Lending data published today shows that NatWest Group is a major supporter of the UK economy.

The detailed local lending data, which forms part of a joint data reporting exercise with UK Finance and other major UK banks, gives a snapshot of lending balances in 120 postcode areas across Great Britain and around 11,000 postcode sectors at the end of June 2023.

NatWest Group lent a total of GBP225 billion in mortgages, personal loans and business loans to small and medium sized enterprises (SMEs). Mortgages make up the largest element of this total with GBP191 billion in lending, followed by SME lending at GBP27 billion and then personal lending with GBP7 billion.

This joint data reporting exercise is intended to provide greater transparency and help deliver a detailed picture of the borrowing landscape across the country. Our drive for transparency is balanced with ensuring our customers' confidentiality. Therefore, along with other banks, we have withheld postcode sector data which would risk disclosure of any individual customer's borrowing.

(C) 2024 Electronic News Publishing, source ENP Newswire