July 23, 2019 / 6:40 AM / 4 months ago

Paragon Banking braces for Brexit as loans rise 20%

July 23 (Reuters) - Paragon Banking on Tuesday reported a 20% jump in new lending in the first nine months of 2019 and stuck by its financial guidance for the whole year, while saying it was keeping a tight rein on risk due to political uncertainties.

The specialist lender reported new lending of 1.90 billion pounds year-to-date, compared to 1.58 billion pounds in the same period a year ago, driven mainly by a rise in commercial lending. (Reporting by Yadarisa Shabong in Bengaluru; editing by Patrick Graham)

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