Paragon Banking Group

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.

Paragon Banking Group PLC

Company type	Public
Traded as	LSE: PAG FTSE 250 component
Industry	Banking and Finance
Founded	1985
Headquarters	Solihull, West Midlands, United Kingdom
Key people	Robert East, Chairman Nigel Terrington, CEO
Revenue	£1,314.7 million (2024)[1]
Operating income	£253.8 million (2024)[1]
Net income	£186.0 million (2024)[1]
Website	www.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, 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]