23 FEBRUARY 2007

NEW ZEALAND GAZETTE, No. 21

471

Neither the New Zealand Government nor the Reserve Bank of New Zealand guarantees or insures bank deposits.

The information contained in the Key Information Summary is explained in the Reserve Bank publication “Your Bank’s Disclosure Statement - What’s In It For You?”, which can be obtained from the Reserve Bank.” (or, at the option of the Registered Bank, “... from the Reserve Bank and the (name of bank).”);

Corporate information—
(i) the name of the Overseas Bank and its country of domicile;
(ii) if applicable, the name of any person that is the Ultimate Parent Bank of the Overseas Bank and its country of domicile;
(iii) if applicable, the name of any person that is the Ultimate Holding Company of the Overseas Bank and its country of domicile;

Credit rating—
if the Registered Bank is required, by a notice given to it under section 80 of the Act, to obtain or maintain a rating of its creditworthiness or financial condition by a person nominated or approved by the Reserve Bank, with respect to each rating obtained or maintained by the Registered Bank that complies with the notice given under section 80:
(i) the name of the person who gave the rating;
(ii) the type of rating;
(iii) the current rating and all qualifications to that rating;
(iv) any changes made to the rating in the two years preceding the Balance Date and the date on which any such change occurred;

Profitability—
(i) net profit or loss after tax and extraordinary items in respect of:
(A) the Overseas Banking Group for the most recent period for which the information is publicly available; and
(B) the Banking Group over the Interim Accounting Period or Accounting Period,
specifying the period and end date to which this information applies;
(ii) net profit or loss after tax and extraordinary items over the previous 12 month period, expressed as a percentage of the average of total assets, in respect of:
(A) the Overseas Banking Group and the ending date of the most recent period for which the information is publicly available; and
(B) the Banking Group and the Balance Date of the Interim Accounting Period or Accounting Period;

Size—
(i) total assets of the Overseas Banking Group as at the most recent date for which the information is publicly available and the percentage change in total assets over the 12 months ending on that date;
(ii) total assets of the Banking Group and the percentage change in total assets over the 12 months ending on the current Balance Date;

Capital adequacy—
the most recent publicly available information on the capital adequacy of the Overseas Bank and Overseas Banking Group, disclosing:
(i) Tier One Capital expressed as a percentage of risk weighted exposures and the minimum percentage of this ratio required by the appropriate banking supervisory authority in the Overseas Bank’s country of domicile;
(ii) Capital expressed as a percentage of risk weighted exposures and the minimum percentage of this ratio required by the appropriate banking supervisory authority in the Overseas Bank’s country of domicile;

Asset quality—
(i) total Impaired Assets (before provisions and net of interest held in suspense);
(ii) total Impaired Assets expressed as a percentage of total assets;
(iii) total Specific Provisions;
(iv) total Specific Provisions expressed as a percentage of total Impaired Assets;
in respect of:
(v) the Overseas Banking Group as at the most recent date for which the information is publicly available; and
(vi) the Banking Group;

Peak Credit Exposure concentrations—
for the most recent quarter of the Accounting Period or Interim Accounting Period:
(i) the number of individual non-Bank Counterparties or Groups of Closely Related Counterparties of which a Bank is not the parent; and
(ii) the number of individual Bank Counterparties or Groups of Closely Related Counterparties of which a Bank is the parent;
to which the Banking Group has a peak aggregate Credit Exposure which equals or exceeds 10% of the Overseas Banking Group’s Equity, in successive ranges of 10% of the Overseas Banking Group’s Equity.

This information shall be disclosed using the methodology set out in Schedule 4 of this Order. A Registered Bank shall state that this information excludes exposures to any OECD Government;