Non-Banks and Other Financial Institutions in New Zealand - Industry Market Research Report
Description
Non-Banks and Other Financial Institutions in New Zealand
The assets of non-banks and other financial institutions have grown relatively steadily over the past five years, but revenue has fluctuated considerably during the period. Non-banks have increased their lending activity and taken advantage of opportunities in mortgage lending. Major banks faced high loan-to-value ratio (LVR) lending restrictions and tighter lending standards, with households turning to non-bank lenders for finance. The Reserve Bank of New Zealand (RBNZ, Tu Putea Matua) previously consistently cut the cash rate, which initially curbed non-bank growth. However, non-bank lenders still managed to grow their loan portfolios due to the strong residential property market and low interest rates driving greater demand for credit. Revenue is expected to rise at an annualised 2.1% to $914.9 million over the five years through 2022-23.
Industry operators primarily provide finance to retail and commercial customers. This includes both deposit-taking and non-deposit taking firms that provide credit to retail, corporate and wholesale customers primarily on a financial-service basis. The industry excludes operating banks.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
The assets of non-banks and other financial institutions have grown relatively steadily over the past five years, but revenue has fluctuated considerably during the period. Non-banks have increased their lending activity and taken advantage of opportunities in mortgage lending. Major banks faced high loan-to-value ratio (LVR) lending restrictions and tighter lending standards, with households turning to non-bank lenders for finance. The Reserve Bank of New Zealand (RBNZ, Tu Putea Matua) previously consistently cut the cash rate, which initially curbed non-bank growth. However, non-bank lenders still managed to grow their loan portfolios due to the strong residential property market and low interest rates driving greater demand for credit. Revenue is expected to rise at an annualised 2.1% to $914.9 million over the five years through 2022-23.
Industry operators primarily provide finance to retail and commercial customers. This includes both deposit-taking and non-deposit taking firms that provide credit to retail, corporate and wholesale customers primarily on a financial-service basis. The industry excludes operating banks.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
45 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
