Leverage at the country's major banks, or the number of times assets exceed shareholder funds, is down to its lowest level since interest.co.nz started tracking it in March 2008.
The weighted average leverage ratio across ANZ Bank New Zealand, ASB, BNZ, the Co-operative Bank, Kiwibank, Rabobank NZ, SBS Bank, TSB Bank, and Westpac NZ was 11.3 times as of September 30. That's down from 11.5 times at June 30.
The lowest individual leverage ratio is Rabobank's 9.1, down from as high as 26 in June 2010. Kiwibank's 17.7 is comfortably the highest.
Among the big four Australian owned banks ANZ has the lowest leverage ratio at 10.5, and BNZ the highest at 13.2.
All figures above are as of September 30.
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