ANZ.NZ Loan Book Industry Funding Concentration FY2014
Quote:
Originally Posted by
Snoopy
From the ANZ New Zealand statement to the reserve bank on 30th September 2013, page 46, the loan book break down is like this:
ANZ (New Zealand) Loan Book FY2013 |
|
Agriculture |
$18,842m |
Forestry, fishing and mining |
$1,850m |
Business and property services |
$11,334m |
Construction |
$1,748m |
Entertainment, leisure and tourism |
$1,389m |
Finance and insurance |
$18,412m |
Government and local authority |
$9,910m |
Manufacturing |
$5,051m |
Personal lending |
$63,492m |
Retail trade |
$2,859m |
Transport and storage |
$2,147m |
Wholesale trade |
$2,704m |
Other |
$4,577m |
Total |
$144,315m |
UDC is a wholly owned subsidiary of ANZ New Zealand. So what we need to do is subtract out the UDC figures from those listed above. Then we can compare the loan book make up of 'Underlying ANZ New Zealand' with UDC.
One year later (30th September 2014) we compare the break down of the loan book. From the ANZ New Zealand statement to the reserve bank on 30th September 2014, page 48, the loan book break down is like this:
ANZ (New Zealand) Loan Book FY2014 |
|
Agriculture |
$18,811m (+0%) |
Forestry, fishing and mining |
$2,049m (+10.8%) |
Business and property services |
$12,051m (+6.3%) |
Construction |
$2,154m (+23.2%) |
Entertainment, leisure and tourism |
$1,294m (-6.9%) |
Finance and insurance |
$20,254m (+10.0%) |
Government and local authority |
$11,363m (+14.6%) |
Manufacturing |
$5,312m (+5.2%) |
Personal lending |
$70,098m (+10.4%) |
Retail trade |
$3,026m (+5.8%) |
Transport and storage |
$2,264m (+5.4%) |
Wholesale trade |
$2,695m (+0%) |
Other |
$4,093m (-11.6%) |
Total |
$155,174m (+7.5%) |
SNOOPY
ANZ.NZ Loan Book Classifications FY2104
Quote:
Originally Posted by
Snoopy
On page 40 of the ANZ NZ September 30th Reserve Bank disclosure, there is a table listing the class of loans (0-9) , along with their probability of default. '9' is default, so the probability for a grade 9 loan defaulting is 100%. However of more interest is the other grades of loan and their probability of default.
|
For retail mortgages: 30-09-2013 |
Grades 0-3: |
0.2% |
Grades 4: |
0.46% |
Grade 5: |
0.93% |
Grade 6: |
2.11% |
Grade 7,8: |
5.4% |
|
For other retail: 30-09-2013 |
Grades 0-2: |
0.1% |
Grades 3-4: |
0.29% |
Grade 5: |
1.12% |
Grade 6: |
2.67% |
Grade 7,8: |
11.25% |
Allowing for the fact that the grading groupings do not quite match up grades 0-6 are surprisingly similar. It is the loans in category 7 and 8 that are twice as likely to default in finance companies, given that in general finance companies have very low (or no) exposure to retail mortgages.
One year on and we look at the chances of default for ANZ.NZ mortgages and ANZ.NZ other retail loans. (page 41 of the ANZ NZ September 30th 2014 Reserve Bank disclosure).
|
For retail mortgages: 30-09-2014 |
Grades 0-3: |
0.2% |
Grades 4: |
0.46% |
Grade 5: |
0.93% |
Grade 6: |
2.04% |
Grade 7,8: |
5.24% |
|
For other retail: 30-09-2014 |
Grades 0-2: |
0.1% |
Grades 3-4: |
0.30% |
Grade 5: |
1.13% |
Grade 6: |
2.60% |
Grade 7,8: |
9.56% |
Overall observation? A small risk reduction from year to year in the higher risk categories (Grade 6 and above).
SNOOPY