UK banks’ cumulative net mortgage lending reached £13.8 billion for 11 months to November 2013, 24% higher than the same period in 2012, notes Citi in its recent research report. Andrew Coombs and team at Citi Research in their recent report titled “UK Banks Big Picture: Winter 2013/14” point out UK housing prices also continued to rise with all regions reporting gains. UK Banks: Recovery in household lending The Citi analysts point out that apart from mortgage lending, credit card lending and unsecured lending volumes too continued to improve in UK. However, corporate lending volumes remain subdued, as lending to…
UK Banks Witness Accelerated Mortgage Lending
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports