The BBA is the voice of the banking industry for all banks who operate within the uk
May figures for the main high street banks
24/06/2008
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Consumer credit rose, largely reflecting lower credit card repayments and, after April's strong inflow, personal deposit growth was weaker in May.
| seasonally adjusted data | mortgage lending | consumer credit | personal deposits | company finance |
|---|---|---|---|---|
| May net change | + £4.0 bn | - £0.5 bn | + £1.3 bn | + £4.9 bn |
| (previous month) | + £5.2 bn | - £0.1 bn | + £6.2 bn | + £22.8 bn |
| previous six month average | + £5.0 bn | + £0.4 bn | + £3.1 bn | + £15.2 bn |
| annual growth | + 12.3 % | + 4.3 % | + 5.7 % | + 24.0 % |
| amounts outstanding nsa | £556.3 bn | £108.5 bn | £571.4 bn | £737.2 bn |
BBA statistics director, David Dooks, said of the latest data:
"Measures of mortgage activity were lower in May as a result of tighter lending criteria and economic pressures on households. Only remortgaging business is holding up, where people need or want to take advantage of deals with other lenders. People spent more on credit cards, but repayment levels were lower than expected in May and after April's busy month with people putting money into ISAs, personal deposits were not as strong."
The full press release can be downloaded from the PDF link below.
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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 world's 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 30 June 2008
Related Links
Stats240608 (PDF)
historical_time_series (MS Excel)
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