Key facts

For the September Quarter 2025:

  Assets & Liabilities

• Net foreign assets rose to $477.3 million in the September quarter 2025, an increase of 7.7 per cent compared with the June quarter of $443.3 million. This reflects a stronger external position across all surveyed banks.

  Loans & Advances by Industry

• Total lending reached $265.3 million, up by 5.6 per cent from the June quarter 2025.
• Sectors with highest increase in borrowings:
  • Finance and Insurance: +28.6%
  • Accommodation Services: +2.9%
• Sectors with largest decline in borrowings:
  • Transport: -19.3%
  • Travel Agents and Tour Operators: -18.6%
  • Agriculture: -12.7%

  Money Supply

• Narrow money (M1) increased by 17.9%.
• Broad money (M3) increased by 8.4%, driven by rising demand deposits and term savings deposits.

  Interest Rates

• No changes in interest rates for the September quarter 2025.

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.