RTTNews - Thursday, the latest Trends in Lending from the Bank of England showed that total net lending to businesses declined across all the main industrial sectors. At the same time, companies raised equity to repair their balance sheets and turned to the bond markets.
Further, the flow of net mortgage lending remained close to its lowest level in June and subdued net lending continued into July. Since the beginning of 2009, gross lending for house purchase continued its recovery with rising mortgage approvals.
The central bank report also showed that total net consumer credit flows appear to have stabilized at very low levels. The major UK lenders reported continued weak net consumer credit flows in July.
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