Banking in New Zealand - Industry Market Research Report

Interested: A rising cash rate has given banks a chance to boost revenue through interest rate hikes

In recent years, banks have operated in a low-interest rate environment. As the pandemic began, the RBNZ slashed the cash rate to try and kick-start the stuttering economy. This is now firmly at an end, as the central bank, like many globally, tightens up monetary policy. The RBNZ has aggressively raised the cash rate to get a hold on surging inflation, with banks' revenue rising 14.1% in 2022-23 as they hike up interest rates in response.

Banks handle financial processes like accepting deposits and issuing consumer and commercial loans.

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.