Summary
Banks in New Zealand industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
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?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What have been the recent M&A activities?
8 Company Profiles
8.1. ASB Bank Ltd
8.2. ANZ Bank New Zealand Ltd
8.3. Bank of New Zealand
8.4. Westpac New Zealand Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: New Zealand banks industry value: $ billion, 2019-24
Table 2: New Zealand banks industry category segmentation: % share, by value, 2019-24
Table 3: New Zealand banks industry category segmentation: $ billion, 2019-24
Table 4: New Zealand banks industry geography segmentation: $ billion, 2024
Table 5: New Zealand banks industry value forecast: $ billion, 2024-29
Table 6: New Zealand banks industry share: % share, by value, 2024
Table 7: ASB Bank Ltd: Key Facts
Table 8: ASB Bank Ltd: Key Employees
Table 9: ANZ Bank New Zealand Ltd: Key Facts
Table 10: ANZ Bank New Zealand Ltd: Key Employees
Table 11: Bank of New Zealand: Key Facts
Table 12: Bank of New Zealand: Key Employees
Table 13: Westpac New Zealand Ltd: Key Facts
Table 14: Westpac New Zealand Ltd: Key Employees
Table 15: New Zealand Size of Population (Million), 2020-24
Table 16: New Zealand Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 17: New Zealand GDP (Current Prices, $ Billion), 2020-24
Table 18: New Zealand Inflation, 2020-24
Table 19: New Zealand Consumer Price Index (Absolute), 2020-24
Table 20: New Zealand Exchange Rate, 2019-24
List of Figures
Figure 1: New Zealand banks industry value: $ billion, 2019-24
Figure 2: New Zealand banks industry category segmentation: $ billion, 2019-24
Figure 3: New Zealand banks industry geography segmentation: % share, by value, 2024
Figure 4: New Zealand banks industry value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the banks industry in New Zealand, 2024
Figure 6: Drivers of buyer power in the banks industry in New Zealand, 2024
Figure 7: Drivers of supplier power in the banks industry in New Zealand, 2024
Figure 8: Factors influencing the likelihood of new entrants in the banks industry in New Zealand, 2024
Figure 9: Factors influencing the threat of substitutes in the banks industry in New Zealand, 2024
Figure 10: Drivers of degree of rivalry in the banks industry in New Zealand, 2024
Figure 11: New Zealand banks industry share: % share, by value, 2024
