Press releases

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.”

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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.”

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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
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2nd Feb 2017 Back to top
1st Feb 2017 Back to top
24th Jan 2017 Back to top
28th Dec 2016 Back to top
  • November 2016 figures for the high street banks

    Dr Rebecca Harding, BBA Chief Economist, said:

    “Consumer credit growth continues to be strong, despite falling back a little in November, reflecting strong retail sales in recent months.

    “The reduction in interest rates in August may have boosted remortgaging approvals, with consumers looking to take advantage of the current economic conditions and lock-in lower interest rates.

    “A corollary of a low interest rate environment is a growth in deposits and we’ve seen personal deposits, in particular, grow more strongly in recent months as consumers hoard cash in the absence of higher-yielding, liquid investment opportunities. This growth in personal deposits may also suggest that consumers are looking to grow their cash reserves against potential economic uncertainties, such as an expectation of lower wage growth.”

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5th Dec 2016 Back to top
30th Nov 2016 Back to top
  • BBA response to the Bank of England 2016 stress test

    Commenting on the results of the Bank of England 2016 stress test, Simon Hills, BBA Executive Director of Prudential Capital and Risk, said:

    “The results of the Bank of England stress test – the most rigorous to date – released this morning confirm that, following steps agreed by some of the banks, the seven financial institutions tested would have sufficient capital to withstand a severe and prolonged global downturn. They are also strong enough to continue to support businesses and consumers throughout a potential future stress.

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