Regulatory Update

November figures for the main high street banks


27/12/2007

November's mortgage lending rose more slowly than in October and approvals were again low.

         

Unsecured lending remained subdued and personal deposits showed only modest growth. Lending to companies was lower than the recent trend.

Table containing November 2007 figures
seasonally adjusted data mortgage lending consumer credit personal deposits company finance
November net change + £4.3 bn + £0.5 bn + £1.3 bn + £3.0 bn
(previous month) + £4.8 bn + £0.4 bn + £1.5 bn + £9.1 bn
previous six month average + £5.5 bn + £0.3 bn + £2.5 bn + £9.0 bn
annual growth + 13.2 % + 4.3 % + 5.9 % + 16.0 %
amounts outstanding nsa £551.8 bn £107.1 bn £548.6 bn £647.0 bn

BBA statistics director, David Dooks, said of the latest data:


For further information, please contact:
Brian Capon, Head of Media Relations (020 7216 8810 )
David Dooks, Director Statistics (020 7216 8837 )

Notes to Editors:

  • 1. The BBA is the leading UK banking and financial services trade association and represents its members, from 60 countries, on domestic and international issues. Our members provide the full range of banking and financial services, operate some 130 million personal accounts, contribute £50bn to the economy and together make up the worlds largest international banking centre.
  • 2. The Major British Banking Groups (MBBG) account for some two-thirds of all UK mortgage lending outstanding, provide over half of all consumer credit and, within that, some £70 of all card credit. They include the nine largest retail lenders in the UK: Abbey, Alliance & Leicester, Barclays, Bradford & Bingley, HBOS, HSBC Bank, LloydsTSB, Northern Rock and Royal Bank of Scotland.
  • 3. Net changes in amounts outstanding are consistent with Table A4.3 of the Bank of Englands Monetary $amp; Financial Statistics and the comprehensive data for lending to individuals by all lenders due to be released by the Bank of England on 4 January 2008.

Related Links

full_release_271207 (PDF)
historical_time_series (MS Excel)

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