December 2012 figures for the main high street banks1
24/01/2013

Cash ISA inflows were strong in 2012 as households sought accounts with better rates of interest, leading to a rise in all personal deposits of 6.1% over the year to December.

BBA statistics director, David Dooks said:

"2012 was a year of holding on to deposits and repaying debt for companies and households. New mortgage lending of £92bn was offset by £91bn of repayments and slow economic growth also continued to suppress new borrowing demand from consumers and from companies, where bond issuance was preferred to bank finance.

"Credit availability increased and pricing reduced towards the year-end as banks developed product offerings using the Funding for Lending Scheme, which is expected to bring further benefits to households and businesses in 2013."

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