Wholesale Banking Performance Analysis
New Zealand Banking: Net interest margin
March 12 v September 11
2.35%
0.02%
(0.05%)
0.02%
0.01%
0.04%
0.02%
Customer margin up 3bps
2.41%
Sep 11
Lending Margin
Deposits
Funding & Liquidity
Liability Mix
Lending Mix
Other
Mar 12
Costs
March 12 v March 11
2.24%
0.08%
(0.06%)
0.03%
Customer margin up 5bps
0.05%
0.07%
Mar 11
Lending Margin Funding & Liquidity Costs
Liability Mix
Lending Mix
Other
59
Bank of New Zealand
2.41%
Mar 12
National Australia Bank
New Zealand Banking: Asset quality
Total 90+ DPD as % GLAS
0.6%
0.5%
(NZ$m)
300
250
200
0.4%
150
0.3%
100
0.2%
50
0.1%
0
0.0%
Mar 09 Sep 09 Mar 10 Sep 10 Mar 11 Sep 11 Mar 12
90+ DPD
Total 90+ DPD as % GLAS
▸ The combined total of Gross impaired assets
and 90+ DPD has decreased from the prior
half primarily due to business exposures
▸ Exposures in the commercial property, dairy
farming and kiwifruit sectors are the main
industry concerns
➤ Net write-offs are slightly higher compared to
the September 2011 half year due to higher
partial write-offs against existing provisions,
offsetting lower unsecured write-offs
Gross impaired assets as % GLAS
Net write-offs
(NZ$m)
(%)
800
1.5%
1.2%
600
0.9%
0.27
0.24
0.25
400
0.22
0.6%
0.18
200
0.12
0.13
0.3%
0
0.0%
Mar 09 Sep 09 Mar 10 Sep 10 Mar 11 Sep 11 Mar 12
Mar 09
Sep 09
Mar 10
Sep 10
Mar 11 Sep 11
Mar 12
I Gross impaired assets (including FV)
GIA (including FV) as % of GLAS
60
Bank of New Zealand
Net write-offs to GLAS (annualised)
National Australia BankView entire presentation