Current Share Price: -- --
We are a UK specialist bank. Our lending products include mortgages for landlords and loans for business customers.
We use our specialist expertise to help our customers achieve their ambitions.
Our strategy is to build a specialist bank for our customers, which delivers sustainable growth and shareholder returns through a low risk and robust model.
Continued delivery through strong financial and operational performance.
Sustainability is central to our long-term success and it influences every aspect of our business
Sharing the progress we made in 2023 on key environmental, social and governance issues
Keep up-to-date with the latest new releases and insights from across our business.
Landlord confidence levels buoyed by strong tenant demand, improving yields and stable arrears levels.
We understand how important our employees are to the business and, in recognition of this, we provide a variety of excellent reasons to work for us.
Mentoring is one of a range of opportunities we offer to help you develop and progress in your career.
Our business is organised into two lending divisions, Mortgage Lending and Commercial Lending. Funding comes from a range of different sources, with the majority of new lending funded by savings deposits.
Paragon’s principal source of funding for new lending is our range of savings products offered to UK households. Other funding for lending is derived from the efficient use of the Bank of England funding schemes, while securitisation continues to fund much of the historic mortgage book and is used tactically. Central funding is provided through corporate and retail bonds.
Paragon Bank offers a range of safe, simple and transparent Fixed Rate and Access savings accounts, including ISAs. Our regular survey of new savings customers demonstrates a high level of satisfaction with our accounts and online application process. Online distribution has been augmented by the addition of postal accounts, and digital banking and wealth management platform relationships.
291,000+direct savings customers(31 March 2024)
£28,000+held in each direct account(31 March 2024)
4.7/5Trustpilot score(1 June 2024)
Paragon Banking Group PLC is a specialist finance provider. We offer a range of savings and lending products in the UK through Paragon Bank PLC.