Westpac New Zealand Economic and Sustainability Strategy Update
4
WNZL lending portfolio
Total committed exposure (TCE)
$bn
Consumer Lending
Home Loans
Credit Cards
Other Retail
Business Lending
Non-Institutional1
Institutional
Total committed exposure
6
10
23
19
23
22
Mar-20
Sep-20
Mar-21
%TCE
VS
Mar-20
VS
Sep-20
70.5
72.6
75.7
58.5%
7.4%
4.3%
63.1
65.3
68.6
53.0%
8.7%
5.1%
4.2
4.1
4.0
3.1%
(4.8%)
(2.4%)
3.2
3.2
3.1
2.4%
(3.1%)
(3.1%)
45.1
46.5
53.8
41.5%
19.3%
15.7%
24.5
24.7
24.5
18.9%
0.0%
(0.8%)
20.6
21.8
29.3
22.6%
42.2%
34.4%
115.6
119.1
129.5
100.0%
12.0%
8.7%
Business TCE by industry (%)
■Agriculture, Forestry & Fishing
16
Property
■Finance & Insurance
Government Administration & Defence
Manufacturing
■ Electricity, Gas & Water Supply
■Other
1 Non-institutional includes corporate, property, commercial and agribusiness within commercial.
2086420
12
10
№ 6
Sep-16
Mar-17-
1H21 commentary
1H21 loan growth mainly driven by an increase in home
loans, given buoyant housing market
Unsecured consumer portfolios continue to decline,
consistent with overall market trends
Business stressed assets remain low, with many
businesses benefitting from the economic recovery
Business stressed exposures as % of Business TCE
Business Lending
WNZL (incl WIB)
Institutional Lending (WIB)
Sep-17
Mar-18
Sep-18
Mar-19
Sep-19
Mar-20
Sep-20
Mar-21
6.1
2.8
0.2
23
23View entire presentation