The total value of loan write-offs in the United Kingdom (UK) was over a billion British pounds as of the last quarter of 2023. Most of that amount corresponded to loan write-offs by UK financial monetary financial institutions in British pounds, but there were also 35 million British pounds of loans in foreign currency written off. The highest value recorded during the observed period was during the fourth quarter of 2014, when over three billion British pounds of loan write-offs were recorded by financial institutions.
Quarterly lending write-offs by financial institutions in United Kingdom (UK) from 3rd quarter 2013 to 4th quarter 2023, by currency
(in million GBP)
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Bank of England. (February 17, 2024). Quarterly lending write-offs by financial institutions in United Kingdom (UK) from 3rd quarter 2013 to 4th quarter 2023, by currency (in million GBP) [Graph]. In Statista. Retrieved December 12, 2024, from https://www.statista.com/statistics/375426/uk-write-offs-loans/
Bank of England. "Quarterly lending write-offs by financial institutions in United Kingdom (UK) from 3rd quarter 2013 to 4th quarter 2023, by currency (in million GBP)." Chart. February 17, 2024. Statista. Accessed December 12, 2024. https://www.statista.com/statistics/375426/uk-write-offs-loans/
Bank of England. (2024). Quarterly lending write-offs by financial institutions in United Kingdom (UK) from 3rd quarter 2013 to 4th quarter 2023, by currency (in million GBP). Statista. Statista Inc.. Accessed: December 12, 2024. https://www.statista.com/statistics/375426/uk-write-offs-loans/
Bank of England. "Quarterly Lending Write-offs by Financial Institutions in United Kingdom (Uk) from 3rd Quarter 2013 to 4th Quarter 2023, by Currency (in Million Gbp)." Statista, Statista Inc., 17 Feb 2024, https://www.statista.com/statistics/375426/uk-write-offs-loans/
Bank of England, Quarterly lending write-offs by financial institutions in United Kingdom (UK) from 3rd quarter 2013 to 4th quarter 2023, by currency (in million GBP) Statista, https://www.statista.com/statistics/375426/uk-write-offs-loans/ (last visited December 12, 2024)
Quarterly lending write-offs by financial institutions in United Kingdom (UK) from 3rd quarter 2013 to 4th quarter 2023, by currency (in million GBP) [Graph], Bank of England, February 17, 2024. [Online]. Available: https://www.statista.com/statistics/375426/uk-write-offs-loans/