Construction was one of only three industrial sectors to which Lloyds increased its loans and advances in 2011, but none saw as big an increase. The other sectors considered worthy of an increase were energy & water supply (up 12% to £4.0bn) and financial & other services (up 8% to £64.0bn).
In the year ending 31 December 2011, Lloyds Banking Group lent £9.72bn to the construction industry, up from £ £7.9bn the year before.
By contrast, loans and advances to manufacturing fell 12.5% to £10.1bn. Exposure to property companies was reduced by 17.3%, with loans and advances totalling £64.8bn.
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