-08	13.2	24.3	19.2		32.3	22.3	17.0	12.1	11.1		15.5
Mar-09	12.5	23.7	17.9		27.9	22.7	16.3	12.6	14.9		15.7
Jun-09	11.8	20.7	18.6		29.2	24.5	15.9	12.4	14.8		15.2
Sep-09	11.7	20.4	18.7		28.0	24.8	15.6	12.6	14.5		15.1
Dec-09	11.1	19.5	16.9		28.6	26.0	15.3	12.9	14.4		14.5
Mar-10	10.8	18.7	16.9		26.8	25.0	14.8	13.3	14.4		14.2
Jun-10	10.5	17.9	17.2		20.8	26.0	14.4	13.1	13.8	11.8	13.8
Sep-10	11.1	17.4	17.4		21.3	11.6	14.2	13.0	13.6	11.7	13.9
Dec-10	10.7	16.7	17.4		21.6	11.2	13.9	13.3	13.6	13.7	13.5
Mar-11	10.9	16.0	16.9		23.3	11.3	13.9	13.5	13.7	13.7	13.6
Jun-11	10.7	16.0	17.2		22.8	11.2	13.7	13.3	13.2	13.6	13.5
Sep-11	11.0	16.6	17.0		23.4	11.8	13.6	13.1	13.5	13.9	13.7
Dec-11	10.2	16.3	15.3		20.6	11.4	13.4	13.1	11.9	12.8	12.7
Mar-12	10.6	16.0	15.3		20.1	11.1	13.2	13.1	11.8	13.0	12.8
Jun-12	10.5	15.2	13.9		19.7	11.8	12.6	12.7	12.2	12.7	12.5
Sep-12	11.1	14.8	13.9		19.3	10.4	12.9	12.5	11.9	12.7	12.5
Dec-12	10.9	13.9	13.8		18.8	10.3	12.4	12.4	11.8	12.5	12.3
Mar-13	10.7	13.5	13.5		18.3	10.1	12.2	12.4	11.3	12.2	12.0
Jun-13	10.8	13.2	13.6		17.7	10.0	12.1	12.1	10.9	11.2	11.9
Sep-13	10.5	12.8	13.2		17.7	9.1	12.6	12.2	10.7	11.3	11.6
Dec-13	10.3	12.6	13.4		17.5	9.2	12.2	12.1	11.2	11.3	11.6
Mar-14	10.5	12.4	13.2	6.6	16.8	8.7	11.9	11.9	11.0	11.3	11.6
Jun-14	10.4	13.2	13.7	6.6	16.6	8.8	11.7	11.5	11.5	11.5	11.8
Sep-14	10.9	14.1	13.9	6.7	16.6	9.7	11.7	11.4	11.6	11.6	12.2
Dec-14	10.6	14.1	13.3	6.9	16.5	8.5	11.6	12.2	12.1	12.0	12.1
Mar-15	11.6	13.5	12.4	7.1	17.5	8.5	11.7	11.9	11.8	12.0	12.2
Jun-15	12.2	14.1	12.7	7.5	17.8	8.7	12.7	11.7	11.8	12.3	12.6
Sep-15	11.8	13.8	12.3	7.5	18.3	9.0	13.1	11.3	12.5	12.5	12.7
Dec-15	11.6	13.3	12.4	6.9	17.7	8.4	13.2	11.3	12.4	12.7	12.4
Mar-16	12.6	12.3	12.2	7.0	17.7	8.3	13.1	11.6	12.7	13.0	12.6
Jun-16	12.4	12.0	12.7	7.0	17.1	8.4	13.1	11.4	12.7	13.2	12.5
Sep-16	12.7	12.4	13.2	7.1	16.9	8.2	14.1	11.3	13.2	13.4	12.8
Dec-16	12.0	12.1	14.1	7.4	15.5	8.3	15.1	11.3	13.2	13.2	12.7
Mar-17	12.2	12.3	13.8	7.2	17.5	8.0	15.6	11.6	13.0	13.0	12.6
Jun-17	12.1	12.0	14.2	7.1	14.9	8.0	16.6	11.6	12.6	14.1	12.4
Sep-17	12.0	12.0	13.7	7.5	14.7	7.9	14.1	11.8	12.9	14.3	12.4
Dec-17	11.8	11.9	14.2	6.7	14.4	7.7	14.1	11.9	12.6	14.4	12.4
Mar-18	12.1	12.2	13.6	6.9	14.1	7.5	15.6	12.1	12.4	14.5	12.4
Jun-18	12.1	12.2	14.4	6.8	13.9	7.5	14.7	11.9	12.1	14.6	12.4
Sep-18	12.1	12.0	13.5	7.2	13.8	7.6	14.6	11.8	12.3	14.4	12.2
Dec-18	12.0	11.8	14.0	6.8	14.4	7.6	14.5	11.9	12.3	14.1	12.2
Mar-19	12.0	12.1	13.6	6.9	14.6	7.6	14.6	12.0	12.7	14.1	12.3
Jun-19	11.7	12.6	13.6	6.8	14.7	7.7	14.4	11.8	12.3	14.3	12.3
Sep-19	11.7	13.2	13.8	7.2	15.1	7.6	14.6	11.8	13.0	14.6	12.5
Dec-19	11.5	12.5	13.4	7.4	15.2	7.5	14.3	11.8	12.9	14.4	12.2
Mar-20	12.1	13.8	13.7	7.4	16.0	7.6	14.9	12.0	14.4	14.7	13.0
Jun-20	11.7	13.3	13.5	7.2	16.2	7.3	14.1	11.9	13.8	14.5	12.6
Sep-20	11.3	12.9	13.0	6.9	16.6	7.2	13.5	12.0	13.4	14.3	12.3
Dec-20	11.4	12.9	13.2	6.9	16.6	7.2	12.9	12.1	13.4	14.3	12.4
Mar-21	10.9	12.7	12.4	6.6	16.3	7.2	12.4	12.1	13.1	14.0	11.9
Jun-21	11.4	12.3	12.4	6.9	15.8	7.0	11.8	12.0	12.9	13.9	12.0
Sep-21	10.9	13.0	12.1	6.8	16.6	7.0	11.6	12.0	13.4	13.6	12.0
Dec-21	11.0	12.5	12.3	6.9	15.0	7.0	11.5	12.2	13.4	13.3	11.9
Mar-22	11.2	12.1	11.8	7.2	14.2	7.1	11.3	12.4	13.8	12.9	11.9
Jun-22	10.9	12.2	11.9	7.2	14.3	7.5	11.3	12.2	13.5	12.6	11.8
Sep-22	11.3	12.4	11.9	7.5	14.2	7.4	11.2	12.1	13.6	12.5	11.9
Dec-22	10.7	12.0	11.8	7.5	14.5	7.4	11.3	12.2	13.5	12.5	11.6
Mar-23	10.6	11.8	11.2	7.8	14.6	7.4	11.9	12.3	13.7	12.7	11.5
Jun-23	10.4	11.9	11.2	7.6	14.6	7.2	11.7	12.6	13.1	12.8	11.3
Sep-23	10.5	11.6	11.0	8.1	13.4	7.2	11.9	12.8	13.4	13.0	11.3
Dec-23	10.5	12.2	10.6	8.2	13.9	7.0	12.7	12.8	12.0	13.6	11.1
Mar-24	10.5	11.8	10.1	8.4	13.9	7.0	12.4	12.7	12.1	13.3	11.0
Jun-24	10.3	11.5	10.3	5.2	14.0	7.0	12.3	12.5	11.6	13.3	10.7
Sep-24	10.6	11.6	9.8	5.2	14.0	7.0	12.9	12.3	11.3	13.8	9.4
Dec-24	10.8	11.6	10.2	5.1	13.3	6.9	13.0	12.5	11.4	14.2	10.8
Mar-25	10.3	11.9	9.8	5.1	13.2	6.6	12.7	12.2	11.3	14.0	10.6
Jun-25	10.2	11.8	9.7	5.0	13.2	6.7	12.5	12.0	10.9	14.0	10.6
Sep-25	10.6	11.7	9.8	4.8	13.2	6.6	12.4	11.7	11.3	13.9	10.6
Dec-25	10.4	11.4	10.2	4.7	13.5	6.5	12.2	11.7	11.3	13.9	10.6
Mar-26	10.9	11.6	10.5	7.1	13.4	6.5	11.9	11.6	11.4	13.8	10.9
Jun-26	10.5	11.4	10.3	4.8	13.7	6.8	11.9	11.5	11.3	13.9	10.6

(see Notes below)	ANZ	ASB	BNZ	Heartland	Kiwibank	Rabo bank	SBS	TSB	Westpac	Co-op	Totals
	% p.a	% p.a	% 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
Show older Hide older
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	5.8	10.1
Jun-11	9.1	14.7	10.3		3.5	12.4	8.0	12.0	8.6	4.8	9.9
Sep-11	10.3	13.8	16.4		4.9	9.5	6.5	12.1	10.1	3.6	11.5
Dec-11	11.5	16.7	18.9		7.2	8.0	6.1	12.6	10.4	2.9	12.5
Mar-12	11.4	17.3	17.3		10.1	8.8	5.7	12.5	10.6	4.5	12.3
Jun-12	12.3	17.1	17.2		11.3	10.8	6.6	12.8	11.3	5.2	12.9
Sep-12	11.9	16.6	11.7		12.4	10.6	6.1	12.8	10.7	5.7	11.7
Dec-12	11.0	15.8	8.1		12.9	10.5	6.0	12.6	10.8	5.4	10.7
Mar-13	12.1	15.4	9.9		12.7	10.3	6.3	12.5	11.3	4.3	11.6
Jun-13	12.1	14.9	10.9		11.8	9.2	5.5	12.3	11.1	3.6	11.5
Sep-13	12.2	14.8	12.6		11.0	8.6	5.9	10.8	11.4	3.9	11.9
Dec-13	12.9	14.8	13.8		10.4	8.2	6.1	10.6	12.6	4.6	12.6
Mar-14	13.6	14.8	13.9		9.7	7.5	6.8	10.8	12.8	5.1	12.9
Jun-14	13.5	15.2	13.4		10.6	7.7	7.0	10.7	14.1	5.5	13.4
Sep-14	14.4	15.7	15.0		11.1	11.0	8.2	11.4	14.4	5.7	14.4
Dec-14	14.6	16.2	15.3		11.8	9.4	8.3	4.7	14.1	5.8	14.3
Mar-15	14.6	16.4	16.0	11.1	12.3	9.6	8.0	5.2	14.3	6.0	14.5
Jun-15	14.9	16.6	16.7	11.1	12.3	9.1	8.8	4.7	13.8	6.0	14.7
Sep-15	14.8	16.3	15.7	11.1	12.1	6.8	7.8	7.1	14.0	4.3	14.4
Dec-15	13.9	16.1	14.6	11.6	12.2	8.4	7.6	12.7	13.9	6.6	14.0
Mar-16	13.3	15.4	14.0	11.5	12.0	8.6	8.2	11.3	13.7	6.7	13.5
Jun-16	13.1	14.7	12.8	11.7	11.5	9.5	8.7	8.6	13.4	6.6	13.1
Sep-16	12.1	14.4	12.7	11.8	10.7	9.6	9.8	9.0	12.9	6.5	12.6
Dec-16	12.4	14.1	13.3	11.2	9.9	6.7	10.4	9.0	13.1	6.6	12.7
Mar-17	12.6	14.5	12.6	11.5	9.2	6.6	10.4	8.0	12.5	6.2	12.6
Jun-17	12.6	15.0	13.6	11.4	4.2	5.3	10.0	7.4	12.6	6.4	12.7
Sep-17	13.6	15.3	13.8	11.3	3.9	7.1	8.5	7.8	13.3	6.4	13.3
Dec-17	14.5	15.4	14.5	10.9	2.4	7.5	8.4	7.1	13.1	6.4	13.7
Mar-18	14.4	15.2	14.6	10.6	4.0	7.7	8.5	8.6	13.2	5.9	13.4
Jun-18	14.7	15.4	14.1	10.6	8.8	7.5	8.6	9.0	13.1	5.8	13.9
Sep-18	14.8	15.3	14.9	10.6	9.0	7.5	9.8	8.2	12.8	5.6	13.8
Dec-18	14.4	15.3	14.3	10.6	9.8	6.7	10.0	8.6	12.9	5.3	13.6
Mar-19	14.5	16.0	15.2	10.9	8.3	6.3	9.5	7.0	13.6	4.9	13.9
Jun-19	14.5	15.9	15.7	11.3	7.0	5.5	9.5	6.9	13.4	4.7	13.9
Sep-19	13.1	16.1	13.3	11.7	6.5	5.5	9.3	6.9	13.0	3.6	13.0
Dec-19	12.3	15.7	12.8	12.6	6.2	5.5	8.6	6.6	12.2	3.7	12.4
Mar-20	11.3	14.1	10.4	12.3	5.7	5.0	5.6	4.6	9.5	2.6	10.7
Jun-20	10.1	12.2	8.6	11.7	3.6	5.4	5.3	3.9	7.5	3.0	9.2
Sep-20	8.9	11.6	9.0	12.1	3.5	5.6	6.0	3.6	7.3	4.2	8.7
Dec-20	8.7	12.2	9.5	10.8	3.8	5.8	7.3	3.4	8.5	4.8	9.1
Mar-21	9.5	13.6	12.0	10.8	5.1	6.6	11.2	6.0	10.4	7.3	10.6
Jun-21	10.2	15.2	13.1	11.2	7.5	7.0	12.2	6.5	11.9	7.4	11.7
Sep-21	11.7	15.9	14.1	10.9	7.8	7.3	11.8	6.5	11.3	7.9	12.4
Dec-21	12.1	16.1	14.2	12.0	7.4	7.8	10.9	6.1	10.7	7.6	12.6
Mar-22	12.4	15.6	13.8	12.1	6.7	7.5	10.3	5.3	10.7	5.2	12.4
Jun-22	12.8	15.5	13.9	13.2	6.4	7.5	8.8	5.2	11.0	4.7	12.6
Sep-22	13.1	15.7	13.4	12.6	7.1	7.5	8.3	4.5	12.1	4.3	12.8
Dec-22	13.2	15.4	13.7	12.3	7.4	7.4	8.2	4.6	12.2	4.4	12.9
Mar-23	12.5	15.1	13.7	11.9	7.6	8.0	7.7	4.5	11.5	3.4	12.5
Jun-23	12.3	15.0	13.3	10.6	7.5	8.1	7.5	3.5	11.6	3.1	12.3
Sep-23	12.1	13.9	13.2	10.7	7.6	8.3	7.1	3.5	11.7	2.7	9.0
Dec-23	11.4	13.8	12.6	9.0	7.5	8.4	6.4	3.9	11.3	2.5	11.6
Mar-24	12.1	13.8	12.0	7.0	7.6	8.5	8.3	4.4	11.8	4.8	11.8
Jun-24	12.1	13.5	12.1	5.5	7.8	8.3	8.1	4.9	11.5	4.7	11.7
Sep-24	11.7	13.5	11.8	3.8	6.7	7.9	8.0	4.8	11.7	3.8	11.4
Dec-24	12.9	13.3	11.1	2.0	7.0	7.0	7.9	4.4	11.7	3.5	11.5
Mar-25	13.0	13.3	11.7	2.4	6.7	6.4	5.6	5.4	11.3	2.8	11.5
Jun-25	13.0	12.9	11.1	1.9	6.5	6.2	5.5	5.6	11.4	2.7	11.4
Sep-25	13.5	12.2	11.1	2.1	6.8	6.0	5.1	6.1	11.0	3.6	11.3
Dec-25	13.2	11.1	11.2	3.8	6.3	6.3	4.9	6.1	11.2	3.3	11.1
Mar-26	13.1	10.5	8.6	4.7	5.9	6.5	4.5	5.4	10.9	2.2	10.3
Jun-26	12.7	10.2	8.3	4.6	5.2	5.9	3.8	5.1	10.1	1.9	9.9

This data is calculated from the following ...

(see Notes below)	ANZ	ASB	BNZ	Heartland	Kiwibank	Rabo bank	SBS	TSB	Westpac	Co-op	Totals
	NZ$mil	NZ$mil	NZ$mil	NZ$mil	NZ$mil	NZ$mil	NZ$mil	NZ$mil	NZ$mil	NZ$mil	NZ$mil
Total Assets:
Show older Hide older
Mar-08	112,514	58,043	58,958		6,618	4,933	2,426	3,169	48,988		295,649
Jun-08	114,896	59,350	60,243		7,230	5,241	2,565	3,282	51,015		303,822
Sep-08	122,915	62,933	64,209		8,183	5,534	2.612	3,404	54,509		324,299
Dec-08	132,127	65,343	76,086		9,430	6,015	2,565	3,651	55,951		351,168
Mar-09	127,941	65,530	73,301		9,759	6,303	2,541	3,832	54,368		343,575
Jun-09	121,896	65,230	70,175		10,371	6,582	2,565	3,924	54,584		335,327
Sep-09	117,891	64,784	69,862		10,786	6,847	2,612	4,056	54,509		331,347
Dec-09	115,103	64,650	67,732		12,019	6,936	2,661	4,300	55,357		328,758
Mar-10	113,577	64,581	67,268		12,076	7,107	2,628	4,405	56,254		327,896
Jun-10	113,258	63,557	68,005		12,238	7,376	2,581	4,418	55,200	1,409	328,042
Sep-10	116,458	64,751	69,647		12,642	7,103	2,572	4,485	55,179	1,422	334,259
Dec-10	113,803	63,496	68,634		12,969	7,178	2,826	4,721	56,293	1,452	331,372
Mar-11	114,313	63,189	68,668		13,846	7,361	2,814	4,850	57,695	1,452	334,188
Jun-11	115,603	63,050	69,468		13,875	7,410	2,838	4,913	56,887	1,458	335,502
Sep-11	119,012	63,254	74,085		14,731	7,963	2,849	4,977	60,656	1,453	348,980
Dec-11	114,784	65,451	71,487		14,386	7,866	2,845	5,150	67,124	1,459	350,552
Mar-12	115,313	64,396	71,716		14,652	7,933	2,842	5,164	67,885	1,451	351,352
Jun-12	119,282	63,537	72,929		14,745	8,718	2,788	5,193	69,580	1,474	358,246
Sep-12	121,449	63,234	73,111		14,983	8,999	2,878	5,236	68,822	1,480	360,192
Dec-12	121,982	65,309	74,032		15,232	9,090	2,832	5,381	70,068	1,516	365,442
Mar-13	119.077	65,588	72,798		15,371	9,116	2,830	5,429	69,660	1,522	361,391
Jun-13	122,669	66,570	76,109		15,209	9,274	2,871	5,472	69,177	1,526	368,877
Sep-13	120,438	66,757	75,310		15,664	9,576	2,813	5,559	70,512	1,559	368,188
Dec-13	121,610	67,522	75,663		16,112	9,788	2,810	5,684	72,369	1,603	373,161
Mar-14	123,825	68,612	76,922	2,446	16,427	9,436	2,788	5,682	73,148	1,623	378,463
Jun-14	125,874	68,380	76,033	2,390	16,676	9,795	2,789	5,655	73,861	1,672	388,234
Sep-14	128,915	69,694	79,685	2,453	16,972	10.163	2,828	5,736	74,449	1,713	397,419
Dec-14	129,845	70,551	79,813	2,568	17,161	10,659	2,829	5,908	76,861	1,780	402,628
Mar-15	135,357	72,674	82,083	2,648	18,054	11,219	2,862	5,912	77,199	1,806	414,623
Jun-15	146,428	75,903	85,816	2,798	18,344	10,772	3,098	5,991	79,899	1,849	436,849
Sep-15	147,527	77,104	86,787	2,852	18,813	11,219	3,167	6,208	79,925	1,907	441,610
Dec-15	148,369	77,523	86,984	3,344	18,996	10,772	3,290	6,299	82,049	1,983	445,810
Mar-16	157,156	80,880	90,078	3,389	19,373	10,805	3,412	6,427	82,515	2,041	462,377
Jun-16	160,332	81,606	92.093	3,547	19,357	11,076	3,510	6,475	84,714	2,121	471,230
Sep-16	160,819	84,735	92,541	3,655	19,540	11,117	3,548	6,522	86,307	2,194	473,727
Dec-16	157,701	86,986	94,137	3,820	20,008	11,307	3,745	6,629	90,381	2,271	479,570
Mar-17	155,801	87,919	94,023	3,896	20,428	11,171	3,994	6,802	86,868	2,363	479,667
Jun-17	159,407	88,628	95,324	4,034	20,616	11,312	4,060	6,957	87,129	2,448	479,916
Sep-17	153,973	88,914	95,315	4,222	20,449	11,427	4,237	7,071	88,627	2,527	472,545
Dec-17	156,781	91,374	97,742	4,307	20,381	11,320	4,347	7,278	89,403	2,589	481,221
Mar-18	156,362	92,450	97,065	4,388	20,498	11,319	4.455	7,416	90,290	2,629	482,489
Jun-18	161,510	95,412	101,648	4,495	20,715	11,510	4,500	7,454	91,294	2,660	496,709
Sep-18	159,012	95,759	99,991	4,596	20,935	11,765	4,573	7,526	89,871	2,688	496,719
Dec-18	162,767	97,002	102,536	4,018	22,039	11,977	4,660	7,733	91,703	2,795	507,228
Dec-19	163,373	97,152	103,757	4,054	22,514	12,200	4,754	7,819	93,004	2,786	511,414
Jun-19	164,964	98,467	105,313	4,139	22,734	12,520	4,791	7,920	92,924	2,854	516,627
Sep-19	169,416	102,276	109,111	4,206	23,584	12,509	4,863	8,075	96,676	2,927	533,644
Dec-19	169,733	100,547	108,288	4,262	24,085	12,543	4,948	8,130	97,638	2,948	533,122
Mar-20	183,059	106,595	118,500	4,315	25,249	12,831	4,941	8,179	106,577	2,979	573,226
Jun-20	181,314	105,212	114,452	4,322	25,509	12,492	4,836	8,332	102,987	3,007	562,464
Sep-20	179,744	106,034	112,309	4,287	26,645	12,649	4,842	8,575	103,183	3,047	561,319
Dec-20	186,154	109,230	117,287	4,358	27,283	12,722	4,839	8,761	106,744	3,046	580,442
Mar-21	183,544	112,419	114,314	4,297	27,546	12,889	4,832	8,789	107,594	3,122	579,345
Jun-21	186,803	112,644	118,549	4,419	28,299	12,871	4,789	8,725	109,113	3,171	589,383
Sep-21	184,769	115,498	119,122	4,483	29,379	13,095	4,889	8,780	112,380	3,193	595,588
Dec-21	190,354	116,839	123,038	4,703	30,969	13,296	5,024	8,934	115,836	3,239	612,234
Mar-22	190,491	119,044	124,060	4,857	30,589	13,717	5,219	8,960	117,422	3,194	617,553
Jun-22	193,018	121,522	126,851	5,159	31,547	14,709	5,421	8,925	118,409	3,189	628,750
Sep-22	201,134	124,048	131,420	5,264	32,017	14,814	5,519	8,942	119,818	3,260	646,238
Dec-22	195,601	124,485	130,242	5,409	33,368	15,037	5,771	9,123	122,361	3,330	644,727
Mar-23	188,995	125,614	126,459	5,476	33,505	15,487	6,005	9,144	122,047	3,343	636,076
Jun-23	191,718	126,896	130,406	5,564	33,838	15,318	6,050	9,194	120,408	3,409	642,801
Sep-23	194,289	126,920	130,065	5,714	33,909	15,709	6,256	9,355	122,640	3,466	648,323
Dec-23	197,861	126,445	131,374	5,729	35,393	15,703	6,420	9,420	123,877	3,531	655,753
Mar-24	196,166	126,656	128,928	5,823	35,818	16,058	6,490	9,444	123,846	3,493	652,723
Jun-24	194,751	127,089	128,208	6,291	36,650	16,375	6,509	9,349	122,720	3,509	651,451
Sep-24	199,176	127,381	130,737	6,117	37,400	16,537	6,632	9,400	123,196	3,528	660,106
Dec-24	209,899	131,899	135,040	5,986	39,502	16,599	6,736	9,621	126,824	3,648	685,757
Mar-25	200,893	132,375	133,148	5,907	39,666	16,243	6,695	9,635	125,125	3,625	673,314
Jun-25	205,507	135,163	136,404	5,892	40,659	16,658	6,676	9,551	123,948	3,689	684,147
Sep-25	209,990	138,424	135,602	5,619	41,345	16,569	6,696	9,491	128,271	3,709	695,716
Dec-25	212,728	139,715	138,392	5,591	43,073	16,753	6,815	9,538	131,821	3,742	708,168
Mar-26	219,232	142,638	143,727	5,032	43,351	16,822	6,745	9,501	129,999	3,718	724,765
Jun-26	216,904	143,557	144,519	5,633	44,878	17,964	6,817	9,578	131,595	3,779	725,224

(see Notes below)	ANZ	ASB	BNZ	Heartland	Kiwibank	Rabo bank	SBS	TSB	Westpac	Co-op	Totals
	NZ$mil	NZ$mil	NZ$mil	NZ$mil	NZ$mil	NZ$mil	NZ$mil	NZ$mil	NZ$mil	NZ$mil	NZ$mil
Total shareholder funds:
Show older Hide older
Mar-08	9,381	2,900	4,118		295	214	155	253	4,136		21,452
Jun-08	9.655	3,199	4,096		326	248	161	265	4,105		22,055
Sep-08	9,807	2,600	3,933		300	261	167	275	3,764		21,107
Dec-08	10,036	2,693	3,953		292	270	151	302	5,031		22,728
Mar-09	10,252	2,765	4,087		350	277	156	303	3,648		21,838
Jun-09	10,333	3,158	3,770		355	268	161	316	3,679		22,040
Sep-09	10,088	3,176	3,745		385	276	167	323	3,764		21,924
Dec-09	10,366	3,323	4,006		421	266	174	332	3,842		22,730
Mar-10	10,532	3,456	3,975		450	285	178	331	3,908		23,115
Jun-10	10,797	3,548	3,956		589	284	179	337	3,995	119	23,804
Sep-10	10,446	3,726	4,002		593	614	181	344	4,048	121	24,075
Dec-10	10,680	3,810	3,944		600	638	203	354	4,134	124	24,487
Mar-11	10,492	3,942	4,070		594	652	202	358	4,209	124	24,643
Jun-11	10,766	3,947	4,032		608	663	207	370	4,316	125	24,834
Sep-11	10,825	3,816	4,349		629	677	209	379	4,496	126	25,506
Dec-11	11,270	4,021	4,672		699	692	213	392	5,624	127	27,710
Mar-12	10,925	4,018	4,673		729	712	215	396	5,751	127	27,546
Jun-12	11,324	4,187	5,247		747	739	221	410	5,708	131	28,714
Sep-12	10,932	4,282	5,277		778	866	223	420	5,796	132	28,706
Dec-12	11,220	4,709	5,379		809	884	229	434	5,945	134	29,743
Mar-13	11,103	4,861	5,403		839	905	232	438	6,141	135	30,057
Jun-13	11,398	5,025	5,581		858	931	238	452	6,353	136	30,972
Sep-13	11,467	5,202	5,687		884	1,047	223	457	6,566	139	31,672
Dec-13	11,832	5,369	5,636		921	1,066	230	471	6,446	142	32,113
Mar-14	11,765	5,535	5,826	372	978	1,086	234	477	6,637	143	32,681
Jun-14	12,153	5,166	5,531	364	1,003	1,114	238	493	6,397	146	32,241
Sep-14	11,781	4,936	5,741	365	1,022	1,346	242	502	6,605	147	32,322
Dec-14	12,211	5,000	6,021	371	1,038	1,171	242	483	6,343	148	32,657
Mar-15	11,625	5,389	6,617	371	1,031	1,196	243	497	6,548	150	33,725
Jun-15	12,045	5,378	6,571	373	1,033	1,222	243	510	6,753	150	34,491
Sep-15	12,453	5,572	7,042	378	1,028	1,247	241	550	6,391	152	35,124
Dec-15	12,796	5,811	7,021	485	1,074	1,276	249	557	6,600	156	36,195
Mar-16	12,440	6,568	7,359	486	1,094	1,305	240	554	6,478	157	36,950
Jun-16	12,886	6,812	7,263	499	1,129	1,325	249	566	6,691	160	37,949
Sep-16	12,710	6,853	7,005	496	1,153	1,350	257	575	6,560	163	36,996
Dec-16	13,093	7,178	6,666	528	1,295	1,366	274	589	6,838	169	37,837
Mar-17	12,773	7,142	6,833	549	1,165	1,392	275	588	6,688	170	37,576
Jun-17	13,202	7,402	6,707	569	1,380	1,420	278	600	6,899	174	38,632
Sep-17	12,781	7,389	6,941	566	1,392	1,445	382	599	6,850	177	37,957
Dec-17	13,294	7,674	6,895	641	1,420	1,476	290	611	7,082	180	38,992
Mar-18	12,933	7,593	7,113	637	1,453	1,500	297	613	7,305	182	38,989
Jun-18	13,403	7,828	7,062	663	1,487	1,530	305	627	7,528	182	39,939
Sep-18	13,109	7,983	7,379	640	1,513	1,558	314	637	7,278	187	40,598
Dec-18	13,527	8,239	7,342	509	1,528	1,579	321	651	7,464	196	41,438
Mar-19	13,591	8,044	7,621	587	1,540	1,604	325	653	7,317	198	41,480
Jun-19	14,086	7,792	7,746	604	1,549	1,619	333	670	7,560	199	42,158
Sep-19	14,429	7,757	7,934	585	1,562	1,650	333	684	7,417	201	42,552
Dec-19	14,813	8,025	8,101	573	1,588	1,668	345	688	7,595	205	43,601
Mar-20	15,142	7,750	8,647	586	1,580	1,687	331	680	7,390	202	43,995
Jun-20	15,539	7,883	8,505	604	1,570	1,711	344	700	7,467	208	44,532
Sep-20	15,869	8,189	8,657	620	1,607	1,745	358	717	7,690	212	45,667
Dec-20	16,259	8,497	8,896	634	1,644	1,768	375	722	7,971	219	46,985
Mar-21	16,844	8,883	9,228	652	1,691	1,800	388	725	8,236	233	48,670
Jun-21	16,415	9,185	9,527	642	1,794	1,833	405	727	8,457	229	49,213
Sep-21	16,892	8,907	9,881	662	1,766	1,871	421	734	8,364	235	49,733
Dec-21	17,349	9,316	9,984	683	2,069	1,906	437	734	8,649	243	51,370
Mar-22	17,028	9,819	10,472	670	2,159	1,933	463	723	8,498	247	52,012
Jun-22	17,699	9,931	10,700	713	2,203	1,967	478	733	8,787	254	53,436
Sep-22	17,784	10,010	11,061	699	2,262	2,003	495	742	8,779	260	54,096
Dec-22	18,360	10,379	11,004	723	2,301	2,041	509	745	9,038	266	55,366
Mar-23	17,880	10,631	11,339	706	2,296	2,087	506	744	8,899	263	54,352
Jun-23	18,467	10,679	11,630	730	2,312	2,133	518	731	9,188	266	56,654
Sep-23	18,421	10,905	11,860	705	2,538	2,178	524	732	9,144	267	57,274
Dec-23	18,896	10,393	12,442	701	2,539	2,233	505	735	10,336	260	59,040
Mar-24	18,660	10,745	12,767	694	2,579	2,283	525	742	10,276	262	59,534
Jun-24	18,946	11,068	12,486	1,202	2,621	2,324	531	749	10,586	265	60,779
Sep-24	18,809	11,005	13,328	1,184	2,630	2,736	513	765	10,876	255	61,745
Dec-24	19,456	11,401	13,176	1,173	2,967	2,405	516	772	11,140	257	63,266
Mar-25	19,443	11,144	13,633	1,165	3,012	2,443	528	788	11,079	259	63,496
Jun-25	20,109	11,492	14,002	1,176	3,079	2,484	535	794	11,382	263	64,405
Sep-25	19,898	11,862	13,853	1,162	3,140	2,527	541	813	11,327	266	65,386
Dec-25	20,534	12,306	13,598	1,180	3,186	2,567	558	814	11,621	269	66,634
Mar-26	20,127	12,301	13,687	1,269	3,235	2,607	568	821	11,414	270	66,300
Jun-26	20,688	12,634	14,010	1,175	3,269	2,639	572	830	11,634	272	68,515

and...

(see Notes below)	ANZ	ASB	BNZ	Heartland	Kiwibank	Rabo bank	SBS	TSB	Westpac	Co-op	Totals
	NZ$mil	NZ$mil	NZ$mil	NZ$mil	NZ$mil	NZ$mil	NZ$mil	NZ$mil	NZ$mil	NZ$mil	NZ$mil
Annualised profit after tax:
Show older Hide older
Mar-08	1,225	570	769		35	26	14	39	529		3,207
Jun-08	1,280	515	772		37	29	13	40	560		3,246
Sep-08	1,163	485	785		35	34	10	43	559		3,114
Dec-08	1,063	486	874		40	29	11	42	556		3,100
Mar-09	959	419	769		47	38	12	43	420		2,707
Jun-09	764	425	5		64	20	13	46	283		1,620
Sep-09	298	207	-181		68	15	13	48	248		716
Dec-09	331	177	-170		61	8	15	51	174		648
Mar-10	177	185	-166		60	10	15	51	204		536
Jun-10	347	236	578		46	15	13	45	275		1,555
Sep-10	827	510	602		41	38	16	41	286		2,361
Dec-10	842	529	481		36	72	16	36	339		2,355
Mar-11	951	555	442		23	64	14	40	361	7	2,457
Jun-11	969	569	412		21	80	16	43	360	6	2,475
Sep-11	1,099	595	671		30	63	13	44	433	5	2,953
Dec-11	1,241	657	810		45	54	13	47	483	4	3,354
Mar-12	1,251	685	768		68	60	12	48	533	6	3,430
Jun-12	1,359	685	813		79	76	14	50	611	7	3,694
Sep-12	1,325	685	580		91	80	13	52	613	7	3,446
Dec-12	1,225	678	417		99	84	13	52	627	7	3,202
Mar-13	1,345	696	526		101	87	14	53	666	6	3,494
Jun-13	1,348	705	588		97	83	13	53	670	5	3,562
Sep-13	1,374	732	695		93	81	14	48	714	4	3,755
Dec-13	1,474	756	767		91	81	14	48	802	5	4,038
Mar-14	1,578	784	790		88	77	16	50	834	7	4,224
Jun-14	1,595	806	757		100	83	16	51	915	8	4,331
Sep-14	1,716	825	850		109	121	19	55	941	8	4,645
Dec-14	1,745	834	884	39	119	105	20	23	916	9	4,694
Mar-15	1,738	841	959	41	126	110	19	26	928	9	4,797
Jun-15	1,775	859	1,049	41	127	107	21	23	907	9	4,920
Sep-15	1,783	869	1,038	41	125	82	19	36	911	6	4,910
Dec-15	1,696	889	998	46	127	104	19	67	911	10	4,870
Mar-16	1,650	896	987	50	127	108	20	62	900	10	4,810
Jun-16	1,653	913	921	30	124	123	21	48	875	10	4,720
Sep-16	1,535	940	913	31	119	126	24	51	851	10	4,601
Dec-16	1,586	964	944	56	116	90	27	52	868	11	4,750
Mar-17	1,625	1,011	878	59	109	89	27	46	837	10	4,732
Jun-17	1,624	1,069	925	32	53	74	27	43	851	11	4,709
Sep-17	1,765	1,113	937	31	39	100	26	46	909	11	4,977
Dec-17	1,882	1,137	989	64	32	108	26	42	898	11	5,234
Mar-18	1,877	1,145	1,011	64	56	112	27	52	925	10	5,311
Jun-18	1,923	1,177	984	67	127	111	27	55	942	10	5,423
Sep-18	1,953	1,190	1,056	68	133	113	29	51	936	10	5,540
Dec-18	1,910	1,214	1,035	67	147	103	31	54	951	10	5,521
Mar-19	1,944	1,283	1,116	67	126	98	30	45	1,003	9	5,722
Jun-19	1,967	1,274	1,179	69	108	87	31	45	993	9	5,761
Sep-19	1,819	1,283	1,023	69	101	89	31	46	964	7	5,430
Dec-19	1,744	1,243	1,007	74	97	89	29	44	912	7	5,247
Mar-20	1,654	1,108	840	73	89	83	19	32	711	5	4,611
Jun-20	1,509	958	714	69	57	91	18	27	558	6	4,006
Sep-20	1,372	920	763	72	56	95	21	25	550	9	3,883
Dec-20	1,373	983	828	66	60	99	26	24	648	10	4,117
Mar-21	1,536	1,138	1,056	68	83	115	41	43	818	16	4,914
Jun-21	1,676	1,321	1,187	71	126	126	46	47	962	16	5,577
Sep-21	1,939	1,405	1,322	70	134	132	47	47	932	18	6,046
Dec-21	2,043	1,459	1,375	79	135	145	45	45	902	18	6,245
Mar-22	2,093	1,453	1,371	80	130	142	45	38	905	12	6,270
Jun-22	2,213	1,470	1,430	90	131	145	39	38	941	11	6,508
Sep-22	2,289	1,529	1,414	87	154	146	39	33	1,047	11	6,748
Dec-22	2,344	1,548	1,482	87	166	147	40	34	1,069	11	6,928
Mar-23	2,233	1,549	1,510	85	171	162	38	33	1,017	9	6,807
Jun-23	2,222	1,559	1,499	76	175	168	38	26	1,043	9	6,814
Sep-23	2,216	1,480	1,508	77	179	175	37	26	1,059	7	6,764
Dec-23	2,096	1,467	1,492	64	182	182	33	29	1,060	7	6,610
Mar-24	2,252	1,469	1,464	49	189	187	43	33	1,154	13	6,852
Jun-24	2,266	1,454	1,495	46	201	187	42	36	1,163	13	6,901
Sep-24	2,208	1,455	1,506	36	174	182	42	36	1,226	10	6.874
Dec-24	2,453	1,470	1,432	21	188	164	41	34	1,249	9	7,060
Mar-25	2,491	1,485	1,539	28	189	153	29	41	1,229	7	7,192
Jun-25	2,526	1,448	1,502	23	190	151	29	43	1,270	7	7,188
Sep-25	2,661	1,403	1,513	25	207	148	27	48	1,239	10	7,281
Dec-25	2,632	1,303	1,537	44	196	159	27	49	1,271	9	7,227
Mar-26	2,651	1,262	1,182	56	188	165	25	43	1,241	6	6,819
Jun-26	2,570	1,250	1,151	55	168	152	21	42	1,165	5	6,579

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

7 Comments

by Bernard Hickey | 15th Dec 11, 5:26pm 1323923179

This is brilliant David.

Cheers

Bernard

by Gummy Bear Hero | 15th Dec 11, 5:32pm 1323923559

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 Micks | 13th Sep 12, 9:16am 1347484602

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

by peat | 10th Sep 13, 5:29pm 1378790977

Rabo has lowest leverage and as one might expect this means their shareholder returns are lower than the other larger banks. Westpac seems to do well being only slightly more leveraged than Rabo and yet produces a return higher than BNZ (although not as high as ANZ or ASB, both of who are much more leveraged)

Nice collection of information.

by Cur8or | 14th Dec 17, 7:04pm 1513231491

How about sorting the tables by descending date? That will keep the newest entry closest to the column headings.

by maurice24 | 26th Jun 19, 7:18pm 1561533534

Is there data to compare the figures here to comparable data for similar countries overseas?

by apizap | 28th Nov 19, 5:59pm 1574917170

..... especially Australia.