The monthly lending flow to UK businesses has been volatile on a monthly basis, but on average, it was broadly close to zero over the past six months, the Trends in Lending report from the Bank of England showed Monday.
Gross lending by all MFIs to UK non-financial businesses increased by 21 percent in the twelve months to August and repayments by businesses also increased.
Further, the bank noted that larger companies have access to more bank lending sources than smaller businesses such as the syndicated lending market.
Contacts of the Bank's network of Agents noted that credit conditions had remained easy for large corporates and availability had remained reasonable for many small and medium-sized enterprises.
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