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We are a UK specialist bank. Our lending products include mortgages for landlords and loans for business customers.
Our purpose is to support the ambitions of the people and businesses of the UK by delivering specialist financial services.
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.
Continued strong momentum as Paragon concludes its busiest quarter for lending advances in over a decade.
Sustainability is central to our long-term success and it influences every aspect of our business
We are celebrating Black History Month throughout October to highlight the importance of diversity in our workplace.
Keep up-to-date with the latest new releases and insights from across our business.
From what students look for to where landlords can find the best yields, our latest report looks in depth at the privately rented student market.
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're looking for qualified surveyors to come and join our team.
I am incredibly proud of these results. They reflect the hard work of our people during a challenging period as well as the success of our longstanding strategy to build a technology-enabled specialist banking group. We have delivered record half year profits and go into the second half of 2021 with strong momentum, healthy new business pipelines and enhanced margins.
Nigel TerringtonChief Executive
08/06/2021 | Results announcement
08/06/2021 | Results presentation
08/06/2021 | Presentation replay
New lending +45.1% increase (2020 H2: £776.4 million)
Underlying profits* +44.9% increase (2020 H1: £57.2 million)
Net interest margin (2020 H1: 229 basis points)
Underlying EPS* +43.2% increase (2020 H1: 17.6 pence)
CET 1 (2020 H1: 14.4%)
Interim dividend(2020 H1: nil**)
*For underlying basis, see Appendix A of Results announcement **For more information, see April 2020 Covid-19 update here.
Customer payment holidays returned to low levels and Recovery Loan Scheme available for SME customers.
Incremental technology development programmes underway to enhance customer and intermediary engagement.
First Green Bond issued and progress made in roll-out of sustainable lending products.
Pilot exercises in process to explore optimal ways of working for the future.
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Paragon – Nicola Foster and Kathryn Rhinds
0345 849 4003
[email protected]
Headland – Lucy Legh and Del Jones
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.