- The banking sector in New Zealand is concentrated, with the top three providers accounting for 67% of main current accounts.
- New Zealand consumers tend to choose providers because of an existing relationship.
- New Zealand savers are cautious, with over half saving to protect themselves against unforeseen events and over a third saving for retirement.
- New Zealand's mortgage balances outstanding totaled NZ$0.2tn in 2014, up from NZ$0.16tn in 2008.
- Around a fifth of consumers in New Zealand have a personal loan. The personal loans market is dominated by ANZ, ASB, and Kiwi Bank with a combined market share of 51%.
- Over half of the population use smartphones in New Zealand, implying a large potential market for mobile-delivered financial services. New Zealand's banking infrastructure is ranked 3rd out 20 global banking markets.
- Retail Banking Market Insights: Country Snapshot New Zealand is a review of the retail banking sector in New Zealand, with a particular focus on the current account, savings, mortgage, and personal loan markets. It includes both market-level data and insight from our global consumer survey.
- Overview of New Zealand's banking sector.
- Insight into consumer preferences in New Zealand and the reasons for using their financial products and how this has evolved in recent years.
- Insight into the main providers dominating the current account, savings, mortgage, and loan markets and the different factors persuading customers to choose them.
- Examination of the extent to which consumers are using online and mobile channels to research, take out, and use their financial products.
Reasons to Purchase:
- Futureproof your strategy with market sizing, forecasts, and analysis of key developments currently affecting the New Zealand retail banking sector.
- Target consumers with inside knowledge of their true behaviors and attitudes, with detailed analysis from our proprietary insight.
- Learn about the impact new entrants and distribution channels will have on the market.