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.

Overview

Q3 2023 trading update

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

Find out more

Sustainability

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

Overview

2022 Responsible Business Report

Sharing the progress we made in 2022 on key environmental, social and governance issues.

News

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

Overview

Limited company landlords

We examine the growth of the limited company landlord and the route to incorporation.

Find out more

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

Start your career at Paragon!

We offer a range of apprenticeship and internship positions to get people started on their career.

Find out more

Investors

Q3 2023 trading update

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

Investment case

Find out what makes Paragon a unique company to invest in

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.

Nigel Terrington
Chief Executive Officer

See latest results