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Non-Banks and Other Financial Institutions in New Zealand Industry Data and Analysis
Non-banks and other financial institutions' assets have grown relatively steadily over the past few years, but revenue has fluctuated considerably. Despite the Reserve Bank of New Zealand (RBNZ), or Te Putea Matua, easing loan-to-value ratio (LVR) lending restrictions from June 2023, major banks still grappled with high LVR lending restrictions and tight lending standards. For this reason, households are turning to non-bank lenders for finance. Previously, official cash rates (OCR) were kept low, which curbed non-banks' expansion. Yet, to combat inflation, the RBNZ raised the OCR to a rate not seen since October 2008. Consequently, non-bank lenders were able to expand their loan portfolios by increasing their interest expenses and capitalising on higher net interest margins. Revenue is expected to rise at an annualised 14.8% to $1.76 billion over the five years through 2025-26.
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What's included in this industry analysis
IBISWorld's research coverage on the Non-Banks and Other Financial Institutions industry in New Zealand includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released July 2025.
About this industry
What's this industry report about?
The Non-Banks and Other Financial Institutions industry in New Zealand operates under the ANZSIC industry code K6229NZ. Industry operators primarily provide finance to retail and commercial customers. This includes both deposit-taking and non-deposit taking firms that provide credit to retail, corporate and wholesale customers primarily on a financial-service basis. The industry excludes operating banks. Related terms covered in the Non-Banks and Other Financial Institutions industry in New Zealand include warehouse facilities, fintech and net interest margin.
What's included in this industry?
Products and services covered in Non-Banks and Other Financial Institutions industry in New Zealand include Personal loans, Commercial loans and Housing finance.
What companies are included in this industry?
Companies covered in the Non-Banks and Other Financial Institutions industry in New Zealand include UDC Finance, Latitude Financial Services and Motor Trade Finance.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Non-Banks and Other Financial Institutions industry in New Zealand.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Non-Banks and Other Financial Institutions industry in New Zealand.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Non-Banks and Other Financial Institutions industry in New Zealand.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Non-Banks and Other Financial Institutions industry in New Zealand. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Non-Banks and Other Financial Institutions industry in New Zealand. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Non-Banks and Other Financial Institutions industry in New Zealand. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Non-Banks and Other Financial Institutions industry in New Zealand. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Non-Banks and Other Financial Institutions industry in New Zealand.
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Frequently Asked Questions
What is the market size of the Non-Banks and Other Financial Institutions industry in New Zealand in 2026?
The market size of the Non-Banks and Other Financial Institutions industry in New Zealand is $1.8bn in 2026.
How many businesses are there in the Non-Banks and Other Financial Institutions industry in New Zealand in 2025?
There are 762 businesses in the Non-Banks and Other Financial Institutions industry in New Zealand, which has grown at a CAGR of 1.1 % between 2020 and 2025.
How may import tariffs affect the Non-Banks and Other Financial Institutions industry in New Zealand?
The Non-Banks and Other Financial Institutions industry in New Zealand is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Non-Banks and Other Financial Institutions industry in New Zealand?
The Non-Banks and Other Financial Institutions industry in New Zealand is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Non-Banks and Other Financial Institutions industry in New Zealand grown or declined over the past 5 years?
The market size of the Non-Banks and Other Financial Institutions industry in New Zealand has been growing at a CAGR of 14.8 % between 2020 and 2025.
What is the forecast growth of the Non-Banks and Other Financial Institutions industry in New Zealand over the next 5 years?
Over the next five years, the Non-Banks and Other Financial Institutions industry in New Zealand is expected to grow.
What are the biggest companies in the Non-Banks and Other Financial Institutions industry in New Zealand?
The biggest companies operating in the Non-Banks and Other Financial Institutions industry in New Zealand are UDC Finance, Latitude Financial Services and Motor Trade Finance
What does the Non-Banks and Other Financial Institutions industry in New Zealand include?
Personal loans and Commercial loans are part of the Non-Banks and Other Financial Institutions industry in New Zealand.
Which companies have the highest market share in the Non-Banks and Other Financial Institutions industry in New Zealand?
The company holding the most market share in the Non-Banks and Other Financial Institutions industry in New Zealand is UDC Finance.
How competitive is the Non-Banks and Other Financial Institutions industry in New Zealand?
The level of competition is high and increasing in the Non-Banks and Other Financial Institutions industry in New Zealand.
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