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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

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