Gross lending on loans has been "weak" in August, according to new statistics.
The total lending for overdrafts and loans rose by £0.2 billion in August, the British Bankers' Association figures show.
This compares with a £0.4 billion rise in total lending for loans and overdrafts in July and a £0.3 billion six-month average.
Furthermore, total lending for credit cards fell by £0.4 billion, a larger drop than the £0.1 recorded in July and £0.1 billion over the previous few months.
In total, new lending on credit cards was £7.2 billion, which is 11 per cent lower than the dame month in 2005.
New lending on personal loans and overdrafts was lower than the six-month average of £332 million, at £186 million.
David Dooks, British Bankers' Association's director of statistics, said: "The on-going weak appetite for consumer credit, driven by a further reduction in credit card lending, continued in August."
Recent research from Morgan Stanley Credit Card showed that there are more credit cards than adults in the UK.
Lending for loans and credit cards weak, figures show
Lending for loans and credit cards weak, figures show
Thu, 28 Sep 2006
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