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Bank of England says FLS lending stronger in Q2

Mon, 02nd Sep 2013 08:48

LONDON, Sept 2 (Reuters) - The Bank of England said netlending by banks and building societies taking part in itsFunding for Lending Scheme was 1.6 billion pounds ($2.5 billion)in the second quarter of 2013, slightly stronger than inprevious quarters.

Banks have drawn down 17.6 billion pounds of cheap fundsfrom the FLS since it opened last August, but net lending hasfalllen by 2.3 billion pounds since June 2012.

The biggest net lenders during the quarter were Nationwide, Lloyds Banking Group, Virgin Money andBarclays, according to data from the Bank of England.

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