April 09 small business figures for the high street banks

Deposits from small businesses rose by £119 million.

Commenting on the data, BBA statistics director, David Dooks, said:

"The high street banks' support for the small business sector continues to rise. The net increase of £287m in April's lending was consistent with the trend in recent months and the number of new banking relationships shows that the start-up rate is holding up, despite the economic environment. Business liquidity improved as deposits saw another monthly rise, above the increase in overdraft balances"

Please click on the link below for the full release.

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 Bank of England Regional Agents’ summary of business conditions, though not specific to small businesses, is an appropriate economic assessment for reference.  It shows that demand for consumer services continue to shrink, retail sales values are similar to a year earlier, investment intentions are reduced, with tighter financing conditions being a factor in those decisions, manufacturing output for domestic sales has fallen, construction and business service activities have contracted, export orders have slowed and employment intentions have been scaled back.
2. Although clubs, charities and societies operate small business accounts with banks, their activities are not commercial in nature and are therefore not covered by these data. 
3. Small businesses are defined here as those commercial businesses with an annual bank account turnover of £1 million or less.
4. Individual banks contributing to this survey are Abbey (inc Alliance & Leicester), Barclays, Clydesdale (inc Yorkshire Bank), HSBC, Lloyds Banking Group (inc HBOS), Royal Bank of Scotland (inc NatWest) and The Co‑operative Bank.
5. The statistics section of the BBA website (www.bba.org.uk) provides information on bank support for small businesses, whilst the Policy Issues section contains a Small Business area, dedicated to providing practical help and advice for small businesses, including a business account finder.
6. The BBA is the leading UK banking and financial services trade association and acts on behalf of its members on domestic and international issues. Our members, from 50 different countries, collectively provide the full range of banking and financial services. They operate some 150 million personal accounts, contribute £50bn to the economy, and together make up the world’s largest international banking centre.

Related Links

Small Business Stats - April 09 (PDF)

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