The National Bank (NBNZ) was the largest registered bank operating in New Zealand when ranked by total assets, a just released survey shows.
KPMG's financial institutions performance survey for 2003 said NBNZ had the largest asset book, valued at $42.304 billion.
It was followed by Westpac NZ ($39.081 billion), Bank of NZ($37.557 billion), ANZ Bank ($29.359 billion), and ASB Bank ($27.510 billion).
When ranked according to net profit after tax, BNZ topped the list with $548 million. Next came Westpac ($462 million), ANZ ($417 million), NBNZ ($296 million), and ASB ($278 million).
When expressing operating expenses as a percentage of operating income, Westpac, at 41.5 per cent, was in pole position.
In second place was BNZ (44.86 per cent), followed by ASB (47.86 per cent), NBNZ (50.03 per cent), and ANZ (50.15 per cent).
When ranking all 18 banks operating in New Zealand under the above criteria, the big five still dominated the charts.
However, in the expense ratio rankings, Taranaki Savings Bank was in third place with a ratio of 45.46 per cent, knocking ANZ out of the top five.
Meanwhile, the top three finance companies by total assets were UDC Finance ($2.49 billion), South Canterbury Finance ($730.17 million), and Marac Finance ($691.79 million).
The top three non-bank savings institutions by total assets were Southland Building Society ($1.34 billion), PSIS ($662.15 million), and Southern Cross Building Society ($390.35 million).
