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Construction and property lead demand for bank lending

Demand for bank finance from construction and property companies has outstripped other sectors according to latest statistics from the British Bankers&#39 Association (BBA).

The BBA&#39s annual review, Banking Business, shows that the pattern of demand from companies for bank finance has shifted in recent years, with lending to construction and property companies more than doubling over the last five years, while lending to manufacturers, wholesalers and retailers saw little change.

Demand for bank finance from small businesses has changed pattern too. Overdraft borrowing has decreased as small businesses choose to structure their finance through term loans, but the BBA figures show that small businesses are also holding higher deposits.

The research shows that Britain&#39s banking sector, with assets of over €5,000bn (£3,145bn) – a fifth of all European banking assets – is bigger than the commercial banking sector in any other European country.

Britain is also the largest centre in the world for cross-border bank lending, accounting for 21% cent of the world total. Earnings from services and investments by the sector contributed around £12bn to the UK&#39s balance of payments – 40% of the net overseas earning of the whole financial services sector.


Technology holds the key to Sandler, says Marlborough Stirling

Marlborough Stirling says it understands the mixed reaction by product providers to the Sandler review and in particular the proposed 1% stakeholder suite of products. However, it claims that two of the challenges for the industry hold the key to making them work. If the industry can work towards making &#39end-to-end electronic processing of transactions […]

FSA publishes latest consultation paper

The FSA published its long-awaited consultation paper on regulated mortgage sales last Monday. Sarah Wilson, director of the FSA&#39s high street firms division, says: “We want to make sure that consumers get clear comparable information on mortgages and that, where they get advice, they are recommending a suitable mortgage. We aim to introduce a regime […]

Housing market enters cooling-off period, claims Rightmove

Rightmove&#39s first ever Real-time Property Report shows that the housing market has entered a natural cooling-off period after the strong growth of the past 12 months. The report found that the rate of growth of asking prices nationally has fallen in four consecutive months, with monthly price inflation declining from 4.5% in April to 0.8% […]

Surrenda-link Appoints New Investment Sales Manager

Chester-based TEP company Surrenda-link has recently appointed Keith Hughes as investment sales manager. Hughes will be chiefly responsible for Surrenda-link Investment Fund and will act as the contact within Surrenda-link for TEP related investments. Ernie Hayes, senior manager, investment funds at Surrenda-link says: “We are delighted to welcome Keith to the investment team. Having worked […]

Europe: banking on a recovery

Neptune video: Europe — banking on a recovery

Arguing that the eurozone crisis is over, watch Rob Burnett, head of European equities at Neptune, discuss the sectors that he’s investing in to harness the recovery. 

In the video, Burnett addresses the following: 

• The primary drivers of the eurozone’s economic recovery
• The turnaround in individual countries’ current accounts
• Sectors best positioned to harness the recovery, without offering undue exposure to risk


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