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2019 Annual Report and Accounts

Despite the present economic and political uncertainties facing the UK, I am confident that the Group is well placed to respond to the challenges in its markets…

Fiona Clutterbuck
Chair of the Board



Our strategic priorities

Our strategy is to build a specialist bank for our customers, which delivers sustainable growth and shareholder returns through a low risk and robust model. We have five strategic priorities:

Specialisation

Specialisation

Focusing on building strong positions in our chosen markets

Diversification

Diversification

Developing our range of savings and lending products in existing and new markets

Growth

Growth

Seeking opportunities for growth, both organically and through acquisition

Capital management

Capital management

Recycling capital to reinvest in the business and provide shareholder returns

Sustainability

Sustainability

Ensuring our operations have a positive effect on our stakeholders and communities with which we interact

Lending at a glance

Paragon’s operations are organised into three divisions – Mortgage Lending, Commercial Lending and Idem Capital based on product type, origination and servicing.

Advances and investments

12 months ended 30 September 2019

£1.57 billion

Mortgage Lending

£968 million

Commercial Lending

Net loan balances

at 30 September 2019

£10.34 billion

Mortgage Lending

£1.45 billion

Commercial Lending

£390 million

Idem Capital