Paragon Banking Group

Paragon Banking Group PLC
Public (LSE: PAG)
Industry Personal loans
Founded 1985
Headquarters Solihull, West Midlands, United Kingdom
Key people
 Fiona Clutterbuck, Chairman
Nigel Terrington, CEO
Revenue £232.6 million (2017)[1]
£144.8 million (2017)[1]
£117.2 million (2017)[1]
Website www.paragonbankinggroup.co.uk/

The Paragon Banking Group PLC is one of the United Kingdom's largest providers of mortgages and personal loans. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The company was established in 1985 as the National Home Loans Corporation.[2] It launched Homeloans Direct in 1995.[3] In 1997 it changed its name to the Paragon Group of Companies.[4] In 2003 it acquired Britannic Money.[5]

In 2014, the Paragon Group of Companies PLC launched Paragon Bank which offers a range of internet-based savings accounts and a range of lending products.[6]

In 2017, it changed its name to Paragon Banking Group PLC, which was to reflect its focus towards becoming a "fully integrated banking business".[7]

In 2018, Paragon Banking Group completed a £48m takeover of residential lender Titlestone Property Finance.[8]

Operations

The Company is based in Solihull and offers lending to landlords.[9]

References

  1. 1 2 3 "Preliminary Results 2017". Paragon. Retrieved 28 March 2018.
  2. ↑ "Overview". Paragon Banking Group. Retrieved 28 March 2018.
  3. ↑ "Paragon Mortgages". U switch. Retrieved 28 March 2018.
  4. ↑ "Paragon Banking Group". Companies House. Retrieved 28 March 2018.
  5. ↑ Paragon eyeing up Britannic Money. Daily Telegraph, 25 May 2003
  6. ↑ "Paragon Bank Launches". Paragon. Retrieved 19 August 2017.
  7. ↑ "Paragon Group Changes Name To Paragon Banking Group Amid Restructure". Interactive Investor. Retrieved 2017-09-27.
  8. ↑ "Paragon completes Titlestone takeover". Property Week. Retrieved 2018-07-30.
  9. ↑ "Paragon About Us". Paragon Banking Group PLC.
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