People living in Peterborough have the highest number of personal loans per person in England, research compiled by the BBA and the Council of Mortgage Lenders has revealed.
Personal lending in the PE7 0 area of Peterborough totalled £1,967 per capita, above NE13 9 in Newcastle (£1,648), EC1V 2 in London (£1,523) and PR7 7 in Preston (£1,401).
Richard Woolhouse, BBA chief economist, said: “When we look up and down the country, we can see a good spread of lending. That’s important for individuals, businesses and the wider economy.
“Lenders are publishing these figures in a clear commitment to greater transparency.”
When it comes to lending to SMEs, in March this year 21% was in London, followed by the South East (13%), North West (11%) and the South West (11%).
The data was published on 9,000 postcodes across the UK for Q1 2014.
Participating lenders in the dataset were Barclays, Lloyds Banking Group, HSBC, RBS Group, Santander UK, Clydesdale and Yorkshire Banks and Nationwide Building Society
Barclays, Lloyds Banking Group, HSBC, RBS Group, Santander UK and Clydesdale and Yorkshire Banks took part in the SME lending datasets.