The BBA is the voice of the banking industry for all banks who operate within the uk
April figures for the main high street banks
27/05/2009
The high street banks' net mortgage lending of £2.7bn has not been as low for some eight years and consequently, the trend edged lower.
Personal deposits rose for the third successive month but the savings trend in bank accounts remains subdued. Lending to financial companies decreased as recent short-term lending unwound and there was a net repayment from non-financial companies.
| seasonally adjusted data | mortgage lending | consumer credit | personal deposits |
|---|---|---|---|
| April net change | + £2.7 bn | + £0.1 bn | + £1.8 bn |
| (previous month) | + £3.4 bn | + £0.1 bn | +£0.7 bn |
| previous six month average | + £3.4 bn | - | + £1.1 bn |
| annual growth | + 7.6 %* | + 1.2 % | + 2.2 % |
| amounts outstanding nsa | £580.4 bn* | £95.5 bn | £576.0 bn |
* Following a change in the reporting of covered bonds, the mortgage assets, held within such special purpose vehicles, have been added back into their parent banks' reported mortgage lending. These movements have been adjusted out of flows.
BBA statistics director, David Dooks, said of the latest data:
“The house purchase part of the mortgage market appears to have stabilised, with slightly more approvals coming through, although April’s weak net mortgage lending reflects the lower number of approvals in previous months. Households’ uncertain financial circumstances not surprisingly continue to dictate consumer behaviour, both in the housing market and in generating only low demand for new personal loans. Company borrowing also reflects the economic backdrop, with most non-financial sectors seeing net repayments, although short-term finance for other financial companies unwound in the month, suggesting that their financing needs may be easing.”
Click here for the David Dooks comment in MP3 format.
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. 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 eight largest retail lenders in the UK: Abbey, (inc Alliance & Leicester), Barclays, HSBC Bank, Lloyds Banking Group, Northern Rock and Royal Bank of Scotland.
3. Following a change in the reporting of covered bonds from April 2009, the mortgage assets, held within such special purpose vehicles, have been added back into their parent banks' reported mortgage lending. These movements have been adjusted out of flows.
4. 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 2009.
Related Links
April 2009 Monthly Statistics Release (PDF)
historical_time_series (MS Excel)
Download Acrobat Reader® 
|
|
|
