Press releases

26th Jun 2017 Back to top
  • May 2017 figures for the high street banks

    Eric Leenders, BBA Managing Director for Retail Banking said:

    “This month’s figures show that in the run up to the General Election, credit growth in personal loans, cards and overdrafts has slowed, which was reflected in lower spending; with increased household costs affecting growth in deposits and saving.

    Businesses appear to be weighing up their options before raising finance to fund projects or developments.  After a long period of subdued company borrowing, overall growth is starting to stabilise at a modest rate.”

    Read more

15th Jun 2017 Back to top
  • Banks offer help to Grenfell Tower victims

    The banking industry recognises that many of those who have lost their homes in the tragic fire at Grenfell Tower have also lost all access to their bank cards, accounts and ID documents and is ready to help.

    Read more

25th May 2017 Back to top
  • April 2017 figures for the high street banks

    Eric Leenders, BBA Managing Director for Retail Banking said:

    “As the Spring sunshine picked up in April, so did consumer spending. Annual growth in consumer borrowing from the main high street banks** grew due to increased customer use of credit cards. This was also reflected by an uplift in retail sales volumes, particularly among food retailers over the Easter period.

    House purchase approvals were largely in line with last year’s average, though remortgaging approvals have dipped slightly in recent months despite historically low interest rates.

    Business lending in April was fairly flat possibly reflecting the current uncertain climate.”

    Read more

28th Apr 2017 Back to top
  • Cash ISA Transfer Performance – Q1 2017

    The British Bankers’ Association (BBA), the Building Societies Association (BSA) and the Tax Incentivised Savings Association (TISA) committed that for 2017, a minimum of 80% of cash ISA transfers would be completed within seven working days.

    Read more

  • March 2017 figures for the high street banks

    Eric Leenders, BBA Managing Director for Retail Banking said:

    “In March, annual growth in consumer borrowing from the main high street banks* slowed, perhaps mirroring the dip seen in retail sales volumes as price rises appear to have started biting into consumers’ spending.

    House purchase approvals were largely in line with last year’s average, broadly reflecting a steady housing market.

    Business lending increased in March across a number of sectors including construction, manufacturing, retail and wholesale, and utilities.”

    Read more

24th Mar 2017 Back to top
  • February 2017 figures for the high street banks

    Eric Leenders, BBA Managing Director for Retail Banking said:

    “Elevated approval volumes for house purchases and re-mortgaging experienced during the winter months fell back in February, to average levels seen throughout most of last year. Consumers’ use of credit cards and personal loans reflect last month’s increased spending figures.

    “Businesses continue to exercise a cautious approach to borrowing, using cash reserves and alternative lending sources to finance their operations.”

    Read more

3rd Mar 2017 Back to top
24th Feb 2017 Back to top
  • January 2017 figures for the high street banks

    Eric Leenders, BBA Managing Director for Retail Banking said:

    “The new year saw homeowners make the most of historically low interest rates by taking advantage of competitive re-mortgage offers. Nearly 29, 000 of these deals were approved last month – 16% higher than January last year.”

    Read more

23rd Feb 2017 Back to top
  • UK regions lead growth in banking jobs

    • South West and West Midlands top banking employment ‘hotspots’
    • Scotland cements its dominance as a banking jobs hub, growing by 4% in 2015, twice as fast as the UK average
    • 90 of the top 100 constituencies with the highest share of bank and building were outside of London
    • Over 3,700 banking apprenticeships created in 2015 and Q1 2016
    Read more

2nd Feb 2017 Back to top