Ten minutes is a long time in banking, BBA stats show

The 25th annual Abstract from the BBA provides a wealth of information on the activities of the UK's banks during the calendar year 2007, including figures on banks' assets, lending volumes, mortgages, current accounts and cards even the current numbers of ATMs.

The figures show that in every 10 minutes of every day of the year:

• 40,000 people use the internet to check their bank balance or statement; 3,700 pay their bills online;
• 46,000 people visit ATMs, withdrawing over £3.2 million in cash;
• 33,000 purchases are made using credit cards by UK card holders;
• clearing systems process 23,000 cheques, 105,000 automated payments and 132,000 plastic card payments; and
• banks earn £266,000 for the UK's balance of payments and pay £170,000 into the Exchequer directly through taxation.

For further information, please contact:
Press Office (020 7216 8989 )
Out of Hours (020 7216 8888 )

Notes to Editors:

Since its launch 25 years ago, the BBA's Abstract, has been a trusted summary of banking industry information. The online service gives long-run time series data, and easy access to 25 years of spreadsheetbased data, covering:

• the main high street banking groups their UK and worldwide balance sheets;
• mortgage and consumer credit markets;
• support for small businesses;
• staff, branches, ATMs and accounts;
• credit and debit card usage; and
• international banking and investment.

Media copies of the 25th annual Abstract of Banking Statistics are available from BBA press office.

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