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Consumer finance grows by 7% in June PDF Print E-mail
Wednesday, 16 August 2017
New figures released today by the Finance & Leasing Association (FLA) show growth of 7% in consumer finance new business in June, compared with the same month last year, and growth of 4% in the second quarter of 2017 overall.

Credit card and personal loan new business together grew by 10% compared with June 2016, while retail store and online credit new business increased by 3%. Second charge mortgage new business grew 33% by value and 22% by volume over the same period.

Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said: “In the first half of 2017, consumer finance new business grew by 5% compared with the same period in 2016, in line with modest single-digit growth expectations for the year as a whole.”
 

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