Regulatory Update

April figures for the main high street banks


27/05/2008

April's mortgage lending was slightly stronger than in March and there were also high numbers of remortgaging loans approved in the month.
         

Consumer credit fell marginally, reflecting a decline in credit card borrowing. Personal deposits, with inflows into ISAs, grew strongly. Lending to companies was strong.

Table containing April 2008 figures
seasonally adjusted data mortgage lending consumer credit personal deposits company finance
April net change + £5.4 bn - £0.1 bn + £5.8 bn + £22.8 bn
(previous month) + £5.2 bn + £0.6 bn + £2.8 bn + £14.8 bn
previous six month average + £4.9 bn + £0.4 bn + £2.4 bn + £13.0 bn
annual growth + 13.0 % + 4.0 % + 6.2 % + 24.9 %
amounts outstanding nsa £548.0 bn £108.0 bn £566.7 bn £732.8 bn

 


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:

  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 150 million personal accounts, contribute £50bn to the economy and together make up the world's largest international banking centre.
  2.  

  3. 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.
  4.  

  5. 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 June 2008

Related Links

stats270508 (PDF) (Internal Link)
historical_time_series (MS Excel)

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