Smaller UK firms struggle for bank finance

Banks’ difficulties in accessing funding did not hit UK corporates’ access to loan financing over September, according to a Bank of England report released this week, but treasurers are bearish about the 12 months ahead. In its quarterly Trends in Lending report, the UK’s central bank noted that larger firms were generally able to access bank lending, but smaller businesses were still finding bank finance hard to come by.

  • 21 Oct 2011

"Some major UK lenders reported that higher wholesale bank funding costs were starting to feed through to their internal transfer prices although, as yet, the effect on loan pricing for corporates was muted," the report stated.

Lending by UK banks and building societies to businesses shrank by around £2.5bn ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,029 20 10.95
2 Bank of America Merrill Lynch (BAML) 6,703 19 10.45
3 JP Morgan 4,776 10 7.44
4 Credit Suisse 4,718 9 7.35
5 Deutsche Bank 4,262 13 6.64

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1 Wells Fargo Securities 67,591.81 167 11.54%
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3 JPMorgan 55,390.36 159 9.46%
4 Citi 55,051.46 160 9.40%
5 Credit Suisse 43,756.73 120 7.47%