PARAGON BANKING GROUP PLC

Description

Paragon Banking Group PLC, a constituent of the FTSE 250 Index founded in 1985, is one of the largest providers of personal loans and mortgages in the United Kingdom. The group is regulated by the Prudential Regulation Authority and the Financial Conduct Authority and authorized by the Prudential Regulation Authority. The group offers loans, savings, and specialty finance along with other services including credit grating by non-deposit taking finance houses other consumer credit finance services.

The group establishes as National Home Loans Corporation and with the growth of the company renamed itself as Paragon Banking Group of Companies in 2017. The Paragon Banking Group of Companies launched Paragon Bank in 2014 which provide service of internet-based savings accounts and a range of lending products. The group offers their services to small and medium sized business customers in different sectors such as aviation, agriculture and construction, through to property development, print and technology.

The Group’s main objective is to become highly regarded specialist provider of finance in the United Kingdom. The group has 43 thousand customers in UK with £12 billion of assets under management and has annual operating profits of over £150 million. The group focused on providing services with the values of professionalism, commitment, fairness and respect, integrity along with its 1,400+ employees. The group helps individuals or small businesses by offering Mortgage Lending, Commercial Lending, Idem Capital, and Savings. The group also indulges in the services to help society such as deliver skills workshops in local schools and colleges and donating charity. The company contributed £1.8 million+ to StepChange Debt Charity as part of its corporate and social responsibility.