July 2012 figures for the main high street banks1
23/08/2012

The banks' net mortgage lending grew by 0.8% in the year to July.

BBA statistics director, David Dooks said:

"We continue to see the household sector increasing deposits and repaying debt. High street bank ISAs continue to attract strong personal deposits while repayments of both mortgages and unsecured lending have grown strongly this year as households seek to reduce borrowing and borrowing costs.

“Companies are reluctant to borrow or invest new funds while domestic and international trading activities remain subdued or uncertain. With larger firms also using alternative funding from corporate bonds, bank borrowing levels are contracting”.

Please read the full release and execl tables via the links below.

Notes to Editors

1. 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 based on the Bank of England's 'lending to individuals' data. They include the six largest UK retail lending groups: Santander UK (including Alliance & Leicester and Bradford & Bingley deposits), Barclays, HSBC Bank, Lloyds Banking Group, Northern Rock and Royal Bank of Scotland Group.

2. Following a change in statistical reporting in January 2010, securitised loan assets held within special purpose vehicles became included in their parent banks' reported lending. The impact of this change was adjusted out of earlier flows.

3. The BBA is the leading UK banking and financial services trade association, representing members from 50 countries on domestic and international issues. 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.

4. A note explaining lending terms is available from the BBA website at http://www.bba.org.uk/statistics/article/lending-terminology.

5. The introduction of the revised Standard Industrial Classification (SIC2007) in national statistics was reflected in the banks' statistical reporting at end-January 2011 and impacts on some of the industry-level data covered by this release, where counterparties have been re-classified between sectors. Where possible, estimates of underlying movements have been made to continue consistent time-series trends.