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About us

The Paragon Group of Companies PLC has changed its name to Paragon Banking Group PLC

Our ticker is PAG:LN

What we do

Paragon Banking Group PLC is a specialist finance provider. We offer a range of savings and lending products in the UK through Paragon Bank PLC. We also invest in and manage loan portfolios through our subsidiary Idem Capital.

A FTSE 250 company, Paragon Banking Group was established in 1985 and is listed on the London Stock Exchange.

Key facts

We employ over 1,300 employees
Over 450,000 customer accounts
£12.3 billion of assets under management
£146.9 million operating profits

History

2016

Paragon continued to diversify its lending and savings products

Whilst buy-to-let mortgages were again the mainstay of new lending, new product categories comprised almost 30% of total advances

Paragon Bank launched ISAs and retail savings deposits reached £1,873.9 million

2015

During the year the Group completed its 62nd securitisation deal PM24

In the summer the Group launched its third retail bond to the market raising £112.5 million

The Group successfully completed the acquisition of Five Arrows Leasing Group from Rothschild & Co for £117.0 million

2014

On 18 February the Group launched its banking subsidiary, Paragon Bank

Annual results for the year showed Paragon Mortgages recorded an 82% increase in lending

During November the Group completed its 59th securitisation deal - PM21

Record pre-tax profits reported of £122.2 million

2013

Idem Capital completed its ninth acquisition, a portfolio of unsecured consumer loans worth £13.5 million from HSBC

The Group launched its first retail bond, raising £60 million

2012

The Group announced the signing of a new £200 million warehouse facility, provided by Lloyds Bank, and the renewal of the existing warehouse with Macquarie

2011

The Group completed its first securitisation since 2007 and the first UK post-credit crunch transaction consisting exclusively of buy-to-let assets

Idem Capital acquired six loan portfolios, either directly or co-invested, with a total investment of £89.5 million

2010

The Group announced a return to new lending with a range of fixed and tracker rate buy-to-let products

2009

The Group successfully managed its £9.3 billion portfolio of assets in difficult market conditions, producing an arrears performance significantly better than the industry average

2008

The Group successfully completed a Rights Issue – with no corporate debt to repay until 2017

The Group recorded underlying profits of £66.9 million

2007

Non-executive director Bob Dench replaced Jon Perry as Chairman in February

2006

The Group expanded its market share of the buy-to-let market from 8% to 10% and recorded profits of £82.8 million and assets under management of £8.4 billion

2003

The Group completed the acquisition of Britannic Money, which is rebranded Mortgage Trust, consolidating its position in the buy-to-let market

1998

The Group expanded its activities in the consumer finance market with the acquisition of Universal Credit from Lloyds TSB for £25 million

1997

Paragon was awarded the Investors in People accreditation

1995

The Group launched its first buy-to-let product

Nigel Terrington appointed as Chief Executive

1985

Paragon Group was founded

Paragon Banking Group PLC.  Registered in England number 2336032.  Registered office 51 Homer Road, Solihull, West Midlands  B91 3QJ.


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