Financial Performance and Remediation Update
TERM WHOLESALE FUNDING PROFILE
HISTORIC TERM FUNDING ISSUANCE¹
($bn)
5.4
yrs
36
30
30
4.8
5.2
5.7
yrs
yrs
yrs
6.7
yrs
8.1
yrs
37
37
28
28
26
29
29
33
32
14
18
23
21
13
10
5
FY17
5
FY18
5
2
FY19
FY20
FY21
■Senior and Sub Debt
CRBA Term Funding Facility
CRBNZ Term Funding Facilities
6
FY16
Tenor²
■Secured
TERM FUNDING MATURITY PROFILE²
($bn)
WAM 3.5 yrs³
4
4,5
■Secured
■Senior and Sub Debt
WAC of maturing
portfolio is 113bps6
40
CRBA Term Funding Facility CRBNZ Funding Facilities
39
28
14
23
5
FY22
21
5
FY23
18
16
4
FY24
26
14
11
21
165
FY25
9
3
FY26
5
Beyond
(1) Includes senior unsecured, secured (covered bonds and securitisation) and subordinated debt with an original term to maturity or call date of greater than 12 months, excludes Additional Tier 1
instruments
(2) Weighted average maturity and maturity profile of funding issuance with an original term to maturity greater than 12 months. Excludes Additional Tier 1, Residential Mortgage Backed Securities, RBA
Term Funding Facility and RBNZ funding facilities
(3) Remaining weighted average maturity, excludes Additional Tier 1, Residential Mortgage Backed Securities, RBA Term Funding Facility and RBNZ funding facilities
National
95
(4) Contractual maturity is based on drawdown date
Australia
95
Bank
(5) Includes RBNZ's Term Lending Facility (TLF) and Funding for Lending Programme (FLP)
(6) Weighted average cost refers to the cost of the maturing portfolio over the year and is shown as a spread over 3m BBSW. Includes subordinated debt and excludes Additional Tier 1 and BNZView entire presentation