Banks in New Zealand

Key Highlights

• Banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers. Market value represents the total assets held by banks or related institutions in a country in a year. The market share represents the total asset held by the companies in the specific year. Geographical segmentation measures the total assets held by commercial banks of a particular region.
• The New Zealand banking industry recorded assets of $440.2 billion in 2024, representing a compound annual growth rate (CAGR) of 3.2% between 2019 and 2024.
• The bank credit segment accounted for the industry's largest proportion in 2024, with total assets of $393.4 billion, equivalent to 89.4% of the industry's overall value.
• The New Zealand banking industry grew by 3.0% in 2024, primarily driven by the reduction in inflationary pressure which resulted in a lowering of interest rate, hence boosting the demand for loans for housing, education, and personal consumption. The growth in consumer credit expanded banks’ loan portfolios and strengthened their overall asset base. According to Statistics New Zealand, the consumer price inflation in the country reached 2.2% in Q4 2024, down from 4.7% in Q4 2023.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banks market in New Zealand
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in New Zealand
• Leading company profiles reveal details of key banks market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the New Zealand banks market with five year forecasts by both value and volume

Reasons to Buy

• What was the size of the New Zealand banks market by value in 2024?
• What will be the size of the New Zealand banks market in 2029?
• What factors are affecting the strength of competition in the New Zealand banks market?
• How has the market performed over the last five years?
• What are the main segments that make up New Zealand's banks market?