The mortgage market might be helped by the shares scheme, an industry expert has suggested.
Banks have been quick to welcome the government's plan to buy up preferential shares in the financial firms.
There have also been suggestions that the scheme will provide a boost to the consumer loans market, which has been suffering as credit crunch-hit banks withdraw consumer mortgages and raise rates on those that remain.
The purchase of preferential shares will give the government some advantages as investors, such as guaranteed dividends. It will not vote on company matters at meetings like other shareholders, though.
HSBC, one of the eight beneficiaries of the plan, said that the shares scheme would help to "provide liquidity" and "inject capital" into the system. "These are important and necessary steps in restoring confidence to the sector," it added.
In a short statement, the British Bankers' Association said that it "welcomes government action that, in these extraordinary circumstances, are providing additional capital for banks and assistance to get lending started again".
It added: "The global money markets have been closed for some time and the consequences have been an inability of the financial system to work properly. This has badly affected banks in the UK and elsewhere."
Michael Coogan, director general of the Council of Mortgage Lenders, was also broadly welcoming of the plan. "From what we can see so far, this seems to be a decisive, coordinated and reasonable package of measures that address both the relevant factors necessary to support a return to market stability," he commented.
"The flow of funding to support mortgage lending has been severely constrained, and these measures will help to create more positive conditions for the mortgage market."
