2nd July 2014

Bank support for customers in Northern Ireland Q3/Q4 2013

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.”