The BBA is the voice of the banking industry for all banks who operate within the uk
March figures for the main high street banks
23/04/2008
Credit card lending increased slightly as other unsecured lending weakened. Personal deposits grew more strongly than in recent months. Lending to financial companies continued around trend.
| seasonally adjusted data | mortgage lending | consumer credit | personal deposits | company finance |
|---|---|---|---|---|
| March net change | + £5.1 bn | + £0.5 bn | + £2.9 bn | + £14.7 bn |
| (previous month) | + £5.5 bn | + £0.7 bn | + £2.6 bn | + £15.9 bn |
| previous six month average | + £5.2 bn | + £0.5 bn | + £1.9 bn | + £13.1 bn |
| annual growth | + 12.7 % | + 5.6 % | + 5.5 % | + 21.3 % |
| amounts outstanding nsa | £559.4 bn | £108.1 bn | £560.8 bn | £709.2 bn |
BBA statistics director, David Dooks, said of the latest data:
"The consequences of low banking sector liquidity show up clearly in March data; reduced product ranges and tighter criteria resulted in slower mortgage lending and significantly fewer loan approvals. Pressures on personal finances are also constraining demand, not only for mortgages, but also for personal loans and borrowing on cards."
Please download the full press release from the PDF link below.
For further information, please contact:
Brian Capon, Assistant Director, Media (020 7216 8810 brian.capon@bba.org.uk )
David Dooks, Statistics Director (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 150 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 29 April 2008.
Related Links
stats230408 (PDF)
historical_time_series (MS Excel)
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