The BBA is the voice of the banking industry for all banks who operate within the uk
February figures for the main high street banks
27/03/2008
February’s net mortgage lending strengthened, reflecting some increase in the banks' market share as a result of recent strong remortgaging. Credit card lending remained subdued, while personal deposits continued with above-average growth. Lending to financial companies returned to trend having been inflated in January.
| seasonally adjusted data | mortgage lending | consumer credit | personal deposits | company finance |
|---|---|---|---|---|
| February net change | + £5.6 bn | + £0.6 bn | + £2.6 bn | + £15.7 bn |
| (previous month) | + £5.0 bn | + £0.4 bn | + £2.9 bn | + £23.7 bn |
| previous six month average | + £5.1 bn | + £0.5 bn | + £1.9 bn | + £11.9 bn |
| annual growth | + 12.8 % | + 5.4 % | + 5.4 % | + 20.3 % |
| amounts outstanding nsa | £558.2 bn | £107.7 bn | £555.6 bn | £694.1 bn |
For further information, please contact:
Brian Capon, Head of Media Relations (020 7216 8810 brian.capon@bba.org.uk )
David Dooks, Director of Statistics (020 7216 8837 david.dooks@bba.org.uk )
Notes to Editors:
- 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.
- 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.
- Net changes in amounts outstanding are consistent with Table A4.3 of the Bank of England’s Monetary & Financial Statistics and the comprehensive data for lending to individuals by all lenders due to be released by the Bank of England on 2 April 2008.
Related Links
stats270308 (PDF)
historical_time_series (MS Excel)
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