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Paragon Banking Group

Paragon Banking Group PLC
Company typePublic
IndustryBanking and Finance
Founded1985
HeadquartersSolihull, West Midlands, United Kingdom
Key people
Robert East, Chairman
Nigel Terrington, CEO
RevenueIncrease £1,010.6 million (2023)[1]
Decrease £199.9 million (2023)[1]
Decrease £153.9 million (2023)[1]
Websitewww.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.

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. ^ a b c "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.

External links

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