NZ trading bank leverage

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 27 Nov 2018
                 
(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
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

 

(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
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

 

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
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

 

(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
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

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
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

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

5 Comments

This is brilliant David.

Cheers

Bernard

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 ......

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

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.

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