Press releases

5th Jul 2016 Back to top
25th Jun 2016 Back to top
  • BBA statement on the resignation of Lord Hill

    BBA CEO Anthony Browne said:
    “Lord Hill did an important job at a difficult time in Brussels, with the EU referendum looming for most of his time in office. He worked hard to ensure a more stable and customer-focused banking sector, helping our industry play its full role in promoting economic growth”
    Read more

24th Jun 2016 Back to top
  • BBA statement on Article 50

    Customers should rest assured their banking services will continue as normal. People will be able to take money out of cash machines, exchange currency and have full access to their banking services. Any consequences of the referendum result will take some time to resolve and any changes to banking will take place over several years.

    Read more

  • May 2016 figures for the high street banks

    Dr Rebecca Harding, Chief Economic Advisor at the BBA, said: “The data for May shows a sustained increase in unsecured credit relative to earnings. Consumers are increasingly using short-term borrowing for spending, amid uncertainty around the economy and EU referendum.

    “Mortgage approvals have bounced back following the sharp drop in April, caused by the initial reaction to the stamp duty surcharge. This increase suggests that claims of a slowdown in house price inflation may be premature.

    “There has also been stronger growth in bank lending to manufacturing throughout the year. Businesses have shown stronger demand for finance in 2016 and will be keen that today’s referendum result does not slow activity down.”

    Read more

10th Jun 2016 Back to top
2nd Jun 2016 Back to top
  • BBA cements Northern Ireland presence

    The leading voice of the banking industry in the UK, the BBA, is expanding its presence in Northern Ireland with the appointment of Ian Jordan as Non-Executive Chairman of a newly established Northern Ireland Committee.

    Read more

26th May 2016 Back to top
  • April 2016 figures for the high street banks

    Dr Rebecca Harding, BBA Chief Economic Advisor said: “As expected, growth in mortgage lending has fallen back sharply on last month proving that March’s results were just a Stamp-Duty spike. Net mortgage borrowing is nevertheless 3% higher than a year ago.

    “Separately, the fact that personal deposits are growing while ISA deposits continue to disappoint suggest consumers are using easy-access savings while the outlook for the economy remains uncertain. The increase in real wage growth may start to have positive  knock-on effects on long-term savings if it is sustained.”

    Read more

25th May 2016 Back to top
  • BBA’s Diversity and Inclusion Business Council sets out steps to boost growth for diverse small businesses

    A new paper from the BBA’s Diversity and Inclusion Business Council (DIBC) has today outlined seven key initiatives that could help businesses run by ethnic minorities and women (EMWs) realise their full growth potential.

    Growth and Diversity: Meeting needs, seizing opportunities highlights how ethnic minority businesses are estimated to contribute £25-32 billion to the UK economy per year, while women-led enterprises contribute around £70 billion. The paper notes, however, that ethnic minorities and women are seen as under-represented as entrepreneurs, and to have lower levels of business performance.

    Read more

17th May 2016 Back to top
  • The BBA comments on CMA provisional remedies

    Commenting on the provisional findings of the CMA investigation into the supply of personal current accounts (PCAs) and of banking services to small and medium-sized enterprises (SMEs), Chief Executive of the BBA Anthony Browne said:

    “The industry supports the CMA’s aim to deliver good outcomes for customers as banks are pro-competition. The package of measures outlined in the provisional findings give individual customers and businesses greater power to choose the product and services that are best for them. Capping monthly overdraft fees will help customers better manage their finances and raising awareness of the Current Account Switching Service will help more people realise they can switch accounts easily and quickly.”

    Read more

6th May 2016 Back to top
  • BBA announces independent review of bank branch closure protocol

    Anthony Browne, Chief Executive of the BBA, said:

    “More and more of us are adopting digital services to manage our money while on the move, without having to travel to a branch. Banking is in the midst of a customer-led revolution.

    “It is important, however, that customers still have access to banking services if a local bank branch closes for commercial reasons. The Access to Banking Protocol has played an important role in ensuring that communities are engaged with and can access alternative ways to bank.

    “We look forward to working with Professor Griggs as he reviews how the protocol is working in practice and whether it can be improved upon.”

    Professor Griggs OBE said:

    “It’s vital that the protocol meets its aim of minimising the impact of bank branch closures on customers and local communities. This review will not only be looking at how the processes behind the protocol are working in practice, but also crucially the outcomes that they are delivering.”

    Read more