Bank lending continues to rise
11 January 2010
The lending figures for November from the Bank of England have shown an increase in net lending.
Total net lending to individuals increased by £1.1bn in November, fuelled by a £1.5bn increase in net lending secured on dwellings (e.g. mortgages and secured loans).
However, net consumer credit continued to fall (by £0.4bn), suggesting that consumers are focusing on repaying debt - and that banks and other lenders are still reluctant to offer as much consumer credit as they may have in the past.
Tags: bank of england, lending, loans, mortgages, secured loans, net lending, credit, offer credit
Banking in the news
Bank of England `may extend quantitative easing` 1 September 2010
Choosing the `right` student bank account 23 August 2010
Inflation: Bank writes to Chancellor again 18 August 2010
The importance of online bank account security 16 August 2010
Credit card rates up, despite low Bank Rate 5 August 2010