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Q3 2023 trading update

Q3 2023 trading update

Strong financial and operational performance for the quarter, full year guidance reconfirmed.

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Investment case

Investment case

Find out what makes Paragon a unique company to invest in

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Performance summary

For the six months ended 31 March 2023

£128.9 million

Underlying operating profit*
+22.2% increase
(H1 22: £105.5 million)

£14.6 billion

Net loan book
+4.6% increase
(H1 22: £13.9 billion)

295 basis points

Net interest margin
(H1 22: 257 basis points)

£1.59 billion

New lending
+6.9% increase
(H1 22: £1.49 billion)

£11.9 billion

Savings deposits
+20.5% increase
(H1 22: £9.9 billion)

11.0 pence

Interim dividend per share
+17.0% increase
(H1 22: 9.4 pence)

*For underlying basis, see Appendix A of half year results announcement

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.
2022 Annual Report

2022 Annual Report and Accounts

Find out more about the financial and operational performance of the Group and the progress we have made towards our strategic priorities.

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2022 Responsible Business Report

2022 Responsible Business Report

Discover how sustainability influences every aspect of our business.

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Financial calendar

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Full year results

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Q1 Trading update

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Investor contacts

Nicola Foster

Head of Corporate Communications

Kathryn Rhinds

Corporate Communications Manager

Company secretary