22 May 2006
The British Bankers Association (BBA) has said that consumer lending has become more stable, after sharp increases shown in March.
Unsecured lending in the form of personal loans did see an increase of £0.3 billion, but this was below the average monthly rise over the past six months of £0.4 billion.
There was no increase in lending in the form of loans and overdraft debt during April.
Credit card lending showed the strongest increase, rising by £0.3 billion compared with the average rise of £0.1 billion, taken over the past six months.
"Although credit card lending was stronger, that has to be viewed against the rare net repayment seen in March," said David Dooks, BBA director of statistics.
"Overall, the trends in consumer lending appear stable.
"Individuals deposits increased much more slowly than of late, but this was a reaction to the stronger than usual increase in March."
The figures are a comprehensive overview of the picture of lending and loans in the UK as they are reached by examining statistics provided by the major British banking groups, which include Lloyds TSB, HSBC, Barclays and The Royal Bank of Scotland.
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