Paragon Banking Group

Last updated

Paragon Banking Group PLC
Company type Public
IndustryBanking and Finance
Founded1985
Headquarters Solihull, West Midlands, United Kingdom
Key people
Robert East, Chairman
Nigel Terrington, CEO
RevenueIncrease2.svg £1,314.7 million (2024) [1]
Increase2.svg £253.8 million (2024) [1]
Increase2.svg £186.0 million (2024) [1]
Website www.paragonbankinggroup.co.uk/

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

Contents

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, as part of 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 and businesses and also offers savings accounts to consumers. [9]

References

  1. 1 2 3 "Annual Report 2023". Paragon. Retrieved 13 February 2024.
  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 27 September 2017.
  8. ↑ "Paragon completes Titlestone takeover". Property Week. Retrieved 30 July 2018.
  9. ↑ "Who We Are". Paragon Banking Group PLC.
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