New Zealand


  • Industry: Financial Services
  • Type: Survey report
  • Date: 11/04/2012

Contact us

John Kensington

John Kensington 

Head of Financial Services

+64 9 367 5866


Graeme Edwards - Head of Audit

Graeme Edwards 

Head of Audit

+64 4 816 4522

FIPS quarterly - December 2011 quarter 

FIPS quarterly


Results from the major banks to 31 December 2011


Survey participants achieved a profit of $1,147m in the quarter, an increase of $77m compared to September 2011. The lending environment is still flat.


Download Now
PDF files require Adobe Reader to view
  • December 2011 profits are $430m higher than those earned in the December 2010 quarter.

  • Aggregate gross loans for survey participants reduced by 0.04% in the quarter, increasing by 0.19% in the year.

  • The official cash rate remains at 2.5%, albeit there is mounting expectation that there will be increases later in 2012.


  • After a period of falling seismic activity in Canterbury there was a further earthquake in the region on 23 December. As such there continues to be uncertainty surrounding the timing and extent of the rebuild. Public pressure for action is increasing.

  • Total assets of survey participants fell
    $6,186m in the quarter, following three
    quarters of growth.


Full 2011 survey


Current industry trends and the performance of the participants of this survey during the year 2011 will be expanded upon and discussed in our Annual Financial Institutions Performance Survey.  This will be published on 23rd April 2012.


Please contact us if you would like to hear more about this latest FIPS quarterly.

Financial Institutions Performance Survey - FIPS surveys and quarterly updates produced by KPMG's Financial Services team. 
Share this

Sign up now

Subscribe to selected content and receive email alerts when new content is available for viewing on this site.


Already a member? Login


Not a member? Register

Financial Services

Focused and practical audit, tax and advisory services for the insurance, retail banking, corporate and investment sectors.