September 2012 figures for the main high street banks1
23/10/2012

The banks' net mortgage lending grew by 0.5% in the year to September.

BBA statistics director, David Dooks said:

"The continuing economic uncertainties both in the UK and in the Euro area are having a dampening effect on activity within firms and households.

"Households are reducing borrowing requirements and have no appetite to take on more/new debt. Where they can individuals are putting money aside for household expenditure. Firms are holding back on borrowing for investment until trade prospects improve."

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