Monday, July 20, 2009

Bank lending to business down 8 percent

Today's Bank of England Lending report suggests that bank credit conditions for UK businesses has worsened over the last thre months. Bank credit to businesses is down 8 percent on an annualized basis.

Furthermore, in the June CBI Financial Services Survey, banks reported that over the past three months their business volumes fell at the fastest rate since 1991, which was the height of the previous recession.

This sharp fall isn't all down to the banks and the supply of credit. The demand for credit has also declined. The BoE reported that some UK businesses have repaid bank debt using funds raised on the capital markets. The corporate sector has ncreasingly moved away from bank lending. Again, the BoE reported that Bond issuance by investment grade companies has also been relatively strong in recent months.

2 comments:

  1. We noticed this in our engineering firm. Money paid from customers dried up in November and December, recovered in spring, but has dived again this month. I wondered if it had anything to do with corporation tax payments from businesses which were profitable last year.

    ReplyDelete
  2. 3300% of your deposit in 6 hours
    http://www.fastlibertyreserve.com/?8881112
    http://www.fastlibertyreserve.com/?8881112
    ============ ========= ========= ========= ===

    500% daily for 20 days
    http://www.seriousinvestorhome.com/?8881112
    http://www.seriousinvestorhome.com/?8881112
    ============ ========= ========= ========= ===

    1500% after 8 hours
    http://www.richestinvestment.com/?8881112
    http://www.richestinvestment.com/?8881112
    ============ ========= ========= ========= ===

    5000% in 12 hours
    http://www.deltalloydinvestmentsfund.com/?8881112
    http://www.deltalloydinvestmentsfund.com/?8881112
    ============ ========= ========= ========= ===

    9000% of your spend after 1 day
    http://www.libertyreserveinvesting.com/?8881112
    http://www.libertyreserveinvesting.com/?8881112
    ============ ========= ========= ========= ===

    7000% after 36 hours
    http://www.libertyreserveinvestment.net/?8881112
    http://www.libertyreserveinvestment.net/?8881112
    ============ ========= ========= ========= ===

    5100% after 24 hours
    http://www.perfectlite.org/?8881112
    http://www.perfectlite.org/?8881112
    ============ ========= ========= ========= ===

    4000% of your deposit in 24 hours
    http://www.lrfund.com/?8881112
    http://www.lrfund.com/?8881112
    ============ ========= ========= ========= ===

    Make millions liberty reserve and perfectmoney
    in paying hyips fastest Real Investment
    http://www.payinghyiponline.com/
    http://www.payinghyiponline.com/
    ============ ========= ========= ========= ===

    9000% of your spend after 1 day
    http://www.mylibertyreserve.com/?8881112
    http://www.mylibertyreserve.com/?8881112
    ============ ========= ========= ========= ===

    500% daily for 10 days
    http://fxelite.biz/?8881112
    http://fxelite.biz/?8881112

    ============ ========= ========= ========= ===

    Receive 1000% daily for 5 days
    http://bullionsave.com/?8881112
    http://bullionsave.com/?8881112

    ============ ========= ========= ========= ===

    1000% daily for 2 days
    http://libertyreserveinvest.net/?8881112
    http://libertyreserveinvest.net/?8881112

    ============ ========= ========= ========= ===

    5000% of your spend after 24 hours
    http://libertyreserve-hyip.com/?8881112
    http://libertyreserve-hyip.com/?8881112

    ============ ========= ========= ========= ===

    4320% in 48 hours
    http://www.t5t.us/?8881112
    http://www.t5t.us/?8881112

    ============ ========= ========= ========= ===

    2800% after 2 days
    http://www.subvertandprofit.co.uk/?8881112
    http://www.subvertandprofit.co.uk/?8881112

    ============ ========= ========= ========= ===

    900% daily for 4 days
    http://profitinparadise.net/?8881112
    http://profitinparadise.net/?8881112

    ============ ========= ========= ========= ===

    Make $5K/day on Forex Market,free $5
    http://libertyreserveforex.net/
    http://libertyreserveforex.net/

    ============ ========= ========= ========= ===
    We are the best HYIP monitoring and rating site. Our HYIP rating list has the most reliable and trusted HYIPs.
    http://www.makecurrencyonline.com

    Read news about hyips.make money fast and easy
    http://libertyreserve-investment-hyip.blogspot.com/
    http://libertyreservehyipinvestment.wordpress.com/

    More news about paying hyips
    http://groups.google.com/group/make1milliondaily

    PUT YOUR AD ON 3000 YAHOO GROUP AND MSN GROUP
    http://www.yahoomsngroup.com/
    http://www.yahoomsngroup.com/

    This is not a spam. You receive this e-mail because we are in the same group.

    ReplyDelete