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.

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Investors

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

Q3 2021 trading update

Continued strong momentum as Paragon concludes its busiest quarter for lending advances in over a decade.

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Sustainability

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

Overview

Black History Month

We are celebrating Black History Month throughout October to highlight the importance of diversity in our workplace.

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News

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

Overview

Studying Student Buy-to-Let

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.

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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

Opportunities for surveyors

We're looking for qualified surveyors to come and join our team.

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Investors

Q3 2021 trading update

Continued strong momentum as Paragon concludes its busiest quarter for lending advances in over a decade.

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