September figures for the main high street banks

23/10/2009

         

Other mortgage approvals remain subdued and households are generally cautious continuing to reduce their borrowing and build up deposits.

Table containing September 2009 figures

seasonally adjusted data	mortgage lending	consumer credit	personal deposits
September net change	+ £3.1 bn	- £ 0.3	+ £3.0 bn
(previous month)	+ £3.0 bn	-	+ £3.4 bn
previous six month average	+ £2.7 bn	- £0.1 bn	+ £2.1 bn
annual growth	+ 4.6 %*	- 1.3 %	+ 3.8 %
amounts outstanding nsa	£610.1 bn*	£92.6 bn	£586.0 bn

* Following a change in the reporting of covered bonds in April 2009, associated mortgage assets held in special purpose subsidiaries are included in mortgage lending outstanding and the annual growth allows for this change.

 

Main high street banks' mortgage approvals

Please listen to David Dooks analysis' of the September figures for the main high street banks

David Dooks analysis of September 09 monthly statistics (MP3)

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BBA statistics director, David Dooks, said of the latest data:

"Mortgage lending by the high street banks is continuing to improve from the lows seen earlier this year and the number of house purchase approvals continues to recover. Housing market activity will depend, however, on more properties coming on to the market. Apart from property decisions, further symptoms of subdued consumer confidence are a reduced appetite for unsecured borrowing and more saving.

"Lending to companies continues to be affected by current trading conditions. In perhaps the hardest-hit sectors, related to commercial property and construction, lending levels continue to fall and company borrowing in general remains subdued."

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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:

1. The BBA is the leading UK banking and financial services trade association and represents its members, from 50 countries, on domestic and international issues. Our members provide the full range of banking and financial services, operating some 150 million accounts in the UK and making up the world's largest international banking centre.

2. The main high street banking groups (MBBG) account for some two-thirds of all UK mortgage lending outstanding, provide around half of all consumer credit and, within that, some 60% of all new card credit. They include the seven largest retail lending groups in the UK: Abbey (inc Alliance & Leicester and Bradford & Bingley deposits), Barclays, Bradford & Bingley lending, 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, are included in 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 29 October 2009.

Related Links

Monthly Stats Release - Sept 09 (PDF)
historical_time_series (MS Excel)

September stats - Podcast (MP3)

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