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LONDON Feb 24 British banks approved the
highest number of mortgages in a year last month and credit card
lending partly revived after a lull in December, industry
figures showed on Friday, contrasting with earlier signs of a
loss of economic momentum.
The British Bankers' Association said its members gave the
green light to 44,657 mortgages in January, up from 43,581 in
December and the highest number since January last year, when
45,794 were granted.
The BBA said low mortgage rates were also driving strong
interest from existing home-owners in remortgaging.
Net credit card lending also picked up after stagnating in
December, rising by 116 million pounds, though this was still
one of the smallest increases of the past six months.
(Reporting by David Milliken, editing by Andy Bruce)