Bank of England’s April Lending Statistics Make For Interesting Reading

On a regular basis, the Bank of England produces various lending statistics so we thought that you would find it interesting if we shared some of the data with you. If you would like more detailed information it can be found on the above bank’s website.

Loans to SMEs in April 2019 rose by £0.2 billion whilst in March and February 2019 loans fell by £0.1 billion in each of these months but in January 2019 loans to SMEs increased by £0.2 billion. This has resulted in a net increase in loans to SMEs so far in 2019 of £0.2 billion.

Loans to Large businesses in April 2019 rose by £1.4 billion whilst in March 2019 such loans fell by £0.8 billion, in February 2019 increased by £1.3 billion and in January 2019 rose by £4.1 billion. This has resulted in a net increase of £6 billion in loans to large businesses so far in 2019.

Lending to individuals in April 2019 reveals that the amount outstanding totalled £1,637.3 billion. This was an increase of £5.2 billion. A rise of 3.7% in such lending when compared with the figures for a year ago. The Bank of England will no doubt keep a careful eye on the amount of such lending as it would not wish it to get out of control.

Consumer credit in April 2019 shows that the amount outstanding totalled £217.00 billion. This was a rise of £0.9 billion. When compared with a year ago, the amount of such lending increased by 5.9%.

Lending secured on property in April 2019 totalled £1,420.3 billion. This was a rise of £4.3 billion. When compared with a year ago the amount of such lending rose by 3.3%. House purchase mortgage approvals were in the region of 66,300 and remortgage approvals was in the region of 49.400.

We will continue to provide our readers with statistics relating to various forms of lending here in the UK so feel free to revisit our website periodically. If you are looking for borrowing for your business then why not get in touch with us and we will put you in contact with a broker who has specialist knowledge of the likes of business loans and commercial mortgages.

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