The BBA is the voice of the banking industry for all banks who operate within the uk
November figures for the main high street banks
23/12/2009
While mortgage lending continued to hold-up in November unsecured loans to consumers dropped further while personal deposits increased by less than in recent months. Loans to the corporate sector declined overall in November, though those to non-financial companies ticked up slightly.
Main high street banks' mortgage approvals
BBA statistics director, David Dooks, said of the latest data:
"Household priorities are showing up in the November figures. Demand for new personal loans was weak and people are paying off debt or building savings in response to economic circumstances.
"In the housing sector, prices have continued to edge up and approvals for house purchase are now back at a similar level to that of two years ago. Re-mortgaging activity continues to run at a low level as borrowers revert to low standard variable rates or trackers from maturing fixed rate loans.
"Lending to non-financial companies ticked up slightly in November, having declined in each of the previous two months."
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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 4 January 2010.
Related Links
Monthly Stats Release - Nov 09 (PDF)
historical_time_series (MS Excel)
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