Annual rate rises
July 22nd, 2009 by Yas
Approvals by main high-street banks saw an increase of the annual rate to almost 16 per cent last month, touching a 13-month high.
The average value of the loans, although below the levels seen last year, has also risen steadily over the last six months according to BBA.
The BBA also published statistics on lending to companies, with the figures showing that loans to certain industries remained at a poor quality. Loaning to the construction industry, for example, was down £500m last month, compared with an average drop of £200m over the past six months. With figures such as these being broadcast is there any hope for anyone?
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