Lloyds and Nationwide lead FLS to record rise

By Tom Porter
02 Dec 2013

Large drawings from Lloyds and Nationwide Building Society have helped the UK's Funding for Lending (FLS) scheme to the biggest quarterly net lending flow since its launch, just as the Bank of England moves to pare back the initiative

Net lending through the FLS rose by £5.8bn in the third quarter, compared with an increase of £1.6bn in the second, while cumulative net lending since the launch in June 2012 turned positive at £3.6bn.

The Bank of England’s executive director for markets, Paul Fisher, said an economic ...

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