Banking Statistics – June quarter 2021

Jun 18, 2021 | Banking Statistics

Key facts

For the June Quarter 2021:

  • Net foreign assets is $264.9 million for all banks surveyed in the June quarter 2021.
  • Total lending for the June quarter 2021 sat at $273.0 million.
  • The money supply increased by 4.4 percent overall
  • Interest rates remained stable this quarter
June 2021

More Information about Banking Statistics

Aggregates are compiled from the Banking Survey which covers the Four commercial banks in the Cook Islands: ANZ, Westpac, Bank of the Cook Islands (BCI) and Capital Security Bank (CSB).  The Cook Islands does not have a Central Bank and uses the NZ Dollar as its currency.

Narrow Money (M1) consist of Notes and Coins in circulation and Demand Deposits. M2 consist of narrow money (M1) and quasi money (savings, demand and term deposits), Net foreign position of the banks, Net domestic credits.

Transactions are valued in accordance to international standards.

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