The BBA is the voice of the banking industry for all banks who operate within the uk
January's figures for the main high street banks
25/02/2008
| seasonally adjusted data | mortgage lending | consumer credit | personal deposits | company finance |
|---|---|---|---|---|
| January net change | + £5.2 bn | + £0.4 bn | + £2.9 bn | + £23.5 bn |
| (previous month) | + £4.9 bn | + £0.6 bn | + £2.0 bn | + £10.6 bn |
| previous six month average | + £5.2 bn | + £0.5 bn | + £2.1 bn | + £8.4 bn |
| annual growth | + 12.9 % | + 5.1 % | + 5.6 % | + 18.9 % |
| amounts outstanding nsa | £551.7 bn | £107.2 bn | £549.9 bn | £678.2 bn |
BBA statistics director, David Dooks, said of the latest data:
"Higher gross mortgage lending in January largely reflected very strong remortgaging activity, as borrowers sought out the best deals available. Although house prices and new loans for house purchase, appear to be subdued as the housing market slows, the strength of remortgaging would suggest competition for mortgage business and switching remains high. Despite strong volumes of retail sales, card transaction volumes were little changed and spending was more than offset by repayments. Overall consumer credit remained subdued."
Please download the Press release from the PDF link below.
For further information, please contact:
Brian Capon, Head of Media Relations (020 7216 8810 )
David Dooks, Director Statistics (020 7216 8837 )
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 130 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 29 February 2008.
Related Links
release 25022008 (PDF)
historical_time_series (MS Excel)
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