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About us

Our vision is to become the UK’s leading specialist bank by helping our customers achieve their ambitions and be an organisation of which our employees are proud.

What we do

We offer a range of savings and lending products in the UK through Paragon Bank PLC. We are a well-established mortgage lender and, since 2014, we have extended our expertise into a variety of commercial lending markets to support a growing base of business customers. Alongside these activities, we invest in and manage loan portfolios through our subsidiary Idem Capital.

We help individuals and small businesses across the UK prosper and grow by focusing on customers in markets typically underserved by larger high street banks. We see specialisation as what makes us different, as our competitive advantage, and we seek to know more than our competitors about our customers and the markets in which we operate, the products and services we offer, and the risks we incur.

Paragon factsheet


Purpose, vision, strategy and values

We exist to support the ambitions of the people and businesses of the UK by delivering specialist financial services. This purpose, together with our vision, strategy and values, guide our customer-focused and people-friendly culture.

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Key facts

employees
employee-fact

We employ over 1,300 employees

accounts
account-fact

Over 1.5 million customer accounts serviced

assets
asset-fact

£12.2 billion of loans under management

profits
profit-fact

£164 million 2018-19 underlying profit before tax

History

2020

Follow our journey from residential mortgage lender to leading specialist bank.

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2019

Overall new lending reaches £2.5 billion

Advances to Commercial Lending customers approach £1 billion

Savings deposits pass £6.5 billion

Paragon retains its Gold Investors in People status

Paragon launches community volunteering scheme

2018

New mortgage lending reaches £1.6 billion

Paragon adds to its commercial lending expertise with the acquisition of Iceberg and Titlestone

Paragon wins SME Specialist Lender of the Year

Savings deposits exceed £5 billion

2017

Paragon Group of Companies becomes Paragon Banking Group PLC, reflecting its transition into a fully integrated banking group

Paragon simplifies its structure and unifies its savings and lending products under a single, refreshed brand

Paragon’s savings deposits reach £3.6 billion

Paragon’s commercial lending products comprise 21% of new lending for the year

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.