This statistic shows the impact of increased competition from alternative lenders on the banking sector in the United Kingdom (UK) in 2014. Of respondents, 67 percent reported that increased competition had resulted in lower margins for new loans. Further 53 percent reported lower fees to lenders as a result of alternative financing platforms operations.
Impact of increased competition from alternative lenders on the banking sector in the United Kingdom (UK) in 2014
Basic Account
Get to know the platform
You only have access to basic statistics.
This statistic is not included in your account.
Starter Account
The ideal entry-level account for individual users
- Instant access to 1m statistics
- Download in XLS, PDF & PNG format
- Detailed references
$199 USD / Month *
Professional Account
Full access
Business Solutions including all features.
* Prices do not include sales tax.
Other statistics that may interest you Statistics on
About the industry
10
- Premium Statistic Asset-based lending: transactions financed UK 2014
- Basic Statistic Reasons for companies to launch equity crowdfunding campaigns in Italy 2020
- Premium Statistic Lending platforms market share the UK three months prior to April 2017, by type
- Premium Statistic Invoice financing platforms value of year-to-date loans UK 2015-2017
- Basic Statistic Web-focused crowdfunding platforms in Europe 2014, by model
- Basic Statistic Methods for the European Commission to promote crowdfunding in Europe 2014
- Basic Statistic Successful web-entrepreneur crowdfunding campaign numbers in Europe 2014, by country
- Basic Statistic Crowdfunding in Europe: average funds raised by web entrepreneurs in 2014
- Premium Statistic Companies launching equity crowdfunding campaigns in Italy 2022, by region
- Premium Statistic Most-funded UK projects on Kickstarter 2023, by amount pledged
About the region
10
- Premium Statistic Total turnover of factoring and commercial finance in European Union 2010-2021
- Premium Statistic Total turnover of factoring and commercial finance in the UK 2011-2021
- Premium Statistic Factoring or invoice discounting application outcomes for SMEs in the UK 2019
- Premium Statistic Total invoice finance sales volumes in the United Kingdom (UK) Q1 2016-Q1 2018
- Premium Statistic Total advances in asset finance in the UK Q3 2017-Q1 2018, by asset type
- Premium Statistic Quarterly invoice finance sales volumes in the UK Q1 2016-Q1 2018, by factoring type
- Premium Statistic Net value of finance raised by businesses in the United Kingdom 2013-2022
- Premium Statistic External finance types sought by small and medium enterprises in the UK 2019-2022
- Premium Statistic Share of small and medium enterprises seeking external financing in the UK, 2019-2022
- Basic Statistic Outstanding debt of student loans in the UK 2013-2023
Other regions
9
- Premium Statistic Factoring volume in the Netherlands 2007-2021
- Premium Statistic Factoring volume in Luxembourg 2007-2019
- Premium Statistic Factoring volume in Belgium 2007-2019
- Premium Statistic Total turnover of factoring and commercial finance in Germany 2011-2021
- Premium Statistic Total outstanding in business loans in Portugal 2007-2018
- Premium Statistic Total outstanding in business loans in Sweden 2012-2017
- Premium Statistic Total outstanding in business loans in Finland 2007-2018
- Premium Statistic Total outstanding in business loans in Switzerland 2007-2017=8
- Premium Statistic Total outstanding in business loans in Latvia 2007-2018
Related statistics
10
- Premium Statistic Value of loans for SMEs from banks from the Netherlands 2015-2023
- Premium Statistic Success rate of equity crowdfunding campaigns in Italy 2020, by platform
- Premium Statistic Type of bank account used by small and medium enterprises in the UK in 2019
- Premium Statistic Bank overdraft application outcomes for SMEs in the United Kingdom (UK) 2019
- Premium Statistic P2P business lending platforms: cumulative value of loans in UK June 2019
- Premium Statistic P2P business lending platforms: value of year-to-date loans in the UK June 2019
- Premium Statistic UK P2P business lending platforms market share: three months prior to March 2019
- Premium Statistic UK Invoice financing platforms: market share three months prior to October 2015-2018
- Premium Statistic Crowdfunding platforms value of year-to-date loans in the UK September 2017
- Premium Statistic UK Crowdfunding platforms market share as of 2017
Further related statistics
1
Further Content: You might find this interesting as well
Deloitte. (January 27, 2015). Impact of increased competition from alternative lenders on the banking sector in the United Kingdom (UK) in 2014 [Graph]. In Statista. Retrieved April 18, 2024, from https://www.statista.com/statistics/472289/impact-of-increased-competition-from-alternative-lenders-united-kingdom/
Deloitte. "Impact of increased competition from alternative lenders on the banking sector in the United Kingdom (UK) in 2014." Chart. January 27, 2015. Statista. Accessed April 18, 2024. https://www.statista.com/statistics/472289/impact-of-increased-competition-from-alternative-lenders-united-kingdom/
Deloitte. (2015). Impact of increased competition from alternative lenders on the banking sector in the United Kingdom (UK) in 2014. Statista. Statista Inc.. Accessed: April 18, 2024. https://www.statista.com/statistics/472289/impact-of-increased-competition-from-alternative-lenders-united-kingdom/
Deloitte. "Impact of Increased Competition from Alternative Lenders on The Banking Sector in The United Kingdom (Uk) in 2014." Statista, Statista Inc., 27 Jan 2015, https://www.statista.com/statistics/472289/impact-of-increased-competition-from-alternative-lenders-united-kingdom/
Deloitte, Impact of increased competition from alternative lenders on the banking sector in the United Kingdom (UK) in 2014 Statista, https://www.statista.com/statistics/472289/impact-of-increased-competition-from-alternative-lenders-united-kingdom/ (last visited April 18, 2024)
Impact of increased competition from alternative lenders on the banking sector in the United Kingdom (UK) in 2014 [Graph], Deloitte, January 27, 2015. [Online]. Available: https://www.statista.com/statistics/472289/impact-of-increased-competition-from-alternative-lenders-united-kingdom/