The BBA is the voice of the banking industry for all banks who operate within the uk
July figures for the main high street banks
26/08/2008
Consumer credit rose by £0.1bn in July and was below the previous 6 month average of £0.3bn. Personal deposit growth was weak and consequently the annual growth rate declined by 0.8% to 4.8%.
| seasonally adjusted data | mortgage lending | consumer credit | personal deposits | company finance |
|---|---|---|---|---|
| July net change | + £4.3 bn | + £0.1 bn | + £0.8 bn | + £18.4 bn |
| (previous month) | + £4.3 bn | + £0.3 bn | + £2.0 bn | + £11.8 bn |
| previous six month average | + £4.8 bn | + £0.3 bn | + £2.8 bn | + £15.7 bn |
| annual growth | + 12.0 % | + 3.4 % | + 4.8 % | + 26.6 % |
| amounts outstanding nsa | £546.1 bn | £108.6 bn | £569.0 bn | £766.0 bn |
BBA statistics director, David Dooks, said of the latest data:
"The monthly numbers of approvals for house purchase, which have fallen by some two-thirds over the last year, levelled off in July. It would, however, be premature to think that the housing market will now start to recover, because overall approval activity continues to be very low. The pressures on household budgets are reflected in the relatively weak rise in individuals' deposits and, with consumer borrowing growing only slowly it seems that consumers are acting prudently."
The full press release can be downloaded 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 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 1 September 2008
Related Links
stats260808 (PDF)
historical_time_series (MS Excel)
Download Acrobat Reader® 
|
|
|
