Key facts

For the June Quarter 2024:

• Net foreign assets increased to 415.8 million when compared to March quarter 2024 (395.1 million) for all banks surveyed.
• Total lending for the June quarter 2024 was recorded at 230.9 million decreasing by 2.0 per cent when compared to the March quarter 2024.
• The money supply increased by 11.6 per cent over the March quarter 2024.
• There were no changes in rates for this June quarter 2024.

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.