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Bank Services: Loans

Volume 491: debated on Thursday 23 April 2009

To ask the Chancellor of the Exchequer what information UK Financial Investments holds on the level of lending to the non-financial private sector by (a) HSBC, (b) Royal Bank of Scotland, (c) Lloyds TSB, (d) HBOS, (e) Northern Rock and (f) Bradford and Bingley in (i) 2006, (ii) 2007 and (iii) 2008; what the change in the average level of such lending by each institution has been since its receipt of public funds; and what proportion of each institution's lending in 2007 that figure represents. (267171)

[holding answer 27 March 2009]: Annual accounts for HSBC, Barclays, RBS, Lloyds TSB, HBOS, Northern Rock, and Bradford and Bingley are respectively published at:




Lloyds TSB:


Northern Rock:


Bradford and Bingley:

On 19 January, the Government announced measures designed to reinforce the stability of the financial system, to increase confidence and capacity to lend, and in turn to support the recovery of the economy. Further information is available at:

These build on measures announced on 8 October last year.

The Government are negotiating quantified lending agreements with the banks participating in the Asset Protection Scheme and extended Credit Guarantee Scheme as announced in January this year. The Government will report to Parliament annually on the delivery of these agreements.

UK Financial Investments Ltd. (UKFI) will focus on its commercial remit to protect and create value for the taxpayer as shareholder, and secure compliance with other conditions attached to the Government's recapitalisation.