Alternative financing: increased competition impact on banks in the UK 2014

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

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Source

Release date

January 2015

Region

United Kingdom

Survey time period

2014

Number of respondents

80 respondents

Special properties

bank restructuring professionals.

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