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Banking in New Zealand - Industry Market Research Report

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    Report

  • 71 Pages
  • December 2023
  • Region: New Zealand
  • IBISWorld
  • ID: 4577960

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.

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

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ANZ Bank New Zealand Limited
  • Westpac New Zealand Group Limited
  • ASB Holdings Limited
  • National Australia Group (NZ) Limited

Methodology

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