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
Anthony Browne, chief executive of the BBA, said:
“This is a very important moment – the first time we have ever published any lending and deposit data for businesses and households for Northern Ireland’s local banks.
“Knowledge provides insight. More transparency will give everyone a clearer understanding of how the province’s economy is performing. These figures will also assist regulators and other policymakers to provide the right framework to promote growth.
“Overall, the levels of consumer and business borrowing are reflective of the wider economic and financial trends in Northern Ireland post the global financial crisis. These figures show us that lending approvals to small and medium-sized business in Northern Ireland is growing strongly. That’s very heartening – and will only give more encouragement to those entrepreneurs we all need to power economic growth.”