Deposits from other financial corporations fell by £1.1bn driven by securities dealers (-£5.5bn) and fund management activities (-£1.4bn), with partially offsetting movements coming from other auxiliary activities (+£2.2bn), insurance companies and pension funds (+£2.3bn) and other financial intermediaries (+£1.6bn).
Deposits from non-financial corporations increased by £4.7bn. This was due to companies involved in legal, accountancy and other business services (+£1.8bn), development, buying and selling of real estate (+£1.2bn), transport, storage and communication (+£0.8bn) and public administration and defence (+£0.7bn), with a partially offsetting movement coming from computer and related activities (-£0.9bn).
Sterling lending to UK residents increased by £31.7bn (nsa) in Q3 2003. Lending to individuals increased by £22.1bn, of which £17.9bn was secured on dwellings including bridging finance. Lending to other financial corporations rose by £11.5bn, with large movements coming from other auxiliary activities (+£3.2bn), securities dealers (+£2.8bn), insurance companies and pension funds (+£2.5bn) and mortgage and housing credit corporations (+£1.8bn). Lending to non-financial corporations fell by £1.8bn, driven by repayments from transport, storage and communication (-£3.4bn), manufacturing (-£1.6bn) and public administration and defence (-£1.1bn), with partially offsetting movements coming from the development, buying and selling of real estate (+£3.2bn) and legal, accountancy and other business services (+£1.8bn).
