Paragon Banking Group

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.

Paragon Banking Group PLC
Public
Traded asLSE: PAG
IndustryPersonal loans
Founded1985
HeadquartersSolihull, West Midlands, United Kingdom
Key people
Fiona Clutterbuck, Chairman
Nigel Terrington, CEO
Revenue£278.4 million (2019)[1]
£159.0 million (2019)[1]
£127.4 million (2019)[1]
Websitewww.paragonbankinggroup.co.uk/

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]

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References
  1. "Annual Report 2019". Paragon. Retrieved 3 March 2020.
  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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