Example page. Performance Rankings. Performance Rankings FIPS 29. 28 FIPS Performance Rankings

28 FIPS Performance Rankings Performance Rankings Ranking of New Zealand Total Assets Increase in Total Assets Capital Adequacy Ratio Net Profit After Tax Incorporated Banks (a), (b) $Million % % $Million 1 ANZ National Bank 114,623 Kiwibank 43.76 Bank of Baroda 74.70 ASB Bank 425 (New Zealand) 2 Bank of New Zealand 69,847 TSB Bank 20.93 TSB Bank 16.86 ANZ National Bank 298 3 ASB Bank 65,182 Rabobank New Zealand 15.30 Rabobank New Zealand 13.13 Westpac New Zealand 248 4 Westpac New Zealand 54,032 ASB Bank 9.83 ANZ National Bank 12.67 Kiwibank 64 5 Kiwibank 10,366 Bank of New Zealand 8.81 Southland Building Society 12.46 TSB Bank 43 6 Rabobank New Zealand 6,936 Southland Building Society 4.74 ASB Bank 12.40 Southland Building Society 12 7 TSB Bank 3,832 Westpac New Zealand 4.27 Westpac New Zealand 12.30 Rabobank New Zealand 8 8 Southland Building Society 2,540 ANZ National Bank -4.20 Bank of New Zealand 10.88 Bank of Baroda -2 (New Zealand) 3 ANZ Banking Group 9,152 Rabobank Nederland 11.82 Rabobank Nederland 14.10 ANZ Banking Group 28 New Zealand Group UFJ, Auckland UFJ, Auckland 4 Rabobank Nederland 6,398 Kookmin Bank Auckland 1.15 Kookmin Bank Auckland 14.04 Citibank, N.A. New Zealand 21 Banking Corporation, UFJ, Auckland 5 The Hongkong and Shanghai 4,750 Westpac Banking Corporation -2.14 Deutsche Bank AG, 13.90 Rabobank Nederland 14 Banking Corporation, New Zealand Group New Zealand Group 6 Citibank, N.A. New Zealand 3,501 Citibank, N.A. New Zealand -8.65 ANZ Banking Group 13.70 Kookmin Bank Auckland 7 7 Deutsche Bank AG, 3,099 Commonwealth Bank of -11.06 JPMorgan Chase Bank, N.A. 13.50 Commonwealth Bank of 7 New Zealand Group Australia New Zealand Australia New Zealand UFJ, Auckland New Zealand Group 8 The Bank of Tokyo-Mitsubishi 1,138 Deutsche Bank AG, -22.00 The Bank of Tokyo-Mitsubishi 12.02 The Bank of Tokyo-Mitsubishi 6 UFJ, Auckland New Zealand Group UFJ, Auckland UFJ, Auckland 9 Kookmin Bank Auckland 432 The Hongkong and Shanghai -23.00 Westpac Banking Corporation 10.80 JPMorgan Chase Bank, N.A. 2 Banking Corporation, 10 JPMorgan Chase Bank, N.A. 170 ANZ Banking Group n/a Commonwealth Bank of 10.40 Westpac Banking Corporation -513 Australia New Zealand Total 63,828 Average 7.56 Average n/a Total -293 Performance Rankings FIPS 29 Increase in Underlying Net Profit After Tax/ Net Interest Income/ Impaired Asset Expense/ Operating Expenses/ Profit % Average Equity % Average Total Assets % Average Gross Loans & Advances % Operating Income % Kiwibank 48.78 Kiwibank 18.68 Rabobank New Zealand 2.79 TSB Bank 0.14 TSB Bank 39.91 TSB Bank 4.40 TSB Bank 15.42 TSB Bank 2.62 Kiwibank 0.20 ASB Bank 41.80 ASB Bank -8.42 ASB Bank 13.37 Westpac New Zealand 2.49 Bank of New Zealand 0.35 Westpac New Zealand 41.99 Southland Building Society -19.36 Southland Building Society 7.76 Southland Building Society 2.46 ASB Bank 0.46 ANZ National Bank 44.39 Bank of New Zealand -36.10 Westpac New Zealand 5.71 Bank of New Zealand 2.02 Southland Building Society 0.52 Bank of New Zealand 47.03 ANZ National Bank -38.19 Rabobank New Zealand 3.24 ANZ National Bank 2.01 ANZ National Bank 0.93 Rabobank New Zealand 48.67 Westpac New Zealand -55.58 ANZ National Bank 3.00 Kiwibank 1.86 Westpac New Zealand 1.29 Southland Building Society 60.01 Rabobank New Zealand -69.09 Bank of New Zealand -4.71 ASB Bank 1.57 Rabobank New Zealand 1.30 Kiwibank 67.44 9 Bank of Baroda 39 Bank of Baroda n/a Kiwibank 10.10 Bank of New Zealand -181 Bank of Baroda n/a Bank of Baroda n/a Bank of Baroda n/a Bank of Baroda n/a Bank of Baroda n/a (New Zealand) (New Zealand) (New Zealand) (New Zealand) (New Zealand) (New Zealand) (New Zealand) Incorporated Total 327,397 Incorporated Average 4.32 Incorporated Average 12.11 Incorporated Total 915 Incorporated Average -34.55 Incorporated Average 4.09 Incorporated Average 2.03 Incorporated Average 0.76 Incorporated Average 44.97 Ranking of New Zealand Total Assets Increase in Total Assets Capital Adequacy Ratio (e) Net Profit After Tax Increase in Underlying Net Profit After Tax/ Net Interest Income/ Impaired Asset Expense/ Operating Expenses/ Banks (c), (d) $Million % % $Million Profit % Average Equity % Average Total Assets % Average Gross Loans & Advances % Operating Income % 1 Westpac Banking Corporation 25,290 The Bank of Tokyo-Mitsubishi 76.95 The Hongkong and Shanghai 16.10 Deutsche Bank AG, 84 Kookmin Bank Auckland 61.56 The Hongkong and Shanghai 214.14 Deutsche Bank AG, 2.74 Citibank, N.A. New Zealand 0.00 Rabobank Nederland 2.53 UFJ, Auckland Banking Corporation, New Zealand Group Banking Corporation, New Zealand Group 2 Commonwealth Bank of 9,897 JPMorgan Chase Bank, N.A. 50.17 Citibank, N.A. New Zealand 15.03 The Hongkong and Shanghai 51 The Bank of Tokyo-Mitsubishi 54.80 Kookmin Bank Auckland 104.16 Kookmin Bank Auckland 2.42 JPMorgan Chase Bank, N.A. 0.00 Commonwealth Bank of 8.24 Australia New Zealand Banking Corporation, UFJ, Auckland Australia New Zealand Deutsche Bank AG, 44.44 The Bank of Tokyo-Mitsubishi 89.47 Rabobank Nederland 2.19 Kookmin Bank Auckland 0.00 The Bank of Tokyo-Mitsubishi 16.62 Westpac Banking Corporation 28.23 JPMorgan Chase Bank, N.A. 54.03 The Hongkong and Shanghai 1.78 The Bank of Tokyo-Mitsubishi 0.00 Westpac Banking Corporation 18.32 JPMorgan Chase Bank, N.A. 25.36 Deutsche Bank AG, 43.75 Westpac Banking Corporation 1.10 Rabobank Nederland 0.04 ANZ Banking Group 18.33 The Hongkong and Shanghai 20.36 Citibank, N.A. New Zealand 17.81 Citibank, N.A. New Zealand 0.80 The Hongkong and Shanghai 0.18 Kookmin Bank Auckland 18.94 Banking Corporation, Banking Corporation, Rabobank Nederland -28.21 Rabobank Nederland 14.52 The Bank of Tokyo-Mitsubishi 0.77 Westpac Banking Corporation 0.84 Deutsche Bank AG, 22.89 Citibank, N.A. New Zealand -41.59 Commonwealth Bank of 1.85 JPMorgan Chase Bank, N.A. 0.52 Commonwealth Bank of 1.25 Citibank, N.A. New Zealand 36.71 Australia New Zealand Australia Commonwealth Bank of -67.65 Westpac Banking Corporation -24.82 Commonwealth Bank of 0.38 Deutsche Bank AG, 3.66 The Hongkong and Shanghai 41.39 Australia New Zealand Australia New Zealand New Zealand Group Banking Corporation, ANZ Banking Group n/a ANZ Banking Group n/a ANZ Banking Group n/a ANZ Banking Group n/a JPMorgan Chase Bank, N.A. 70.12 Average 44.40 Average -9.96 Average 1.24 Average 0.64 Average 22.07 Sector Total 376,321 Sector Average 5.04 Sector Average 12.11 Sector Total 299 Sector Average -24.29 Sector Average 1.50 Sector Average 1.91 Sector Average 0.75 Sector Average 43.52 (a) Incorporated Banks for the purposes of aiding comparison we have separated certain banking groups to report the locally incorporated entity in the performance rankings as a New Zealand incorporated bank; ANZ National Bank, ASB Bank, Westpac New Zealand and Rabobank New Zealand (b) Bank of Baroda (New Zealand) ( Baroda ) became a registered New Zealand bank on 1 September 2009. Baroda is a subsidiary of Bank of Baroda (India) and is in its start-up phase. Certain ratios are therefore not applicable and have not been presented. (c) Banks for the purposes of aiding comparison we have separated certain branch banks from its locally incorporated entities for presentation in the performance rankings as a New Zealand branch bank; Australia and New Zealand Banking Group, Commonwealth Bank of Australia, Westpac Banking Corporation (separate from the New Zealand Division) and Rabobank Nederland New Zealand. Rabobank Nederland s head office account, which comprises current period and cumulative surpluses, has been reclassified from liability to equity for consistency with other banks. This has impacted certain ratios. (d) Australia and New Zealand Banking Group (presented as ANZ Banking Group for brevity) became a registered New Zealand bank on 5 January 2009. Certain ratios are therefore not applicable and have not been presented. (e) The capital adequacy ratio disclosed is for the Overseas Banking Group, and in most instances has been calculated under the Basel II accord. The 31 December 2009 capital adequacy ratios for Kookmin Bank were not publicly available at the date the Survey went to print.

30 FIPS Analysis of Annual Results Registered Banks Analysis of Annual Results of Registered Banks (a) Rank by Location of Balance Year Total Net Total Risk Total Head Office Date Assets Assets Weighted Assets Exposures (m) $Million $Million $Million ABN AMRO Bank N.V. New Zealand Banking Group (b) Auckland 31-Dec 2008 1,489 68 1,195 Australia and New Zealand Banking Group 1 Wellington 30-Sep 2009 123,050 4,066 73,596 New Zealand Banking Group (c) 2008 119,813 3,862 74,266 Bank of Baroda (New Zealand) (d) 15 Wellington 31-Mar 2009 39 23 8 Bank of New Zealand 4 Auckland 30-Sep 2009 69,847 3,730 28,926 2008 64,194 3,918 26,499 Citibank, N.A. (e) 9 Auckland 31-Dec 2009 3,501 130 861 2008 3,832 109 890 Commonwealth Bank of Australia New Zealand 3 Auckland 30-Jun 2009 71,733 3,102 41,843 Banking Group (f) 2008 66,048 3,135 40,316 Deutsche Bank AG, New Zealand Group (g) 10 Auckland 31-Dec 2009 3,099 202 722 2008 3,973 182 984 The Hongkong and Shanghai Banking Corporation 7 Auckland 31-Dec 2009 4,750 7 2,846, 2008 6,169 0 3,605 JPMorgan Chase Bank N.A. (h) 14 Auckland 31-Dec 2009 170 0 44 2008 113 5 29 Kiwibank 5 Wellington 30-Jun 2009 10,366 350 4,102 2008 7,210 306 2,784 Kookmin Bank Auckland (i) 13 Auckland 31-Dec 2009 432 8 186 2008 427 6 201 Rabobank Nederland New Zealand Banking Group (j) 6 Auckland 31-Dec 2009 8,904 336 8,333 2008 8,411 222 7,855 Southland Building Society (k) 11 Invercargill 31-Mar 2009 2,540 155 1,452 2008 2,425 154 1,399 The Bank of Tokyo-Mitsubishi UFJ, 12 Auckland 31-Mar 2009 1,138 8 1,126 Auckland 2008 643 6 622 TSB Bank 8 New Plymouth 31-Mar 2009 3,832 303 1,354 2008 3,169 253 1,119 Westpac Banking Corporation New Zealand Division 2 Auckland 30-Sep 2009 72,919 3,380 40,934 2008 70,357 3,607 42,231 Bank Sector Total 2009 376,321 15,800 206,333 2008 358,275 15,833 203,994 ANZ National Bank Wellington 30-Sep 2009 114,623 6,820 38,402 2008 119,647 6,539 39,438 Australia and New Zealand Banking Group Wellington 30-Sep 2009 9,152 39 4,730 (l) ASB Bank Auckland 30-Jun 2009 65,182 3,110 27,777 2008 59,350 3,199 25,487 Commonwealth Bank of Australia New Zealand Auckland 30-Jun 2009 9,897 485 6,344 2008 11,128 272 7,371 Rabobank Nederland Auckland 31-Dec 2009 6,398 101 2,625 2008 5,722 87 2,704 Rabobank New Zealand Wellington 31-Dec 2009 6,936 266 1,415 2008 6,015 258 1,292 Westpac Banking Corporation Auckland 30-Sep 2009 25,290 2,676 12,558 2008 25,842 1,458 15,322 Westpac New Zealand Auckland 30-Sep 2009 54,032 3,287 28,209 2008 51,818 4,438 26,866 Key: n/a = not available/applicable Size & Strength Measures Analysis of Annual Results FIPS 31 Growth Measures Total Tier 1 Net Number of Number of Number of Increase in Increase in Increase in Capital Capital Loans & Employees es Owned Net Profit Underlying Total Adequacy Adequacy Advances (n) (o) ATMs After Tax Profit Assets Ratio Ratio (p) (q) (q) (m) (m) % % $Million % % % 19.23 15.81 1,170 n/a 1 0-45.93-47.60-9.97 13.70 10.60 98,225 9,249 318 746-80.40-37.35 2.70 11.10 7.70 98,748 9,331 318 749-4.90-12.95 14.83 74.70 74.70 0 2 1 0 n/a n/a n/a 10.88 8.08 55,511 4,275 179 436-123.06-36.10 8.81 10.78 8.05 52,398 4,424 180 432 14.93 4.79 13.90 15.03 13.16 294 33 1 0-41.60-41.59-8.65 15.18 9.94 387 36 1 0 201.37 164.74 8.51 10.40 8.10 59,232 4,549 122 452-22.65-13.69 8.61 11.60 8.20 56,115 4,697 120 450-13.27-16.42 13.37 13.90 12.60 203 38 1 0 44.83 44.44-22.00 12.20 10.10 386 39 1 0 462.50 1,112.50-28.36 16.10 12.20 3,310 231 3 0 27.54 20.36-23.00 13.40 10.30 4,065 259 3 0 10.72 11.98 0.24 13.50 9.52 0 17 1 0 31.81 25.36 50.17 12.48 8.73 0 3 1 0-45.70-2.69 350.07 10.10 7.70 8,499 935 311 288 72.77 48.78 43.76 10.40 8.30 5,583 922 316 295 19.35 28.04 51.99 14.04 10.82 152 12 1 0 58.89 61.56 1.15 13.18 9.92 173 13 1 0 44.57 38.27 10.22 14.10 13.80 8,263 214 31 0 193.62 250.46 5.86 13.00 12.70 7,739 196 29 0-300.19-224.69 25.55 12.46 9.85 2,409 338 15 0-15.84-19.36 4.74 9.59 9.52 2,338 327 15 0-13.71-19.13 9.55 12.02 7.64 1,124 10 1 0 66.51 54.80 76.95 11.20 7.43 616 7 1 0 33.53 38.67-2.40 16.86 16.86 2,144 277 24 47 9.06 4.40 20.93 17.66 17.66 2,061 273 24 40 12.37 12.34 10.48 10.80 8.10 56,183 4,461 201 511-172.43-37.89 3.64 10.80 7.80 56,039 4,606 197 509 4.92 1.38 9.83 12.11 9.26 295,549 24,641 1,210 2,480-90.25-24.29 5.04 11.72 8.83 287,817 25,133 1,208 2,475-2.26-6.79 12.84 12.67 9.03 89,454 9,249 318 749-74.38-38.19-4.20 11.72 8.13 98,748 9,331 318 749-0.43-7.44 14.47 13.70 10.60 8,780 3 1 0 n/a n/a n/a 12.40 10.20 53,404 4,549 139 452-17.48-8.42 9.83 11.80 9.40 50,123 4,676 140 450-3.20-7.64 12.21 10.40 8.10 5,227 0 1 0-68.18-67.65-11.06 11.60 8.20 5,419 21 1 0 175.00 183.33 15.57 14.10 13.80 1,627 0 1 0-39.08-28.21 11.82 13.00 12.70 1,917 0 1 0 56.04 46.36 23.55 13.13 13.13 6,583 214 30 0-70.34-69.09 15.30 14.71 14.71 5,781 196 28 0 32.49 24.62 21.64 10.80 8.10 7,688 0 1 0-386.59 28.23-2.14 10.80 7.80 8,970 0 1 0-34.43-26.19 17.99 12.30 9.50 48,661 4,461 200 511-55.87-55.58 4.27 12.30 9.50 47,190 4,606 196 509 25.17 17.21 11.34 Changes in accounting policy that have not had a material below has been to impact certain ratios, or led to the (a) If in their latest published financials an entity has changed their comparative year figures we have restated the numbers accordingly. (b) ABN AMRO 2009 figures are not presented as the entity was acquired by Royal Bank of Scotland (RBS) during the year. ABN AMRO New Zealand relinquished its banking license on 29 May 2009 and has ceased operations in New Zealand. The 2008 figures are presented for comparison purposes and are for the New Zealand Banking Group (as defined by the RBNZ), which comprised of ABN AMRO Bank N.V., and all the New Zealand incorporated subsidiaries of ABN AMRO N.V., Amsterdam. (c) Figures are for the New Zealand Banking Group, which comprises the aggregated NZ operations of Australia and New Zealand Banking Group, including those operations conducted through the New Zealand and the ANZ National Bank Group. Consolidated accounts for ANZ National Bank include the results of UDC Finance, which is also shown separately within the Finance Companies section. (d) Bank of Baroda (New Zealand) (Baroda) became a registered New Zealand bank on 1 September 2009. Baroda is a subsidiary of Bank of Baroda (India). Certain ratios and comparative numbers are not applicable and have not been presented. (e) Figures are for the New Zealand Banking Group, which comprises Citibank, N.A. and Citicorp Services and its subsidiaries. (f) Figures are for the New Zealand Banking Group, which comprises Commonwealth Bank of Australia including various controlled entities and the ASB Banking Group Operations comprising ASB Bank, ASB Holdings and ASB Funding. (g) Figures are for the New Zealand Banking Group, which comprises Deutsche Bank AG, New Zealand, in-substance subsidiaries and other New Zealand subsidiaries of Deutsche New Zealand. (h) Figures shown are for the New Zealand Banking Group, which comprises of JPMorgan Chase Bank New Zealand and associated entities. (i) The 31 December 2008 capital adequacy ratio for Kookmin Bank was not publicly available at the date the Survey went to print. (j) Figures are for the New Zealand Banking Group, which comprises Rabobank Nederland New Zealand, Rabobank New Zealand and various subsidiaries. Rabobank Nederland s head office account, which comprises current period and cumulative surpluses, has been reclassified from liability to equity for consistency with other banks. This has impacted certain ratios. (k) Southland Building Society, which became a registered bank on 7 October 2008, has been included in sector totals for both 2009 and 2008. (l) Australia and New Zealand Banking Group became a registered New Zealand bank on 5 January 2009. Certain ratios and comparative numbers are therefore not applicable and have not been presented. (m) Risk weighted assets and capital adequacy ratio are as at the applicable balance date. Capital adequacy ratios for the branch banks relate to either the overseas bank or the overseas banking group, whichever is publicly available but where both are available the overseas banking group will be presented. Total and tier 1 capital adequacy sector totals, as presented, are calculated using New Zealand incorporated banks results only. (n) Employee numbers are on a full time equivalent basis (including casuals and contracting staff) as at the applicable balance date. (o) Number of branches includes all retail outlets as at the applicable balance date. (p) Number of owned ATMs as at the applicable balance date. (q) Where comparatives are not for the equivalent period or the entity was not operational in either period, the increase in net profit after tax and underlying performance has not been provided.

32 FIPS Analysis of Annual Results Registered Banks Analysis of Annual Results of Registered Banks (a) (continued) Credit Quality Measures Year Impaired Past Due Gross Individual Collective Total Provision Impaired Asset Assets Impaired Provision Provision/ for Doubtful Asset Expense Assets for Doubtful Net Debts/ Expense/ Debts/Gross Loans & Gross Average Impaired Advances Loans & Gross Loans Assets Advances & Advances $Million $Million $Million % % % % ABN AMRO Bank N.V. New Zealand Banking Group (b) 2008 0 0 0 0.00 0.00 0.00 0.00 Australia and New Zealand Banking Group 2009 883 446 1,190 40.08 0.82 1.30 0.89 New Zealand Banking Group (c) 2008 302 309 327 40.37 0.54 0.67 0.32 Bank of Baroda (New Zealand) (d) 2009 0 0 0 0.00 0.00 0.00 0.00 Bank of New Zealand 2009 190 210 637 34.85 0.43 0.82 0.35 2008 71 94 201 32.34 0.41 0.53 0.14 Citibank, N.A. (e) 2009 0 0 0 0.00 0.00 0.00 0.00 2008 0 0 0 0.00 0.00 0.00 0.00 Commonwealth Bank of Australia New Zealand 2009 305 374 420 29.52 0.34 0.54 0.53 Banking Group (f) 2008 47 144 30 73.33 0.18 0.22 0.09 Deutsche Bank AG, New Zealand Group (g) 2009 11 0 51 23.53 0.00 5.58 3.66 2008 1 0 0 0.00 0.26 0.26 0.28 The Hongkong and Shanghai Banking Corporation 2009 6 0 44 25.62 0.09 0.43 0.18, 2008 0 0 33 34.87 0.06 0.34 0.00 JPMorgan Chase Bank N.A. (h) 2009 0 0 0 0.00 0.00 0.00 0.00 2008 0 0 0 0.00 0.00 0.00 0.00 Kiwibank 2009 14 23 19 25.48 0.09 0.14 0.20 2008 4 9 4 20.65 0.04 0.05 0.09 Kookmin Bank Auckland 2009 0 0 0 0.00 0.00 0.00 0.00 2008 0 0 0 0.00 0.00 0.00 0.00 Rabobank Nederland New Zealand Banking Group (i) 2009 82 77 299 30.44 0.24 1.33 1.02 2008 22 20 136 16.22 0.09 0.37 0.31 Southland Building Society (j) 2009 12 13 22 36.87 0.20 0.53 0.52 2008 9 9 8 40.75 0.16 0.30 0.41 The Bank of Tokyo-Mitsubishi UFJ, 2009 0 0 0 0.00 0.00 0.00 0.00 Auckland 2008 0 0 0 0.00 0.00 0.00 0.00 TSB Bank 2009 3 8 2 34.17 0.63 0.67 0.14 2008 2 2 1 34.25 0.54 0.55 0.10 Westpac Banking Corporation New Zealand Division 2009 690 346 676 22.49 0.82 1.08 1.23 2008 181 222 278 23.74 0.46 0.58 0.34 Bank Sector Total 2009 2,198 1,497 3,360 32.82 0.59 0.96 0.75 2008 639 809 1,019 31.73 0.39 0.51 0.24 ANZ National Bank 2009 874 435 1,178 40.24 0.89 1.41 0.93 2008 302 309 328 40.24 0.54 0.67 0.32 Australia and New Zealand Banking Group 2009 9 11 10 30.00 0.07 0.10 0.20 (k) ASB Bank 2009 238 374 352 23.58 0.33 0.49 0.46 2008 40 144 30 73.33 0.17 0.22 0.09 Commonwealth Bank of Australia New Zealand 2009 67 0 68 60.29 0.40 1.18 1.25 2008 7 0 0 0.00 0.24 0.24 0.13 Rabobank Nederland 2009 1 0 0 0.00 0.15 0.15 0.04 2008-1 0 0 0.00 0.09 0.09-0.08 Rabobank New Zealand 2009 81 76 298 30.41 0.26 1.61 1.30 2008 23 20 135 16.37 0.08 0.46 0.44 Westpac Banking Corporation 2009 70 0 5 20.00 1.17 1.18 0.84 2008 11 1 0 0.00 0.29 0.29 0.13 Westpac New Zealand 2009 620 346 670 22.39 0.76 1.07 1.29 2008 170 221 278 23.38 0.50 0.63 0.38 Key: n/a = not available/applicable Profitability Measures Analysis of Annual Results FIPS 33 Efficiency Measures Total Net Interest Interest Non- Net Net Profit Net Profit Underlying Underlying Operating Operating Operating Interest Margin Spread interest Profit After Tax/ After Tax/ Profit Profit/ Expenses/ Expenses/ Income Income/ Income/ After Tax Average Average Average Average Operating Average Average Equity Total Assets Total Assets Total Assets Income Total Assets Total Assets $Million % % % % $Million % % $Million % % % 38 1.42 1.58 1.82 1.02 10 19.31 0.64 14 0.86 1.58 64.67 3,189 1.89 2.10 1.79 0.73 194 2.68 0.16 827 0.68 1.22 46.38 3,067 1.81 1.96 1.43 0.93 990 14.16 0.88 1,320 1.18 1.29 47.11-2 n/a 0.02 n/a 8.96-2 n/a n/a -2 n/a n/a -7.60 1,652 2.02 2.26 1.88 0.45-181 -4.71-0.27 685 1.02 1.16 47.03 1,917 2.20 2.41 1.84 0.98 785 21.36 1.30 1,072 1.78 1.28 40.38 48 0.80 0.81 0.74 0.51 21 17.81 0.58 30 0.83 0.48 36.71 73 1.33 1.35 1.21 0.66 36 41.07 0.99 52 1.41 0.57 28.90 1,524 1.47 1.53 0.61 0.74 379 11.09 0.55 580 0.84 0.93 41.93 1,314 1.64 1.69 0.63 0.47 490 15.95 0.79 672 1.08 0.96 45.28 166 2.74 3.09 3.01 1.95 84 43.75 2.38 117 3.31 1.07 22.89 120 2.65 2.97 3.14-0.13 58 34.63 1.22 81 1.70 0.80 31.67 136 1.78 1.87 1.70 0.71 51 214.14 0.93 73 1.35 1.03 41.39 130 1.50 1.56 1.29 0.62 40 179.05 0.65 61 0.99 1.13 53.20 6 0.52 0.56 0.57 3.55 2 54.03 1.08 2 1.22 2.85 70.12 3 2.43 2.61 1.73 2.30 1 7.92 1.68 1 1.99 2.74 57.96 313 1.86 1.88 1.68 1.70 64 18.68 0.72 88 1.00 2.40 67.44 238 1.93 1.94 1.60 2.06 37 12.80 0.62 59 0.98 2.93 73.57 13 2.42 2.43 2.38 0.63 7 104.16 1.70 11 2.47 0.58 18.94 9 1.62 1.63 1.59 0.60 5 96.51 1.13 7 1.61 0.61 27.40 306 3.69 3.81 3.61-0.16 114 40.70 1.31 150 1.73 0.85 24.02-11 2.73 2.82 2.44-2.88-121 -42.88-1.61-99 -1.32 0.88-588.07 72 2.46 2.50 1.97 0.42 12 7.76 0.49 16 0.65 1.73 60.01 70 2.54 2.58 2.11 0.48 14 9.68 0.62 20 0.86 1.77 58.52 10 0.77 0.78 0.77 0.32 6 89.47 0.69 8 0.91 0.18 16.62 7 0.87 0.89 0.87 0.15 4 64.53 0.57 5 0.80 0.22 21.45 107 2.62 2.64 1.82 0.44 43 15.42 1.23 61 1.75 1.22 39.91 101 2.95 2.98 2.12 0.40 39 16.53 1.30 59 1.94 1.34 40.09 2,090 2.07 2.37 1.79 0.85-494 -12.29-0.69 595 0.83 1.12 38.52 1,910 1.99 2.25 1.55 0.85 682 17.07 1.01 958 1.43 1.15 40.37 9,629 1.91 2.10 1.64 0.71 299 1.50 0.08 3,241 0.88 1.14 43.52 8,987 1.92 2.07 1.43 0.78 3,070 16.12 0.91 4,405 1.30 1.20 45.26 3,327 2.01 2.24 1.78 0.83 298 3.00 0.25 976 0.83 1.26 44.39 3,325 2.04 2.21 1.50 0.92 1,163 12.57 1.04 1,579 1.41 1.29 43.43 60 1.53 n/a n/a n/a 28 n/a n/a 40 n/a n/a 18.33 1,512 1.57 1.64 1.00 0.85 425 13.37 0.68 642 1.03 1.02 41.80 1,329 1.78 1.83 1.15 0.58 515 16.30 0.92 701 1.25 1.05 44.24 85 0.38 0.40 0.20 0.43 7 1.85 0.07 11 0.10 0.07 8.24 47 0.31 0.32-0.20 0.14 22 8.46 0.21 34 0.33 0.06 12.77 24 2.19 2.30 2.24-1.79 14 14.52 0.23 23 0.38 0.01 2.53 31 1.50 1.57 1.46-0.90 22 29.49 0.43 32 0.62 0.01 2.49 183 2.79 2.82 2.45 0.03 8 3.24 0.13 13 0.20 1.37 48.67 129 2.33 2.35 1.85 0.03 29 11.75 0.52 42 0.76 1.18 50.04 475 1.10 1.75 1.16 0.76-513 -24.82-2.01 318 1.24 0.34 18.32 329 0.73 1.05-0.04 0.65 179 8.73 0.75 248 1.04 0.29 21.28 1,679 2.49 2.50 1.68 0.69 248 5.71 0.47 354 0.67 1.33 41.99 1,655 2.59 2.61 1.75 0.77 562 14.80 1.14 797 1.62 1.40 41.57 Changes in accounting policy that have not had a material below has been to impact certain ratios, or led to the (a) If in their latest published financials an entity has changed their comparative year figures we have restated the numbers accordingly. (b) ABN AMRO 2009 figures are not presented as the entity was acquired by Royal Bank of Scotland (RBS) during the year. ABN AMRO New Zealand relinquished its banking license on 29 May 2009 and has ceased operations in New Zealand. The 2008 figures are presented for comparison purposes and are for the New Zealand Banking Group (as defined by the RBNZ), which comprised of ABN AMRO Bank N.V., and all the New Zealand incorporated subsidiaries of ABN AMRO N.V., Amsterdam. (c) Figures are for the New Zealand Banking Group, which comprises the aggregated NZ operations of Australia and New Zealand Banking Group, including those operations conducted through the New Zealand and the ANZ National Bank Group. Consolidated accounts for ANZ National Bank include the results of UDC Finance, which is also shown separately within the Finance Companies section. (d) Bank of Baroda (New Zealand) (Baroda) became a registered New Zealand bank on 1 September 2009. Baroda is a subsidiary of Bank of Baroda (India). Certain ratios and comparative numbers are not applicable and have not been presented. (e) Figures are for the New Zealand Banking Group, which comprises Citibank, N.A. and Citicorp Services and its subsidiaries. (f) Figures are for the New Zealand Banking Group, which comprises Commonwealth Bank of Australia including various controlled entities and the ASB Banking Group Operations comprising ASB Bank, ASB Holdings and ASB Funding. (g) Figures are for the New Zealand Banking Group, which comprises Deutsche Bank AG, New Zealand, in-substance subsidiaries and other New Zealand subsidiaries of Deutsche New Zealand. (h) Figures shown are for the New Zealand Banking Group, which comprises of JPMorgan Chase Bank New Zealand and associated entities. (i) Figures are for the New Zealand Banking Group, which comprises Rabobank Nederland New Zealand, Rabobank New Zealand and various subsidiaries. Rabobank Nederland s head office account, which comprises current period and cumulative surpluses, has been reclassified from liability to equity for consistency with other banks. This has impacted certain ratios. (j) Southland Building Society, which became a registered bank on 7 October 2008, has been included in sector totals for both 2009 and 2008. (k) Australia and New Zealand Banking Group became a registered New Zealand bank on 5 January 2009. Certain ratios and comparative numbers are therefore not applicable and have not been presented.

34 FIPS Retail Banks Quarterly Analysis Retail Banks Quarterly Analysis Quarterly Analysis Size & Strength Measures 31-Mar-08 30-Jun-08 30-Sep-08 31-Dec-08 31-Mar-09 30-Jun-09 Total Assets ANZ Banking Group (a) 109,215 111,582 119,598 128,799 129,651 122,905 Bank of New Zealand 58,892 60,169 64,130 76,004 73,214 70,080 Commonwealth Bank of Australia (a) 63,812 66,048 69,522 72,263 72,524 71,662 Kiwibank 6,582 7,183 8,146 9,370 9,700 10,328 Southland Building Society 2,424 n/a 2,488 2,562 2,538 2,562 TSB Bank 3,168 3,281 3,403 3,650 3,831 3,924 Westpac Banking Corporation (a) 63,872 65,698 70,255 77,109 77,230 73,642 72,821 71,789 2.26 2.26 2.32 2.57 2.25 2.31 2.13 2.30 Total/Average 307,965 313,961 337,542 369,757 368,688 355,103 Total Risk Weighted Assets ANZ Banking Group (a) 77,129 77,031 75,449 77,260 83,826 82,421 Bank of New Zealand 48,192 49,015 45,555 45,749 46,075 48,537 Commonwealth Bank of Australia (a) 41,095 42,829 43,893 44,892 45,177 42,829 Kiwibank 3,518 3,378 3,815 4,341 4,639 4,966 Southland Building Society 1,593 n/a 1,637 1,667 1,654 1,664 TSB Bank 1,429 1,472 1,494 1,562 1,689 1,766 Westpac Banking Corporation (a) 45,690 47,273 49,163 51,065 50,798 49,163 Total/Average 218,646 220,998 221,006 226,536 233,858 231,346 Capital Adequacy ANZ Banking Group (a), (b) 9.84 11.39 11.72 11.68 11.00 12.93 Bank of New Zealand 10.80 10.58 10.78 10.68 10.80 10.00 Commonwealth Bank of Australia (a), (b) 12.10 11.60 11.60 11.40 11.40 10.40 Kiwibank 10.10 10.40 10.40 10.00 10.00 10.10 Southland Building Society 9.59 n/a 9.63 9.57 12.46 13.43 TSB Bank 17.66 17.95 18.36 18.15 16.86 17.05 Westpac Banking Corporation (a), (b) 10.10 10.10 10.80 11.20 11.40 11.00 Average Net Profit ANZ Banking Group (a) 382 268 203 210 212 56 Bank of New Zealand 245 181 188 260 140-583 Commonwealth Bank of Australia (a) 148 65 86 109 66 84 Kiwibank 7 7 10 16 14 24 Southland Building Society 3 n/a 5 2 4 3 TSB Bank 8 12 13 9 9 15 Westpac Banking Corporation (a) 206 183 144 220 19 66 Total/Average 1,000 716 648 826 465-335 Profitability Retail Banks Quarterly Analysis FIPS 35 30-Sep-09 31-Dec-09 31-Mar-08 30-Jun-08 30-Sep-08 31-Dec-08 31-Mar-09 30-Jun-09 30-Sep-09 31-Dec-09 Interest Margins 122,992 121,210 2.24 2.20 2.16 2.18 2.10 2.11 1.95 2.05 69,760 67,629 2.51 2.31 2.27 2.54 2.04 2.14 2.05 2.02 71,062 70,161 1.67 1.71 1.53 1.51 1.40 1.61 1.57 1.52 10,743 11,974 2.01 1.73 1.82 2.07 1.63 1.85 1.30 1.13 2,609 2,658 2.58 n/a n/a 2.68 2.26 2.38 2.19 2.30 4,055 4,299 2.97 2.97 2.87 2.62 2.21 3.02 2.73 2.70 354,042 349,720 2.18 2.12 2.11 2.19 1.96 2.06 1.91 1.96 Non-interest Income/Total Assets 81,181 72,906 1.20 0.63 0.94 1.06 0.84 0.32 0.62 1.16 43,838 42,838 0.98 0.99 1.13 1.20 0.68 0.12-0.33 0.71 44,626 43,234 0.42 0.46 0.40 0.82 1.03 0.60 0.67 0.98 5,421 5,607 1.43 1.79 1.60 2.02 1.14 1.88 1.90 1.34 1,687 1,699 0.64 n/a 1.09 0.12 1.86 0.78 0.62 0.76 1,900 1,984 0.22 0.26 0.57 0.13 0.74 0.31 0.50 0.29 48,877 47,710 0.79 0.88 1.00 1.05 0.91 0.76 0.54 0.90 227,530 215,978 0.90 0.73 0.89 1.05 0.87 0.48 0.46 0.98 Impaired Asset Expense/Average Gross Loans 13.70 13.40 0.26 0.31 0.55 0.38 0.78 0.98 1.42 0.62 10.88 11.79 0.15 0.16 0.16 0.26 0.47 0.31 0.35 0.31 10.50 11.63 0.10 0.22 0.13 0.45 0.79 0.70 0.60 0.24 9.80 9.60-0.02 0.21 0.05 0.33 0.21 0.20 0.23 0.21 13.40 13.52 0.82 n/a 1.49 0.63 0.61 0.49 0.65 0.64 16.46 16.38 0.23 0.05 0.19 0.02 0.31 0.07 0.18 0.34 10.80 11.10 0.29 0.25 0.60 0.69 1.70 1.61 0.89 0.84 0.21 0.24 0.39 0.43 0.89 0.88 0.88 0.51 Operating Expenses/Operating Income -284 253 35.47 49.40 48.06 40.82 41.99 52.21 53.25 40.50 2 271 43.97 39.23 39.60 32.21 40.45 56.37 79.84 48.04-122 164 44.55 44.48 53.14 42.96 34.75 39.48 43.56 35.73 14 10 78.36 75.36 76.03 65.87 77.25 55.91 69.05 74.29 2 3 48.77 n/a 64.99 63.96 61.69 55.00 61.11 55.00 14 13 47.06 33.66 33.81 44.76 50.44 31.25 34.38 41.94-802 340 40.67 37.82 46.48 31.55 35.86 38.18 52.53 37.52-1,176 1,054 40.94 44.30 47.43 38.15 40.31 46.95 55.14 41.46 (a) The results for ANZ Banking Group, Commonwealth Bank of Australia and Westpac Banking Corporation relates to the New Zealand banking group division of these entities. (b) The capital adequacy ratios reported are for the overseas banking group. n/a = not available/applicable ANZ Bank of New Zealand CBA Kiwibank Westpac ANZ Bank of New Zealand CBA Kiwibank Westpac ANZ Bank of New Zealand CBA Kiwibank Westpac

36 FIPS Balance Sheets Balance Sheets Analysis of Balance Sheets of Assets Liabilities Equity Registered Banks All amounts expressed in $Millions 2009 Australia and New Zealand Banking Group New Zealand Banking Group 30-Sep 7,276 6,141 11,015 97,421 57 278 3,324 803 126,315 Bank of Baroda (New Zealand) 31-Mar 39 0 0 0 0 0 0 0 39 Bank of New Zealand 30-Sep 2,959 4,000 5,918 55,274 93 142 102 1,374 69,862 Citibank, N.A. 31-Dec 350 1,130 0 294 1,725 0 0 2 3,501 Commonwealth Bank of Australia New Zealand Banking Group 30-Jun 2,896 6,773 2,517 59,033 103 154 394 186 72,056 Deutsche Bank AG, New Zealand Group 31-Dec 29 346 0 203 2,494 4 0 23 3,099 The Hongkong and Shanghai Banking Corporation, 31-Dec 548 539 117 3,307 218 2 20 19 4,770 JPMorgan Chase Bank, N.A. 31-Dec 146 0 0 0 22 0 1 2 171 Kiwibank 30-Jun 294 1,424 49 8,492 0 20 43 49 10,371 Kookmin Bank Auckland 31-Dec 29 0 0 152 250 0 0 0 432 Rabobank Nederland New Zealand Banking Group 31-Dec 7 0 49 8,243 541 7 0 58 8,904 Southland Building Society 31-Mar 100 2 1 2,404 0 16 3 15 2,541 The Bank of Tokyo-Mitsubishi UFJ, Auckland 31-Mar 1 0 5 1,124 7 0 0 1 1,138 Balances with Related Parties Intangibles TSB Bank 31-Mar 62 1,591 27 2,131 0 19 1 1 3,832 3,474 0 0 2 0 0 53 3,529 10 0 0 16 277 303 Westpac Banking Corporation New Zealand Division 30-Sep 1,641 5,490 6,328 55,724 2,759 94 623 785 73,444 Bank Sector Total 16,378 27,437 26,026 293,801 8,269 736 4,511 3,318 380,476 2008 ABN AMRO Bank N.V. New Zealand Banking Group 31-Dec 106 161 0 1,170 31 2 3 19 1,492 Australia and New Zealand Banking Group New Zealand Banking Group 30-Sep 8,543 3,096 7,603 98,214 1,393 242 3,314 673 123,078 Bank of Baroda (New Zealand) 31-Mar 0 0 0 0 0 0 0 0 0 Bank of New Zealand 30-Sep 3,227 2,858 5,128 52,183 55 96 79 583 64,209 Citibank, N.A. 31-Dec 844 673 0 387 1,927 0 0 1 3,832 Commonwealth Bank of Australia New Zealand Banking Group 30-Jun 2,846 5,402 1,249 56,015 173 159 331 148 66,323 Deutsche Bank AG, New Zealand Group 31-Dec 38 627 0 385 2,888 5 0 30 3,973 The Hongkong and Shanghai Banking Corporation Balance Date Cash on Hand, Money at Call and Balances with Other Banks Trading, Investment Securities, Investments in Subsidiaries and Investment Properties, 31-Dec 631 812 193 4,063 436 3 21 33 6,190 JPMorgan Chase Bank, N.A. 31-Dec 106 0 0 0 6 0 0 2 113 Kiwibank 30-Jun 408 1,118 32 5,581 0 19 47 26 7,230 Kookmin Bank Auckland 31-Dec 1 0 0 173 251 1 0 0 427 Rabobank Nederland New Zealand Banking Group 31-Dec 14 2 62 7,732 560 4 0 36 8,411 Southland Building Society 31-Mar 52 3 7 2,334 1 17 3 10 2,426 The Bank of Tokyo-Mitsubishi UFJ, Auckland 31-Mar 18 0 3 616 5 0 0 1 643 TSB Bank 31-Mar 94 999 2 2,050 0 16 1 7 3,169 Westpac Banking Corporation New Zealand Division 30-Sep 2,508 3,610 5,137 55,780 2,170 78 627 972 70,882 Bank Sector Total 19,436 19,362 19,417 286,682 9,896 641 4,425 2,540 362,400 Derivative Financial Instruments Loans and Advances (Less Provisions) Fixed Assets Other Assets Total Assets (a) Customer Deposits Balances with Other Banks/Money Market Deposits Debt Securities Derivative Financial Instruments Balances with Related Parties Subordinated Debt Other Liabilities Total Liabilities Share Capital Ordinary Shares Head Office Account Convertible Debentures/Perpetual Preference Shares Other Equity/Cash Balance Sheets FIPS 37 Flow Hedge Reserves Retained Earnings Total Equity 58,309 3,228 23,074 10,974 21,569 0 1,830 118,984 6,424 0 0 64 843 7,331 0 0 0 0 16 0 0 16 25 0 0 0-2 23 29,671 3,892 16,304 7,643 7,149 375 1,083 66,117 1,451 0 710-3 1,587 3,745 1,112 27 0 0 2,221 0 10 3,370 29 32 0 0 69 130 29,376 20,579 0 3,725 14,186 608 157 68,631 704 462 1,271 131 857 3,425 476 0 655 26 1,471 236 33 2,897 20 0 0 0 182 202 2,851 62 779 130 879 0 44 4,744 0 25 0 2 0 27 140 20 0 0 7 0 4 171 0 0 0 0 1 1 8,266 317 913 304 38 144 36 10,016 295 0 0-68 128 355 103 270 0 0 49 0 1 423 0 8 0 0 0 8 3,383 1,278 0 42 3,829 0 36 8,568 42 101 0 0 193 336 2,084 191 0 35 3 42 32 2,386 0 0 0-6 161 156 57 0 0 5 1,068 0 0 1,130 0 3 0 0 5 8 33,243 485 15,837 6,970 8,673 790 3,541 69,539 142 1,392 1,284-140 1,227 3,905 172,545 30,349 57,561 29,856 61,155 2,195 6,860 360,521 9,142 2,023 3,265-4 5,529 19,955 143 60 455 0 737 0 25 1,421 62 0 0 0 9 71 57,188 2,310 28,816 6,472 19,101 0 2,064 115,951 5,413 0 0 47 1,667 7,127 0 0 0 0 0 0 0 0 0 0 0 0 0 0 28,794 1,188 19,451 4,656 5,228 359 600 60,276 1,451 0 450 7 2,025 3,933 1,176 27 0 0 2,510 0 10 3,723 29 32 0 0 48 109 27,284 20,113 0 1,000 13,425 579 512 62,913 704 262 1,271 604 569 3,410 357 0 1,224 203 1,674 300 33 3,791 20 0 0 0 162 182 3,203 84 1,581 186 1,057 0 59 6,170 0 20 0 1 0 21 104 0 0 0 3 0 1 108 0 0 0 1 4 5 5,748 486 482 62 4 76 46 6,904 275 0 0-14 65 326 117 0 0 0 304 0 1 421 0 6 0 0 0 6 3,989 1,984 0 48 2,144 0 24 8,189 42 87 0 0 93 222 1,824 418 0 1 2 0 25 2,271 0 0 0 5 150 155 70 0 0 3 564 0 0 638 0 3 0 0 3 6 2,874 0 0 0 0 0 41 2,916 10 0 0 0 243 253 32,659 297 15,265 4,602 11,307 798 1,822 66,750 133 174 2,584-64 1,305 4,132 165,530 26,968 67,274 17,233 58,060 2,112 5,264 342,442 8,139 584 4,305 587 6,343 19,958 Footnote (a) Total assets is based on audited financial statements and includes intangible assets.

42 FIPS Performance Rankings Performance Rankings Finance Companies Motor Vehicles and Vendor Total Assets Increase in Total Assets Gearing Net Profit After Tax Finance (MV/VF) $ 000 % % $ 000 1 Custom Fleet NZ 1,156,413 Custom Fleet NZ 81.42 Canon Finance New Zealand 55.71 Motor Trade Finances 8,764 2 Toyota Finance New Zealand 991,628 Toyota Finance New Zealand 35.50 ORIX New Zealand 16.96 Toyota Finance New Zealand 8,458 3 Motor Trade Finances 536,368 Mercedes-Benz Financial 10.78 Fuji Xerox Finance 14.28 ORIX New Zealand 3,589 Services New Zealand 3 UDC Finance 1,877,578 PGG Wrightson Finance 13.40 UDC Finance 12.35 UDC Finance 2,688 MARAC Finance 1.97 PGG Wrightson Finance 12.89 Oxford Finance 5.11 MARAC Finance 1.02 Oxford Finance 43.14 DF Segment Total 9,200,419 Segment Average -3.60 Segment Average 11.52 Segment Total -305,398 Consumer Finance (CF) Total Assets Increase in Total Assets Gearing Net Profit After Tax $ 000 % % $ 000 Average Total Assets % Equity % Average Total Assets % Average Loans & Advances % Operating Income % 1 Fisher & Paykel Finance 642,118 NZF Money 3.34 Instant Finance NZ 22.41 Fisher & Paykel Finance 9,370 Group 2 NZF Money 264,796 Fisher & Paykel Finance -17.56 Geneva Finance 17.38 Instant Finance NZ 1,092 Group 3 Geneva Finance 111,513 Instant Finance NZ -18.49 NZF Money 4.38 NZF Money -2,195 CF Segment Total 1,082,754 Segment Average -15.02 Segment Average 10.30 Segment Total 1,269 Finance Companies Sector Total 15,620,682 Sector Average -5.44 Sector Average 11.59 Sector Total -660,822 Savings Institutions Group Performance Rankings FIPS 43 Underlying Profit/ Net Profit After Tax/ Net Interest Income/ Impaired Asset Expense/ Operating Expense/ Average Total Assets % Equity % Average Total Assets % Average Loans & Advances % Operating Income % Canon Finance New Zealand 6.81 John Deere Credit 76.20 Canon Finance New Zealand 9.70 John Deere Credit 0.00 Canon Finance New Zealand 26.09 John Deere Credit 2.01 Motor Trade Finances 15.51 ORIX New Zealand 6.74 ORIX New Zealand 0.29 John Deere Credit 37.89 Toyota Finance New Zealand 1.45 Canon Finance New Zealand 10.10 Motor Trade Finances 6.11 Motor Trade Finances 0.35 Toyota Finance New Zealand 52.84 MV/VF Segment Total 4,305,736 Segment Average 8.86 Segment Average 11.35 Segment Total -24,542 Segment Average -0.84 Segment Average -6.49 Segment Average 2.70 Segment Average 0.79 Segment Average 110.22 Property Development and Total Assets Increase in Total Assets Gearing (b) Net Profit After Tax Underlying Profit/ Net Profit After Tax/ Net Interest Income/ Impaired Asset Expense/ Operating Expense/ Commercial Finance (PD/CF) (a) $ 000 % % $ 000 Average Total Assets % Equity % Average Total Assets % Average Loans & Advances % Operating Income % 1 Strategic Finance 340,867 Equitable Mortgages -8.58 CIT Group (New Zealand) 46.21 CIT Group (New Zealand) 4,025 CIT Group (New Zealand) 8.24 North South Finance 100.34 Strategic Finance 14.64 Equitable Mortgages 0.06 Strategic Finance 16.84 2 Hanover Finance 286,169 CIT Group (New Zealand) -14.73 Equitable Mortgages 11.80 Equitable Mortgages 2,347 Equitable Mortgages 1.98 CIT Group (New Zealand) 18.26 Hanover Finance 9.48 CIT Group (New Zealand) 0.33 CIT Group (New Zealand) 25.01 3 Equitable Mortgages 162,002 Strategic Finance -35.92 North South Finance -19,964 North South Finance -42.23 Equitable Mortgages 11.79 CIT Group (New Zealand) 6.56 North South Finance 34.43 Equitable Mortgages 25.83 PD/CF Segment Total 1,031,773 Segment Average -40.90 Segment Average 20.16 Segment Total -332,151 Segment Average -40.93 Segment Average (b) Segment Average 8.89 Segment Average 45.56 Segment Average 47.77 Diversified Finance (DF) (c) Total Assets Increase in Total Assets Gearing Net Profit After Tax Underlying Profit/ Net Profit After Tax/ Net Interest Income/ Impaired Asset Expense/ Operating Expense/ $ 000 % % $ 000 Average Total Assets % Equity % Average Total Assets % Average Loans & Advances % Operating Income % 1 South Canterbury Finance 2,335,774 Allied Nationwide Finance 89.34 Farmers Mutual Finance 14.78 MARAC Finance 19,054 Oxford Finance 2.46 Oxford Finance 17.18 Dorchester Finance 6.76 Medical Securities 0.11 PGG Wrightson Finance 32.89 2 GE Finance and Insurance 1,897,445 South Canterbury Finance 18.53 Dorchester Finance 14.13 PGG Wrightson Finance 7,778 PGG Wrightson Finance 2.05 MARAC Finance 13.01 S.H. Lock (NZ) 5.86 PGG Wrightson Finance 0.54 MARAC Finance 38.17 Segment Average -2.65 Segment Average -28.78 Segment Average 3.72 Segment Average 4.47 Segment Average 75.31 Underlying Profit/ Net Profit After Tax/ Net Interest Income/ Impaired Asset Expense/ Operating Expense/ Fisher & Paykel Finance 2.98 Fisher & Paykel Finance 12.36 Instant Finance NZ 14.42 NZF Money 1.70 Fisher & Paykel Finance 47.30 Group Group Group Instant Finance NZ 2.43 Instant Finance NZ 6.07 Geneva Finance 10.98 Fisher & Paykel Finance 3.31 Instant Finance NZ 78.77 Group NZF Money -1.20 NZF Money -14.82 Fisher & Paykel Finance 7.59 Instant Finance NZ 3.99 Geneva Finance 79.82 Group Segment Average 1.12 Segment Average 1.01 Segment Average 7.37 Segment Average 3.72 Segment Average 60.52 Sector Average -5.22 Sector Average -41.97 Sector Average 4.17 Sector Average 7.81 Sector Average 75.49 Savings Institutions Total Assets Increase in Total Assets Gearing Net Profit After Tax $ 000 % % $ 000 1 PSIS 1,326,953 Credit Union Baywide 26.01 Credit Union Baywide 17.87 PSIS 7,889 2 CBS Canterbury 539,998 Nelson Building Society 10.90 First Credit Union 17.46 Police and Families Credit 1,150 Union 3 Southern Cross Building 412,012 First Credit Union 7.62 Credit Union South 15.91 Credit Union South 795 Society Savings Institutions Sector Total 3,358,500 Sector Average 2.78 Sector Average 9.84 Sector Total -3,825 Underlying Profit/ Net Profit After Tax/ Net Interest Income/ Impaired Asset Expense/ Operating Expense/ Average Total Assets % Average Net Assets % Average Total Assets % Average Loans & Advances % Operating Income % Police and Families Credit 1.72 Police and Families Credit 11.99 Credit Union South 7.82 Police and Families Credit 0.22 CBS Canterbury 40.17 Union Union Union PSIS 0.83 PSIS 7.91 Credit Union Baywide 6.90 Wairarapa Building Society 0.27 Police and Families Credit 62.84 Union Credit Union South 0.75 Credit Union South 4.77 Credit Union North 5.49 PSIS 0.41 Nelson Building Society 69.67 Sector Average 0.09 Sector Average -1.16 Sector Average 3.02 Sector Average 1.12 Sector Average 76.20 (a) On 12 March 2010, Strategic Finance was placed in receivership. Given that the 2009 financial statements were available, the company has been presented in the sector. (b) Due to a number of PD/CF entities having negative Net Profit after Tax and negative Equity, the segment average could not be calculated to reflect its true position. (c) South Canterbury Finance has recently announced that it has restated its 2009 reported financial statements. We have presented the charging group results for 2009 and 2008 on the basis that the amended annual report is not available.

44 FIPS Analysis of Annual Results Finance Companies Analysis of Consolidated Accounts of Finance Companies (a), (b) Rank by Total Assets Location of Retail Deposit Balance Date Year Total Assets Head Office Guarantee Scheme (o) $ 000 Motor Vehicle and Vendor Finance (MV/VF) BMW Financial Services New Zealand 18 Auckland 31-Dec 2008 228,150 2007 231,507 Canon Finance New Zealand (c) 31 Auckland 31-Dec 2008 51,050 2007 49,063 Custom Fleet NZ (d) 5 Auckland 31-Dec 2008 1,156,413 2007 637,433 Fuji Xerox Finance 19 Auckland 31-Mar 2009 195,271 2008 199,026 GMAC Financial Services NZ 15 Auckland 31-Dec 2008 309,106 2007 430,283 John Deere Credit 21 Auckland 31-Oct 2009 152,945 2008 142,497 Mercedes-Benz Financial Services 12 Auckland 31-Dec 2008 355,212 2007 320,653 Motor Trade Finances (e) 9 Dunedin 30-Sep 2009 536,368 2008 623,893 ORIX New Zealand 14 Auckland 31-Mar 2009 329,593 2008 342,440 Speirs Group (f) Palmerston North 31-Mar 2008 246,744 Toyota Finance New Zealand 6 Auckland 31-Mar 2009 991,628 2008 731,802 MV/VF Segment Total 2009 4,305,736 2008 3,955,341 Property Development and Commercial Finance (PD/CF) CIT Group (New Zealand) 30 Auckland 31-Dec 2008 52,048 2007 61,039 Equitable Mortgages (g) 20 Auckland 31-Mar 2009 162,002 2008 177,203 Hanover Finance (h), (i). (j) 16 Auckland 30-Jun 2009 286,169 2008 591,917 North South Finance (i), (j), (k) 28 Auckland 31-Mar 2009 57,814 2008 100,522 St Laurence (d), (j), (k), (l) 22 Wellington 31-Mar 2009 132,873 2008 283,217 Strategic Finance (i), (j), (k), (m), (n) 13 Wellington 30-Jun 2009 340,867 2008 531,920 PD/CF Segment Total 2009 1,031,773 2008 1,745,818 Key: n/a = not available/applicable; n/d = not disclosed. = Approved institution Original Retail Deposit Guarantee Scheme. = Approved institution Original and Extended Retail Deposit Guarantee Scheme (to 31 December 2011). Size & Strength Measures Analysis of Annual Results FIPS 45 Growth Measures Net Assets Gearing Net Loans and Number of Employees Increase in Net Profit Increase in Underlying Increase in Total Assets Advances (p) (q) After Tax Profit $ 000 % $ 000 % % % 20,656 9.05 194,040 17-118.67-145.15-1.45 21,281 9.19 202,345 15 29.87 20.74 6.29 28,438 55.71 36,609 7-5.43-6.58 4.05 25,705 52.39 43,191 7 10.01 4.53-12.50 0 n/a 510,154 n/d -133.89-301.94 81.42 0 n/a 23,527 n/d -357.47-208.62 8.73 27,880 14.28 193,760 11-574.55-514.43-1.89 56,087 28.18 193,108 8-21.77-11.56 6.98 21,242 6.87 253,575 25-235.30-228.87-28.16 29,512 6.86 366,409 25 757.33 717.00 2.57 3,766 2.46 109,077 1 164.38 163.74 7.33 1,688 1.18 107,613 1 36.70 32.08 37.54 17,869 5.03 329,955 31 208.47 170.94 10.78 17,874 5.57 300,116 37 115.34 117.56 0.62 63,473 11.83 494,365 52-64.99-67.01-14.03 49,574 7.95 585,948 52-1.79-1.79 4.14 55,888 16.96 71,375 71-10.14 11.70-3.75 58,267 17.02 77,564 77 265.42 322.73-5.05 4,506 1.83 228,607 n/a n/a n/a -13.99 118,117 11.91 590,345 61-15.26 11.64 35.50 109,659 14.98 499,842 60-9.51-32.13 9.27 357,329 11.35 2,783,255 276-151.39-153.13 8.86 374,153 11.28 2,628,270 282-1.31-9.07 3.97 24,050 46.21 41,717 n/d 20.08 4.51-14.73 20,025 32.81 56,182 1 36.76-4.64 16.27 19,109 11.80 0 7 969.26 25.23-8.58 20,712 11.69 126,704 8-113.47-10.19-4.34 0 n/a 271,284 20-1,102.71-1,367.95-51.65 64,857 10.96 512,398 35-76.94-66.67-38.42 0 n/a 42,162 0-6.34-111.88-42.49 0 n/a 97,836 0-419.87-280.05-28.44 0 n/a 48,756 0-448.06-1,763.17-53.08 6,733 2.38 157,099 0-15.09-51.33-11.45 0 n/a 325,703 19-1,012.78-726.09-35.92 72,152 13.56 510,469 35-153.35-146.35-23.09 43,159 20.16 729,622 46-3,508.38-30,119.51-40.90 184,479 11.21 1,460,688 79-109.06-101.34-31.09 Changes in accounting policy that have an immaterial below has been to impact certain ratios, or to lead to the (a) Where comparatives have been restated in the latest financial statements, we have restated the tables accordingly. (b) Where applicable, consolidated Group numbers have been used. (c) Canon Finance New Zealand and Oxford Finance have been included in this FIPS as their total assets as at their latest balance dates now exceed $50 million. (d) As at their respective balance dates, Custom Fleet NZ, Fisher & Paykel Finance Group, GE Finance and Insurance, and St Laurence had goodwill and other intangible assets which exceeded their equity. In accordance with the Survey definitions, total assets and net assets are adjusted to exclude goodwill intangibles. We do not believe it is appropriate to present negative net tangible assets or gearing ratios and therefore segment and sector net assets have been adjusted to exclude these companies. (e) Motor Trade Finances has previously operated as a cooperative and with the exception of non-member income and certain timing differences on member income, the Group incurred minimal taxation. The Group has restructured in the current year. The 2008 comparative includes a proforma tax expense and net profit after tax that has been calculated on this basis. No such adjustment is required in the current year. (f) Speirs Group portfolio was sold to Allied Nationwide during the 2009 financial year. For comparison purposes, their 2008 results have been included in the 2008 sector totals. (g) All of Equitable Mortgages s loans and advances have been sold to a Group Investment Fund and are therefore treated as Available for Sale securities. (h) The results for Hanover Finance are for the Charging Group which comprise charging subsidiaries. Hanover s fair value adjustment on debt restructure has been (i) Hanover Finance, North South Finance, St Laurence, Strategic Finance, and Dorchester Finance were all in moratorium s for debt and debenture repayments. As the financial results for these companies were still publicly available and so as to provide a true and fair view of the sector, they have been included in all segment and sector totals. (j) As at their respective balance dates, Hanover Finance, North South Finance, and Strategic Finance, all of whom were in moratorium, had total liabilities which exceeded their total assets. We do not believe it is appropriate to present negative net tangible assets or gearing ratios and therefore segment and sector net assets have been adjusted to exclude these companies. (k) North South Finance, St Laurence, and Strategic Finance s fair value adjustments on debt have been treated as abnormal. (l) St Laurence had nil employees as the company is managed at the Group level. (m) On 12 March 2010, Strategic Finance was placed in receivership. Given that the 2009 financial statements were available, the company has been presented in the sector. (n) Strategic Finance s goodwill write-off has been treated as abnormal. (o) Total assets exclude goodwill. (p) Net loans and advances exclude operating lease assets. (q) Employee numbers are on a full time equivalent basis (including casuals and contracting staff) at the annual balance date and the prior balance date. (r) Dorchester Finance s debenture fair value adjustment and interest accrual write-back has been (s) GE Finance and Insurance results include $20 million (2008: $18 million) of management income from their parent company and their write-off of goodwill has been treated as an abnormal expense. (t) MARAC Finance amalgamated with Nissan Finance New Zealand during the financial year ended 30 June 2009. (u) MARAC Finance s results include securitisation vehicles. (v) South Canterbury Finance has recently announced that it has restated its 2009 reported financial statements. We have presented the charging group results for 2009 and 2008 on the basis that the amended annual report is not available. (w) Fisher & Paykel Finance Group comprises Fisher & Paykel Finance and Fisher & Paykel Finance Holdings (and their respective subsidiaries). (x) Where information is not available for 2009, 2008 or 2007 sector averages have been adjusted. The 2009 sector totals include companies with financial reporting periods ended 1 October 2008 to 30 September 2009. (y) Current financial results for Truck Leasing, Liberty Financial, The Warehouse Financial Services, and Easy Factors International were not available at publication date. The financial data for 2008 has been included for reference only and is not included in the sector totals. (z) Mascot Finance was placed under receivership on 2 March 2009 and became the first entity to trigger the Government s deposit guarantees scheme.

46 FIPS Analysis of Annual Results Finance Companies Analysis of Consolidated Accounts of Finance Companies (a), (b) (continued) Rank by Total Assets Location of Retail Deposit Balance Date Year Total Assets Head Office Guarantee Scheme (n) Diversified Finance (DF) Allied Nationwide Finance 11 Wellington $ 000 30-Jun 2009 361,960 2008 191,167 Dorchester Finance (i), (r) 23 Auckland 31-Mar 2009 117,158 2008 246,317 Farmers Mutual Finance 27 Palmerston North 31-Mar 2009 59,280 2008 74,801 GE Finance and Insurance (d), (s) 2 Auckland 31-Dec 2008 1,897,445 2007 2,470,255 MARAC Finance (t), (u) 4 Auckland 30-Jun 2009 1,412,795 2008 1,352,264 Nissan Finance New Zealand (t) 2008 84,348 Medical Securities 10 Wellington 31-Mar 2009 392,298 2008 457,239 Oxford Finance (c) 29 Levin 31-Mar 2009 54,543 2008 52,666 PGG Wrightson Finance 8 Christchurch 30-Jun 2009 575,475 2008 507,464 S.H. Lock (NZ) 24 Auckland 30-Jun 2009 116,113 2008 103,479 South Canterbury Finance (v) 1 Timaru 30-Jun 2009 2,335,774 2008 1,970,601 UDC Finance 3 Auckland 30-Sep 2009 1,877,578 2008 2,033,259 DF Segment Total 2009 9,200,419 2008 9,543,860 Consumer Finance (CF) Fisher & Paykel Finance Group (d), (w) 7 Auckland 31-Mar 2009 642,118 2008 778,854 Geneva Finance 25 Auckland 31-Mar 2009 111,513 2008 160,054 Instant Finance NZ 26 Auckland 31-Mar 2009 64,327 2008 78,921 NZF Money 17 Auckland 31-Mar 2009 264,796 2008 256,244 CF Segment Total 2009 1,082,754 2008 1,274,073 Finance Sector Total (x) 2009 15,620,682 2008 16,519,092 2009 Financial Statements not available (y) Easy Factors International 30-Jun 2008 169,531 Liberty Financial 30-Jun 2008 318,518 The Warehouse Financial Services 30-Sep 2008 87,531 Truck Leasing 30-Sep 2008 197,735 In Receivership PD/CF Segment Mascot Finance (z) 31-Mar 2008 136,960 Key: n/a = not available/applicable; n/d = not disclosed. = Approved institution Original Retail Deposit Guarantee Scheme. = Approved institution Original and Extended Retail Deposit Guarantee Scheme (to 31 December 2011). Size & Strength Measures Analysis of Annual Results FIPS 47 Growth Measures Net Assets Gearing Net Loans and Number of Employees Increase in Net Profit Increase in Underlying Increase in Total Assets Advances (p) (q) After Tax Profit $ 000 % $ 000 % % % 30,212 8.35 309,814 48-397.92-334.07 89.34 26,221 13.72 160,908 32-54.70-38.45-36.74 16,553 14.13 73,682 40-39.13-288.67-52.44 23,635 9.60 187,496 0-374.82-390.49-35.76 8,764 14.78 54,582 5-229.17-215.14-20.75 9,291 12.42 69,918 15-29.53-25.60-6.49 80,340 4.23 1,820,468 n/d -1,056.18-215.18-23.19 0 n/a 2,378,706 n/d -163.64-212.38 6.55 152,961 10.83 1,300,159 156-26.33-29.49 4.48 139,989 10.35 1,309,970 160 4.81 4.81 8.89 10,780 12.78 62,302 0 51.91 80.57-3.35 38,874 9.91 376,959 39-132.36-129.20-14.20 39,717 8.69 386,320 46-10.60-9.79 5.54 6,033 11.06 52,451 15-30.43-40.20 3.56 5,864 11.13 52,268 14 72.82 60.29 9.52 66,816 11.61 559,659 58 33.67 28.34 13.40 53,892 10.62 502,591 63 6.73 5.09 27.42 7,994 6.88 110,721 25-600.00-488.37 12.21 11,354 10.97 102,372 25-61.67-22.22 35.19 200,775 8.60 1,643,530 95-334.83-318.60 18.53 246,597 12.51 1,380,307 120 104.69 70.70 22.58 231,874 12.35 1,865,588 215-90.48-104.95-7.66 229,186 11.27 2,027,451 192-76.23-78.71-1.61 841,196 11.52 8,167,613 696-358.79-273.36-3.60 796,526 11.26 8,620,609 667-45.87-45.58 5.53 0 n/a 609,691 231-37.29-13.81-17.56 74,979 9.63 604,007 233 50.22-7.94 8.06 19,380 17.38 100,474 72 11.16-4.26-30.33 2,684 1.68 141,938 86-329.12-221.73-2.72 14,416 22.41 57,641 120-70.98-70.04-18.49 13,124 16.63 66,800 135 100.91 97.02 0.15 11,596 4.38 255,144 16-146.86-144.33 3.34 18,029 7.04 241,714 15 39.20 40.18 43.25 45,392 10.30 1,022,950 439-91.82-57.51-15.02 108,816 8.54 1,054,459 469-16.71-21.88 11.47 1,287,076 11.59 12,703,440 1,457-484.02-452.52-5.44 1,463,974 11.00 13,764,026 1,497-55.08-53.43 1.09 10,907 6.43 167,961 13-81.89 7.43 29.78-2,990-0.94 268,063 n/d -1,133.61-182.78 7.03 15,719 17.96 70,950 n/d -4.07-3.55-3.51 45,443 22.98 2,036 120-98.66-130.66-42.25 9,087 6.63 118,294 12-307.36-302.05-24.97 Changes in accounting policy that have an immaterial below has been to impact certain ratios, or to lead to the (a) Where comparatives have been restated in the latest financial statements, we have restated the tables accordingly. (b) Where applicable, consolidated Group numbers have been used. (c) Canon Finance New Zealand and Oxford Finance have been included in this FIPS as their total assets as at their latest balance dates now exceed $50 million. (d) As at their respective balance dates, Custom Fleet NZ, Fisher & Paykel Finance Group, GE Finance and Insurance, and St Laurence had goodwill and other intangible assets which exceeded their equity. In accordance with the Survey definitions, total assets and net assets are adjusted to exclude goodwill intangibles. We do not believe it is appropriate to present negative net tangible assets or gearing ratios and therefore segment and sector net assets have been adjusted to exclude these companies. (e) Motor Trade Finances has previously operated as a cooperative and with the exception of non-member income and certain timing differences on member income, the Group incurred minimal taxation. The Group has restructured in the current year. The 2008 comparative includes a proforma tax expense and net profit after tax that has been calculated on this basis. No such adjustment is required in the current year. (f) Speirs Group portfolio was sold to Allied Nationwide during the 2009 financial year. For comparison purposes, their 2008 results have been included in the 2008 sector totals. (g) All of Equitable Mortgages s loans and advances have been sold to a Group Investment Fund and are therefore treated as Available for Sale securities. (h) The results for Hanover Finance are for the Charging Group which comprise charging subsidiaries. Hanover s fair value adjustment on debt restructure has been (i) Hanover Finance, North South Finance, St Laurence, Strategic Finance, and Dorchester Finance were all in moratorium s for debt and debenture repayments. As the financial results for these companies were still publicly available and so as to provide a true and fair view of the sector, they have been included in all segment and sector totals. (j) As at their respective balance dates, Hanover Finance, North South Finance, and Strategic Finance, all of whom were in moratorium, had total liabilities which exceeded their total assets. We do not believe it is appropriate to present negative net tangible assets or gearing ratios and therefore segment and sector net assets have been adjusted to exclude these companies. (k) North South Finance, St Laurence, and Strategic Finance s fair value adjustments on debt have been treated as abnormal. (l) St Laurence had nil employees as the company is managed at the Group level. (m) On 12 March 2010, Strategic Finance was placed in receivership. Given that the 2009 financial statements were available, the company has been presented in the sector. (n) Strategic Finance s goodwill write-off has been treated as abnormal. (o) Total assets exclude goodwill. (p) Net loans and advances exclude operating lease assets. (q) Employee numbers are on a full time equivalent basis (including casuals and contracting staff) at the annual balance date and the prior balance date. (r) Dorchester Finance s debenture fair value adjustment and interest accrual write-back has been (s) GE Finance and Insurance results include $20 million (2008: $18 million) of management income from their parent company and their write-off of goodwill has been treated as an abnormal expense. (t) MARAC Finance amalgamated with Nissan Finance New Zealand during the financial year ended 30 June 2009. (u) MARAC Finance s results include securitisation vehicles. (v) South Canterbury Finance has recently announced that it has restated its 2009 reported financial statements. We have presented the charging group results for 2009 and 2008 on the basis that the amended annual report is not available. (w) Fisher & Paykel Finance Group comprises Fisher & Paykel Finance and Fisher & Paykel Finance Holdings (and their respective subsidiaries). (x) Where information is not available for 2009, 2008 or 2007 sector averages have been adjusted. The 2009 sector totals include companies with financial reporting periods ended 1 October 2008 to 30 September 2009. (y) Current financial results for Truck Leasing, Liberty Financial, The Warehouse Financial Services, and Easy Factors International were not available at publication date. The financial data for 2008 has been included for reference only and is not included in the sector totals. (z) Mascot Finance was placed under receivership on 2 March 2009 and became the first entity to trigger the Government s deposit guarantees scheme.

48 FIPS Analysis of Annual Results Finance Companies Analysis of Consolidated Accounts Credit Quality Measures Profitability Measures of Finance Companies (a), (b) (continued) Year Impaired Asset Provision for Doubtful Past Due Assets Gross Impaired Impaired Asset Expense Debts/Gross Loans Assets Expense/Average and Advances Loans and Advances $ 000 % $ 000 $ 000 % Motor Vehicle and Vendor Finance (MV/VF) BMW Financial Services New Zealand 2008 905 0.83 0 0 0.46 2007 300 0.39 0 0 0.15 Canon Finance New Zealand (c) 2008 180 1.14 0 0 0.45 9.99 5.80 0.00 2,733 10.10 3,409 2.53 26.09 2007 180 1.11 0 0 0.42 Custom Fleet NZ (d) 2008 5,496 0.73 0 0 2.05 2007 1,336 0.00 0 0 4.27 Fuji Xerox Finance 2009 3,544 0.00 0 0 1.83 2008 2,831 0.00 0 0 1.52 GMAC Financial Services NZ 2008 3,994 1.53 41 0 1.29 2007-757 0.34 0 0-0.22 John Deere Credit 2009 2 0.00 0 0 0.00 2008 1 0.00 0 0 0.00 Mercedes-Benz Financial Services 2008 1,928 1.35 824 18,478 0.61 2007 852 1.22 547 10,067 0.29 Motor Trade Finances (e) 2009 1,905 0.95 799 14,823 0.35 2008 208 0.11 208 2,504 0.04 ORIX New Zealand 2009 220 1.12 0 1,793 0.29 2008 265 1.03 135 552 0.32 Speirs Group (f) 2008 0 0.00 0 10,041 0.00 Toyota Finance New Zealand 2009 3,127 1.86 297 1,948 0.57 2008 1,612 1.99 237 2,263 0.33 MV/VF Segment Total 2009 21,301 1.10 1,961 37,042 0.79 Property Development and Commercial Finance (PD/CF) 2008 6,828 0.67 1,127 25,427 0.26 3.62 2.85 0.84 47,759 13.37 65,189 2.52 57.54 CIT Group (New Zealand) 2008 162 1.17 0 0 0.33 2007 509 1.02 0 0 0.93 6.81 4.14 4.94 3,352 18.78 4,459 2.95 25.24 Equitable Mortgages (g) 2009 37 n/a 0 0 0.06 2008 588 n/a 21,033 9,077 0.43 2.95 1.09 0.26-270 -1.55 2,687 1.39 43.46 Hanover Finance (h), (i), (j) 2009 273,664 37.52 13,438 360,407 56.41 2008 36,601 6.75 62,357 61,253 6.20 8.11 6.91 1.49 10,176 11.90 19,563 2.29 24.08 North South Finance (i), (j), (k) 2009 32,864 38.21 0 68,385 34.43 2008 26,539 20.25 3,683 53,313 20.81 6.24 5.77 4.98-18,773-219.26-15,778 2.25 20.14 St Laurence (d), (j), (k), (l) 2009 93,265 39.13 4,674 69,203 72.73 2008 19,285 10.93 565 40,527 11.42 2.96 6.46 12.33 12,011 356.78 7,598 5.38 37.64 Strategic Finance (i), (j), (k), (m), (n) 2009 224,070 39.09 80,265 400,759 40.88 2008 78,300 11.13 41,235 240,266 14.37 10.56 9.01 1.46-15,701-16.64-20,410 2.37 20.04 PD/CF Segment Total 2009 624,062 37.07 98,377 898,754 45.56 Key: n/a = not available/applicable; n/d = not disclosed. Analysis of Annual Results FIPS 49 Efficiency Measures Interest Margin Interest Spread Non-interest Income/ Net Profit After Tax Net Profit After Tax/ Underlying Profit Operating Operating Average Total Assets Average Net Expenses/Average Expenses/ Tangible Assets Total Assets Operating Income % % % $ 000 % $ 000 % % 4.08 3.16 0.08-625 -2.98-2,074 4.64 112.31 4.72 4.03 0.09 3,348 16.96 4,594 2.56 54.05 9.15 6.42 0.00 2,890 11.91 3,649 1.58 17.81-2.32-1.54 2.09-18,620 n/a -37,694 3.51 n/a -0.28 0.77 2.29-7,961 n/a -9,378 3.34 165.02 4.83 2.72 0.17-28,207-67.19-27,837 17.27 349.11 7.04 5.37 0.07 5,944 11.19 6,717 2.01 28.82-0.32-2.35 2.63-4,350-17.14-5,759 2.79 120.69 2.66 1.04 1.24 3,215 11.52 4,469 2.99 77.37 3.17 3.08 0.08 2,078 76.20 2,975 1.23 37.89 2.15 2.07 0.39 786 60.69 1,128 1.62 63.81 3.44 2.76 0.00 1,638 9.17 2,433 2.13 62.23 3.21 2.96-0.20 531 5.94 898 2.40 81.45 6.22 4.75 1.68 8,764 15.51 12,326 5.33 68.49 6.20 5.06 1.89 25,031 50.54 37,360 1.84 23.09 7.13 5.73 0.29 3,589 6.29 5,090 5.45 77.53 6.04 4.81 1.07 3,994 7.07 4,557 5.38 79.68 n/a n/a n/a n/a 0.00 n/a n/a n/a 3.97 2.71-0.12 8,458 7.43 12,498 2.03 52.84 4.17 2.65-0.32 9,981 9.39 11,195 2.02 52.54 2.77 1.91 0.94-24,542-6.71-34,633 3.96 108.88 6.64 2.90 4.81 4,025 18.26 4,660 2.84 25.01 2.69 0.60 0.02 2,347 11.79 3,365 0.70 25.83 9.61 9.17 0.55-102,036-314.65-248,050 4.20 41.87 6.24 8.95 1.33-19,964 n/a -33,431 8.21 109.56 3.86 11.45-12.50-41,806-1,241.82-126,368 5.73 n/a 14.93 15.21 0.65-174,717-484.30-168,605 2.57 16.84 9.58 10.05-1.22-332,151-291.82-568,429 3.66 47.77 2008 161,822 9.07 128,873 404,436 9.48 7.36 6.51 3.13-9,205-3.91-1,881 2.59 25.74 Changes in accounting policy that have an immaterial below has been to impact certain ratios, or to lead to the (a) Where comparatives have been restated in the latest financial statements, we have restated the tables accordingly. (b) Where applicable, consolidated Group numbers have been used. (c) Canon Finance New Zealand and Oxford Finance have been included in this FIPS as their total assets as at their latest balance dates now exceed $50 million. (d) As at their respective balance dates, Custom Fleet NZ, Fisher & Paykel Finance Group, GE Finance and Insurance, and St Laurence had goodwill and other intangible assets which exceeded their equity. In accordance with the Survey definitions, total assets and net assets are adjusted to exclude goodwill intangibles. We do not believe it is appropriate to present negative net tangible assets or gearing ratios and therefore segment and sector net assets have been adjusted to exclude these companies. (e) Motor Trade Finances has previously operated as a cooperative and with the exception of non-member income and certain timing differences on member income, the Group incurred minimal taxation. The Group has restructured in the current year. The 2008 comparative includes a proforma tax expense and net profit after tax that has been calculated on this basis. No such adjustment is required in the current year. (f) Speirs Group portfolio was sold to Allied Nationwide during the 2009 financial year. For comparison purposes, their 2008 results have been included in the 2008 sector totals. (g) All of Equitable Mortgages s loans and advances have been sold to a Group Investment Fund and are therefore treated as Available for Sale securities. (h) The results for Hanover Finance are for the Charging Group which comprise charging subsidiaries. Hanover s fair value adjustment on debt restructure has been (i) Hanover Finance, North South Finance, St Laurence, Strategic Finance, and Dorchester Finance were all in moratorium s for debt and debenture repayments. As the financial results for these companies were still publicly available and so as to provide a true and fair view of the sector, they have been included in all segment and sector totals. (j) As at their respective balance dates, Hanover Finance, North South Finance, and Strategic Finance, all of whom were in moratorium, had total liabilities which exceeded their total assets. We do not believe it is appropriate to present negative net tangible assets or gearing ratios and therefore segment and sector net assets have been adjusted to exclude these companies. (k) North South Finance, St Laurence, and Strategic Finance s fair value adjustments on debt have been treated as abnormal. (l) St Laurence had nil employees as the company is managed at the Group level. (m) On 12 March 2010, Strategic Finance was placed in receivership. Given that the 2009 financial statements were available, the company has been presented in the sector. (n) Strategic Finance s goodwill write-off has been treated as abnormal. (o) Total assets exclude goodwill. (p) Net loans and advances exclude operating lease assets. (q) Employee numbers are on a full time equivalent basis (including casuals and contracting staff) at the annual balance date and the prior balance date. (r) Dorchester Finance s debenture fair value adjustment and interest accrual write-back has been (s) GE Finance and Insurance results include $20 million (2008: $18 million) of management income from their parent company and their write-off of goodwill has been treated as an abnormal expense. (t) MARAC Finance amalgamated with Nissan Finance New Zealand during the financial year ended 30 June 2009. (u) MARAC Finance s results include securitisation vehicles. (v) South Canterbury Finance has recently announced that it has restated its 2009 reported financial statements. We have presented the charging group results for 2009 and 2008 on the basis that the amended annual report is not available. (w) Fisher & Paykel Finance Group comprises Fisher & Paykel Finance and Fisher & Paykel Finance Holdings (and their respective subsidiaries). (x) Where information is not available for 2009, 2008 or 2007 sector averages have been adjusted. The 2009 sector totals include companies with financial reporting periods ended 1 October 2008 to 30 September 2009. (y) Current financial results for Truck Leasing, Liberty Financial, The Warehouse Financial Services, and Easy Factors International were not available at publication date. The financial data for 2008 has been included for reference only and is not included in the sector totals. (z) Mascot Finance was placed under receivership on 2 March 2009 and became the first entity to trigger the Government s deposit guarantees scheme.

50 FIPS Analysis of Annual Results Finance Companies Analysis of Consolidated Accounts Credit Quality Measures Profitability Measures of Finance Companies (a), (b) (continued) Year Impaired Asset Provision for Doubtful Past Due Assets Gross Impaired Impaired Asset Expense Debts/Gross Loans Assets Expense/Average and Advances Loans and Advances $ 000 % $ 000 $ 000 % Diversified Finance (DF) Allied Nationwide Finance 2009 9,688 2.45 21,434 32,100 4.05 2008 3,396 3.04 12,204 6,044 1.62 Dorchester Finance (i), (r) 2009 30,898 27.21 10,554 46,337 21.65 6.84 6.48 0.88-9,582-47.69-35,011 9.90 129.64 2008 18,079 11.12 26,768 48,045 7.04 Farmers Mutual Finance 2009 1,558 2.88 0 2,160 2.47 2008 877 1.82 16 1,712 1.18 GE Finance and Insurance (d), (s) 2008 103,876 3.89 0 0 4.95 2007 52,838 2.33 0 0 2.30 MARAC Finance (t), (u) 2009 13,318 1.00 120,680 26,270 1.02 2008 5,726 0.79 46,615 22,098 0.45 Nissan Finance New Zealand (t) 2008 9 0.23 95 2,291 0.02 Medical Securities 2009 429 0.12 24 0 0.11 2008 444 0.09 413 0 0.11 Oxford Finance (c) 2009 1,163 1.57 741 1,196 2.21 2008 361 0.97 1,442 1,009 0.72 PGG Wrightson Finance 2009 2,877 0.64 36,404 23,104 0.54 2008 460 0.26 15,232 1,691 0.10 S.H. Lock (NZ) 2009 11,173 11.98 3,100 44,564 9.77 2008 2,479 3.89 1,514 10,327 2.78 South Canterbury Finance (v) 2009 168,965 4.55 9,957 293,659 10.85 2008 18,625 1.52 17,287 61,473 1.40 UDC Finance 2009 35,462 3.14 107,818 59,183 1.80 2008 21,981 2.51 166,955 38,734 1.13 4.15 3.11 0.02 28,235 13.13 29,067 1.70 40.61 DF Segment Total 2009 379,407 3.30 310,712 528,573 4.47 Consumer Finance 2008 125,275 2.00 288,541 193,424 1.49 4.24 3.65 2.09 118,012 15.65 143,498 3.35 53.70 Fisher & Paykel Finance Group (d), (w) 2009 20,107 3.70 0 73,987 3.31 2008 13,310 3.18 0 80,294 2.30 8.10 8.26 3.35 14,942 n/a 24,541 4.96 49.55 Geneva Finance 2009 11,878 21.20 0 47,888 9.77 2008 12,900 14.58 0 49,243 8.73 15.87 15.26 1.67-7,877-126.89-6,297 13.43 76.75 Instant Finance NZ 2009 2,481 3.85 5,808 36,282 3.99 2008 1,972 2.76 5,630 33,032 2.91 17.28 15.81 14.22 3,763 31.71 5,812 20.63 67.64 NZF Money 2009 4,265 1.68 1,476 16,511 1.70 2008-56 0.19 3,708 0-0.03 2.76 2.05 2.45 4,684 28.07 7,033 1.97 38.01 CF Segment Total 2009 38,731 4.92 7,284 174,668 3.72 2008 28,126 4.00 9,338 162,569 2.81 8.84 8.64 3.67 15,512 21.47 31,089 6.58 57.32 Finance Sector Total (x) 2009 1,063,501 5.91 418,334 1,639,037 7.81 2009 Financial Statements not available (y) 2008 322,051 2.70 427,879 785,856 2.36 Easy Factors International 2008 5,605 2.83 9,174 14,436 3.76 Liberty Financial 2008 1,310 0.35 4,530 350 0.51 The Warehouse Financial Services 2008 1,832 3.65 0 0 2.60 Truck Leasing 2008 0 0.00 0 0 0.00 In Receivership PD/CF Segment Mascot Finance (z) 2008 18,790 11.27 1,577 26,435 12.62 Key: n/a = not available/applicable; n/d = not disclosed. Analysis of Annual Results FIPS 51 Efficiency Measures Interest Margin Interest Spread Non-interest Income/ Net Profit After Tax Net Profit After Tax/ Underlying Profit Operating Operating Average Total Assets Average Net Expenses/Average Expenses/ Tangible Assets Total Assets Operating Income % % % $ 000 % $ 000 % % 3.50 2.29 0.39-6,888-24.41-9,583 3.78 99.01 5.20 3.92 0.95 2,312 7.49 4,094 3.08 50.38 6.65 5.76 0.90-6,887-24.62-9,008 4.67 61.84 4.10 2.84 0.83-527 -5.84-753 3.71 75.55 4.36 3.39 0.86 408 4.49 654 3.22 61.92 4.19 4.18 5.44-151,598-377.39-58,700 7.49 78.35 3.52 3.95 4.67-13,112 n/a -18,624 6.70 82.43 4.56 3.43 0.21 19,054 13.01 27,253 1.81 38.17 5.25 4.13 0.17 25,864 19.83 38,649 1.99 36.78 2.81 1.23 0.14 1,194 11.58 1,784 0.86 29.05 2.86 2.05-1.22-843 -2.15-1,143 1.79 110.34 2.27 1.49 0.18 2,605 6.78 3,914 1.46 59.79 5.13 4.07 3.03 1,022 17.18 1,318 3.51 43.14 5.04 4.05 3.75 1,469 27.31 2,204 3.70 42.11 3.54 2.65 0.35 7,778 12.89 11,112 1.27 32.89 3.41 2.47 0.13 5,819 12.31 8,658 1.51 42.79 6.00 5.29 3.59-3,540-36.59-5,344 4.15 43.87 3.94 2.49 4.98 708 6.01 1,376 4.60 51.77 3.29 3.21 2.44-162,962-72.85-176,479 5.72 106.50 4.81 4.25 3.70 69,397 30.52 80,730 2.55 31.47 3.49 2.43 0.01 2,688 1.17-1,438 1.79 50.70 3.84 3.20 1.92-305,398-37.30-248,768 4.25 75.31 8.28 8.30 3.43 9,370 n/a 21,152 5.21 47.30 10.83 9.52 8.41-6,998-63.43-6,565 15.48 79.82 15.30 12.99 13.35 1,092 7.93 1,741 21.87 78.77 3.01 2.56-0.26-2,195-14.82-3,118 2.26 83.72 7.81 7.45 3.79 1,269 1.65 13,210 6.76 60.52 4.32 3.72 1.53-660,822-48.04-838,620 4.31 75.49 4.82 4.17 2.06 172,078 12.20 237,895 3.31 49.29 5.11 4.35 1.91 623 5.53 1,316 2.33 33.53 1.57 2.29 0.35-2,973 273.88-3,006 2.35 130.59 9.11 7.26 8.11 6,039 34.41 9,119 4.93 28.65 13.16 10.51-5.66 288 0.64-9,687 10.59 151.21 5.80 5.32 0.75-7,467-56.84-11,230 1.60 25.22 Changes in accounting policy that have an immaterial below has been to impact certain ratios, or to lead to the (a) Where comparatives have been restated in the latest financial statements, we have restated the tables accordingly. (b) Where applicable, consolidated Group numbers have been used. (c) Canon Finance New Zealand and Oxford Finance have been included in this FIPS as their total assets as at their latest balance dates now exceed $50 million. (d) As at their respective balance dates, Custom Fleet NZ, Fisher & Paykel Finance Group, GE Finance and Insurance, and St Laurence had goodwill and other intangible assets which exceeded their equity. In accordance with the Survey definitions, total assets and net assets are adjusted to exclude goodwill intangibles. We do not believe it is appropriate to present negative net tangible assets or gearing ratios and therefore segment and sector net assets have been adjusted to exclude these companies. (e) Motor Trade Finances has previously operated as a cooperative and with the exception of non-member income and certain timing differences on member income, the Group incurred minimal taxation. The Group has restructured in the current year. The 2008 comparative includes a proforma tax expense and net profit after tax that has been calculated on this basis. No such adjustment is required in the current year. (f) Speirs Group portfolio was sold to Allied Nationwide during the 2009 financial year. For comparison purposes, their 2008 results have been included in the 2008 sector totals. (g) All of Equitable Mortgages s loans and advances have been sold to a Group Investment Fund and are therefore treated as Available for Sale securities. (h) The results for Hanover Finance are for the Charging Group which comprise charging subsidiaries. Hanover s fair value adjustment on debt restructure has been (i) Hanover Finance, North South Finance, St Laurence, Strategic Finance, and Dorchester Finance were all in moratorium s for debt and debenture repayments. As the financial results for these companies were still publicly available and so as to provide a true and fair view of the sector, they have been included in all segment and sector totals. (j) As at their respective balance dates, Hanover Finance, North South Finance, and Strategic Finance, all of whom were in moratorium, had total liabilities which exceeded their total assets. We do not believe it is appropriate to present negative net tangible assets or gearing ratios and therefore segment and sector net assets have been adjusted to exclude these companies. (k) North South Finance, St Laurence, and Strategic Finance s fair value adjustments on debt have been treated as abnormal. (l) St Laurence had nil employees as the company is managed at the Group level. (m) On 12 March 2010, Strategic Finance was placed in receivership. Given that the 2009 financial statements were available, the company has been presented in the sector. (n) Strategic Finance s goodwill write-off has been treated as abnormal. (o) Total assets exclude goodwill. (p) Net loans and advances exclude operating lease assets. (q) Employee numbers are on a full time equivalent basis (including casuals and contracting staff) at the annual balance date and the prior balance date. (r) Dorchester Finance s debenture fair value adjustment and interest accrual write-back has been (s) GE Finance and Insurance results include $20 million (2008: $18 million) of management income from their parent company and their write-off of goodwill has been treated as an abnormal expense. (t) MARAC Finance amalgamated with Nissan Finance New Zealand during the financial year ended 30 June 2009. (u) MARAC Finance s results include securitisation vehicles. (v) South Canterbury Finance has recently announced that it has restated its 2009 reported financial statements. We have presented the charging group results for 2009 and 2008 on the basis that the amended annual report is not available. (w) Fisher & Paykel Finance Group comprises Fisher & Paykel Finance and Fisher & Paykel Finance Holdings (and their respective subsidiaries). (x) Where information is not available for 2009, 2008 or 2007 sector averages have been adjusted. The 2009 sector totals include companies with financial reporting periods ended 1 October 2008 to 30 September 2009. (y) Current financial results for Truck Leasing, Liberty Financial, The Warehouse Financial Services, and Easy Factors International were not available at publication date. The financial data for 2008 has been included for reference only and is not included in the sector totals. (z) Mascot Finance was placed under receivership on 2 March 2009 and became the first entity to trigger the Government s deposit guarantees scheme.

54 FIPS Analysis of Annual Results Savings Institutions Analysis of Consolidated Accounts of Savings Institutions Rank by Approved Institutions Balance Date Year Total Assets Total Assets Retail Deposit Guarantee Scheme $ 000 CBS Canterbury 2 31-Mar 2009 539,998 2008 548,054 Credit Union Baywide 6 30-Jun 2009 136,918 2008 108,654 Credit Union North (a), (b), (d) 7 30-Jun 2009 114,669 31-Jul 2008 116,232 Credit Union South 9 31-Mar 2009 107,506 2008 104,426 First Credit Union 10 30-Jun 2009 106,823 2008 99,264 Hastings Building Society 5 31-Mar 2009 183,412 2008 194,033 Nelson Building Society 4 31-Mar 2009 248,484 2008 224,054 Police and Families Credit Union 11 30-Jun 2009 68,920 2008 64,937 PSIS 1 31-Mar 2009 1,326,953 2008 1,245,753 Southern Cross Building Society 3 30-Jun 2009 412,012 2008 455,916 Wairarapa Building Society 8 31-Mar 2009 112,805 2008 106,490 Sector Total 2009 3,358,500 2008 3,267,813 Southland Building Society (c) 31-Mar 2009 2,540,162 2008 2,425,256 Analysis of Consolidated Accounts of Savings Institutions Credit Quality Measures CBS Canterbury 2009 3,363 n/a 531 5,404 0.78 2008 15 n/a 1,399 5,274 0.00 n/a n/a n/a 884 n/a 4,402 n/a 51.04 Credit Union Baywide 2009 1,541 1.03 0 3,499 1.47 2008 636 0.52 0 1,569 0.70 6.46 4.77 2.25 1,035 0.95 1,035 7.07 82.14 Credit Union North (a), (b), (d) 2009 1,357 1.47 2,079 4,918 1.43 2008 537 1.39 1,024 4,482 n/a Credit Union South 2009 1,190 1.83 0 3,657 1.32 2008 600 1.36 0 2,213 0.90 8.32 7.34 2.90 927 1.21 928 9.08 81.97 First Credit Union 2009 1,422 1.49 0 3,644 1.84 2008 1,199 1.38 0 2,202 1.58 Hastings Building Society 2009 1,025 0.70 313 1,773 0.73 2008 27 0.05 457 1,385 0.02 Nelson Building Society 2009 813 0.37 124 1,435 0.42 2008 212 0.08 48 0 0.11 Police and Families Credit Union 2009 95 0.15 0 5 0.22 2008 90 0.10 7 9 0.22 PSIS 2009 4,308 0.30 5,404 1,549 0.41 2008 697 0.11 3,424 227 0.07 Southern Cross Building Society 2009 14,625 3.18 1,033 35,668 4.67 2008 593 0.90 27,891 5,519 0.17 Wairarapa Building Society 2009 265 0.42 31 342 0.27 2008 150 0.16 915 385 0.16 Sector Total 2009 30,004 0.76 9,515 61,894 1.12 2008 4,756 0.33 35,165 23,265 0.17 Size & Strength Measures Analysis of Annual Results FIPS 55 Growth Measures Net Assets Gearing Net Loans Number of Employees Increase in Increase in Increase in and Advances Net Profit After Tax Underlying Profit Total Assets $'000 % $'000 % % % 39,070 7.24 417,424 54-493.78-27.67-1.47 39,817 7.27 449,071 52 n/a n/a 3.49 24,462 17.87 119,079 n/d -194.20-194.11 26.01 21,049 19.37 88,594 65-67.79-67.79 0.08 15,661 13.66 94,142 114 n/a n/a -0.01 16,256 13.99 94,169 122 n/a n/a n/a 17,104 15.91 87,795 75-14.24-14.33 2.95 16,237 15.55 89,252 72-7.58-7.48 115.35 18,653 17.46 74,943 47-79.78-79.76 7.62 16,936 17.06 79,568 41-22.69-22.78 4.38 15,948 8.70 134,825 15-159.39-157.64-5.47 16,876 8.70 144,441 16 1.81 1.64-0.34 17,264 6.95 193,018 30-6.57-20.13 10.90 18,587 8.30 194,361 32 37.95 77.50 8.26 10,166 14.75 42,519 14 3.98 4.07 6.13 9,015 13.88 42,726 13 17.78 17.80 11.33 103,737 7.82 1,065,910 288 319.44 244.72 6.52 95,838 7.69 1,057,464 285-153.45-197.10 16.02 52,198 12.67 276,692 53-269.21-219.13-9.63 60,405 13.25 340,638 51 93.92 70.13-7.54 16,087 14.26 99,148 8-76.91-62.67 5.93 15,727 14.77 93,402 8-23.83-17.25 4.25 330,350 9.84 2,605,495 698-130.23-78.31 2.78 326,743 10.00 2,673,686 757-53.59-43.75 12.25 154,565 6.08 2,408,652 232-15.84-19.36 4.74 154,351 6.36 2,337,934 222-13.71-16.09 9.64 Profitability Measures Efficiency Measures Year Impaired Asset Provision for Doubtful Past Due Assets Gross Impaired Impaired Asset Interest Margin Interest Spread Non-interest Income/ Net Profit After Tax Net Profit After Tax/ Underlying Profit Operating Operating Expense Debts/Gross Loans Assets Expense/Average Average Total Assets Average Total Assets Expenses/Average Expenses/ and Advances Loans and Advances Total Assets Operating Income $'000 % $'000 $'000 % % % % $'000 % $'000 % % 1.98 1.41 0.05-3,481-0.64 3,184 0.40 40.17 7.02 5.52 2.03-975 -0.79-974 8.47 94.83 5.68 4.93 6.10-594 -0.51-594 10.93 94.30 n/a n/a n/a 277 n/a 278 n/a 89.40 7.98 7.03 3.41 795 0.75 795 9.36 83.33 5.53 4.52 1.95 306 0.30 306 5.68 77.19 6.30 5.27 2.23 1,513 1.56 1,512 5.63 66.85 1.74 0.91-0.84-1,138-0.60-1,648 1.21 137.64 2.54 1.84 0.12 1,916 0.99 2,859 1.15 43.70 2.40 1.93 0.38 754 0.32 1,147 1.91 69.67 2.57 2.06 0.37 807 0.37 1,436 2.12 73.52 4.44 3.68 0.58 1,150 1.72 1,150 3.15 62.84 4.29 3.48 0.62 1,106 1.79 1,105 2.95 60.36 2.84 2.28 1.78 7,889 0.61 10,656 3.41 74.54 2.78 2.16 0.38-3,595-0.31-7,363 3.70 118.37 2.54 1.80 0.09-8,745-2.02-11,453 1.79 71.06 2.47 1.79 0.95 5,168 1.09 9,614 1.14 34.73 2.32 1.65 0.52 214 0.20 489 1.97 74.08 2.74 2.09 0.79 927 0.89 1,310 1.90 57.61 2.99 2.31 1.00-3,825-0.10 3,058 2.91 76.20 2.89 2.25 0.63 10,965 0.35 17,116 2.76 80.55 Southland Building Society (c) 2009 12,446 0.53 13,383 21,848 0.52 2008 9,074 0.30 9,438 8,355 0.41 Key: n/a = not available/applicable; n/d = not disclosed. 2.49 1.96 0.42 12,057 0.49 16,157 1.73 60.01 2.58 2.09 0.48 14,327 0.62 20,036 1.77 58.52 (a) The trading name of Credit Union North is NZCU North. Credit Union North s 2009 financial year was for an 11 months period. (b) During the 2008 financial year, Credit Union North amalgamated with Credit Union Mount Maunganui and Credit Union Waikato. As a result, there are no equivalent comparable figures prior to the 2008 financial year. Credit Union North is therefore excluded from certain profit related sector totals. (c) Southland Building Society (SBS) was registered as a bank under the Reserve Bank of New Zealand Act 1989 on 7 October 2008. As such, SBS is now excluded from the 2009 savings institutions sector totals of this FIPS and is included within the registered banks sector. For comparison purposes, SBS results have been included at the bottom of the Savings Institutions Analysis of Annual Results table as well as in graphs and tables where appropriate for comparative purposes. (d) Where comparatives are not for an equivalent period, the increase in net profit after tax and underlying profit has not been provided.