Banking focus pays dividends for Paragon

Nigel Terrington, chief executive, Paragon Banking Group
Solihull-based Paragon Banking Group has cheered investors with a strong set of full year results. For the year to September 30, 2017 underlying profit rose by 1% to £145.2m (2016: £143.8m), with statutory pre-tax profit increasing by 1.1% to £144.8m (2016: £143.2m). There was strong lending growth across buy-to-let and newer product lines, with total lending up 28.8% to £1,853.4m (2016: £1,439.1m). Buy-to-let completions were up 20.6% to £1,399.9m (2016: £1,161m) and commercial lending increased 66.8% to £388.9m (20... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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