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Bank of England releases individual lending stats

Amanda Jarvis

January 5, 2005

Total lending to individuals grew by £7.8 billion or 0.8% in November, seasonally adjusted, £0.6 billion weaker than the increase in October. The three-month (annualised) growth rate fell to 10.3% from 11.4% (11.7%) in October, while the twelve-month growth rate fell to 13.1% from 13.6%.

Secured lending grew by £6.5 billion or 0.8% in November, seasonally adjusted, £0.5 billion weaker than the increase in October. The three-month (annualised) growth rate fell to 10.2% from 11.3% (11.7%) in October, while the twelve-month growth rate fell to 13.4% from 14.0% in October. Gross advances were £1.8 billion weaker at £21.1 billion. The value of all loans approved was £19.9 billion, £1.3 billion weaker than in October and £2.0 billion weaker than the average in the three months to October. The number of loans approved for house purchase in November was 77,000, seasonally adjusted, compared with the average of 89,000 in the three-months to October.

Consumer credit grew by £1.4 billion or 0.8% in November, seasonally adjusted, £0.1 billion weaker than the increase in October. The three-month (annualised) growth rate fell to 10.4% from 11.7% (11.8%) in October while the twelve-month growth rate fell to 11.7% from 11.8% in October. Gross advances were £18.8 billion, £0.2 billion weaker than the average in the three-months to October.


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