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We are a UK specialist bank. Our lending products include mortgages for landlords and loans for business customers.
We use our specialist expertise to help our customers achieve their ambitions.
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.
Strong financial and operational performance for the quarter, full year guidance reconfirmed.
Sustainability is central to our long-term success and it influences every aspect of our business
Sharing the progress we made in 2022 on key environmental, social and governance issues.
Keep up-to-date with the latest new releases and insights from across our business.
We examine the growth of the limited company landlord and the route to incorporation.
We understand how important our employees are to the business and, in recognition of this, we provide a variety of excellent reasons to work for us.
We offer a range of apprenticeship and internship positions to get people started on their career.
This is a strong financial and operating performance, positioning us well to support our customers, grow the business further and deliver good returns for our shareholders.
Nigel TerringtonChief Executive
Tuesday, 06/06/2023
Underlying operating profit* +22.2% increase (H1 22: £105.5 million)
Net loan book +4.6% increase (H1 22: £13.9 billion)
Net interest margin (H1 22: 257 basis points)
New lending +6.9% increase (H1 22: £1.49 billion)
Savings deposits +20.5% increase (H1 22: £9.9 billion)
Interim dividend per share +17.0% increase (H1 22: 9.4 pence)
*For underlying basis, see Appendix A of half year results announcement
16%+ CAGR in new lending since 2015
New Commercial Lending reaches 36% of first half volumes
Digital transformation driving customer benefits and greater efficiency gains
Strong capital base, with CET1 at 15.6%, providing capacity to support growth
Sustainable products now offered across each of our business lines
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Paragon – Nicola Foster and Kathryn Rhinds
0345 849 4003
[email protected]
Headland – Lucy Legh and Charlie Twigg
020 3805 4822
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.