We are a UK specialist bank. Our lending products include mortgages for landlords and loans for business customers.

The pandemic has had a wide-ranging impact on what tenants want from their home. Find out how landlords are responding.

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.

Overview

Latest results

Strong momentum, healthy new business pipelines and growing confidence as the UK emerges from the Covid crisis

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Sustainability

Sustainability is central to our long-term success and it influences every aspect of our business

Overview

Disability Confident

We’re a member of the Government’s Disability Confident scheme, committed to providing inclusive and accessible recruitment and support for disabled people.

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News

Keep up-to-date with the latest new releases and insights from across our business.

Overview

The Amazon Effect

What happens to house prices, business creation and jobs when an Amazon fulfilment centre opens in the local area?

Careers

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.

Overview

Looking for an internship?

Learn how a Paragon internship can help you gain work experience in your chosen field.

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Investors

2021 Half year results

Strong momentum, healthy new business pipelines and growing confidence as the UK emerges from the Covid crisis

Investment case

Find out what makes Paragon a unique company to invest in

for the six months ended 31 March 2021

£1.13 billion

New lending
+45.1% increase
(2020 H2: £776.4 million)

£82.9 million

Underlying profits*
+44.9% increase
(2020 H1: £57.2 million)

232 basis points

Net interest margin
(2020 H1: 229 basis points)

25.2 pence

Underlying EPS*
+43.2% increase
(2020 H1: 17.6 pence)

16.0%

CET 1
(2020 H1: 14.4%)

7.2 pence

Interim dividend
(2020 H1: nil**)

*For underlying basis, see Appendix A of Results announcement
**For more information, see April 2020 Covid-19 update here.

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 Terrington
Chief Executive Officer

See latest results