skip to content

Trading statements

Paragon grows core lending products

26 July 2017 08:25

Lender Paragon (PAG) reported new business growth in each of its main lending products in the year to date.

A further £575.7 million of new lending completed in the third quarter, taking aggregate advances to £1,439.7 million for the nine months.

Lending increased in Paragon's buy-to-let, asset finance and specialist lending divisions.

Nigel Terrington, Paragon's chief executive, said strong capital and funding resources provide the foundations for further growth, alongside returning additional sums to shareholders via the enhanced buy-back programme.

"Our new business streams continue to develop well and the increasingly complex focus in buy-to-let demand is also supporting absolute growth and market share gains for Paragon," he added.

At 8:25am: (LON:PAG) Paragon Group of Companies The PLC share price was +15.25p at 423.25p

Story provided by

Related Company: PAG

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

Bluezest Aviva Aberdeen

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.