The BBA is now integrated into UK Finance. Please go to www.ukfinance.org.uk for new content and updates from UK Finance.
Material published by BBA prior to 1st July 2017 is still available on this website.
From 1 July 2017, the finance and banking industry operating in the UK will be represented by a new trade association, UK Finance. It will represent around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation will take on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association.x
From today, 99 per cent of UK personal bank customers and over 75 per cent of business customers can do their day-to-day banking at the Post Office, as a new industry-wide agreement with UK banks comes into effect. This will see the biggest expansion in face-to-face banking access in a generation.
BBA Chief Executive Anthony Browne said: “Nine out of ten people now live within twenty minutes’ walk from a bank or a Post Office where they are able to do banking face-to-face with another person.
“Banking is changing hugely, with people now able to speak to their banks at any time of the day or night on the phone or check their balance on an app.
“But this isn’t for everyone, as some people still want that personal contact, which is why this arrangement with the Post Office is such good news. It ensures customers can continue to access face-to-face banking and that no-one gets left behind by the technological revolution sweeping the industry.”
For more information please contact the BBA press office on 020 7216 8989.
Notes to editors
For more information on the industry’s latest growth and trends on the various channels customers use to interact with their banks, and how this behavioural shift is changing the way we bank now, please see the BBA’s ‘Closer at hand’ briefing:
About the BBA
The BBA is the leading trade association for the UK banking sector with 200 member banks headquartered in over 50 countries with operations in 180 jurisdictions worldwide. Eighty per cent of global systemically important banks are members of the BBA. As the representative of the world’s largest international banking cluster the BBA is the voice of UK banking.
We have the largest and most comprehensive policy resources for banks in the UK and represent our members domestically, in Europe and on the global stage. Our network also includes over 80 of the world’s leading financial and professional services organisations. Our members manage more than £7 trillion in UK banking assets, employ nearly half a million individuals nationally, contribute over £60 billion to the UK economy each year and lend over £150 billion to UK businesses.
The BBA supports and promotes policies and initiatives that balance both the interest of banks, and the wider public benefit. Our work is underpinned by three core priorities:
Our mission statement sets out further details about the aims and values of the organisation.