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Paragon Banking Group PLC (PARA.L)

PARA.L on London Stock Exchange

427.00GBp
23 Aug 2019
Change (% chg)

6.20 (+1.47%)
Prev Close
420.80
Open
419.80
Day's High
433.80
Day's Low
419.80
Volume
586,967
Avg. Vol
412,926
52-wk High
490.80
52-wk Low
379.20

Latest Key Developments (Source: Significant Developments)

Dimensional Fund Advisors Discloses 5% Stake In Paragon Banking
Friday, 9 Aug 2019 

Aug 9 (Reuters) - Paragon Banking Group PLC ::DIMENSIONAL FUND ADVISORS LP DISCLOSES 5% STAKE IN PARAGON BANKING AS OF AUG 7 - FILING.  Full Article

Dividebuy Secures Over 60 Mln stg Of Equity Investment, Debt Financing
Friday, 22 Mar 2019 

March 22 (Reuters) - Paragon Banking Group PLC ::DIVIDEBUY - SECURED OVER £60M OF EQUITY INVESTMENT AND DEBT FINANCING FROM PRIVATE EQUITY INVESTORS AND UK BANKS INCLUDING PARAGON.  Full Article

Paragon Banking CET1 Ratio Of 13.9 Pct At Dec 31, 2019 Forecast Unchanged
Monday, 28 Jan 2019 

Jan 28 (Reuters) - Paragon Banking Group PLC ::TRADING UPDATE.OUR RETAIL DEPOSIT BASE CONTINUES TO GROW, CREATING FURTHER EFFICIENCIES IN OUR FUNDING STRUCTURE.REMAIN CONFIDENT IN OUTLOOK.REMAIN CONFIDENT IN OUTLOOK, BUT WILL MAINTAIN OUR CAPITAL, LIQUIDITY AND BROADER RISK DISCIPLINES.BUY-TO-LET PIPELINE REMAINS STRONG, WITH FOCUS ON PROFESSIONAL LANDLORDS.FROM 1 OCTOBER 2018 TO 31 DECEMBER 2018, NEW BUSINESS FLOWS OF £660 MLN, UP 40.6%.GUIDANCE FOR 2019 PERFORMANCE REMAINS UNCHANGED.DEPOSIT BALANCES NOW TOTAL £5.6 BLN.QTRLY TOTAL MORTGAGES 448.6 MLN STG VS 366.5 MLN STG.GROUP CONTINUES TO SEE GOOD PROGRESS IN EACH OF ITS BUSINESS LINES AND REITERATES GUIDANCE GIVEN AT 2018.DECEMBER BUY-TO-LET PIPELINE STOOD AT £729.1 MLN, WHICH IS 17.8% HIGHER THAN AT DECEMBER 2017.DEBT PURCHASE MARKET REMAINED HIGHLY COMPETITIVE IN QUARTER.WHILE WE CONTINUE TO CONSIDER NEW DEAL FLOW, IDEM CAPITAL MADE NO NEW INVESTMENTS IN QUARTER.PARAGON'S PORTFOLIO METRICS REMAIN STRONG, WITH BUY-TO-LET ARREARS LEVELS OF 9 BASIS POINTS (DECEMBER 2017: 9 BASIS POINTS).VALUE OF OUTSTANDING DEPOSITS RISING TO £5.6 BLN BY END OF QUARTER FROM £5.3 BLN AT END OF SEPTEMBER.NO EVIDENCE OF CONSUMER CREDIT WEAKNESS BEING IDENTIFIED BY GROUP'S BEHAVIOURAL SCORE ANALYSIS.FOR CURRENT YEAR, GROUP WILL BE REPORTING BAD DEBTS USING IFRS9 METHODOLOGY.MARKET DEVELOPMENTS HAVE RESULTED IN SOME MODEST PRICE INFLATION WITHIN DEPOSITS AREA.COMPARED TO YEAR-END POSITION, NET LOAN BALANCES INCREASED BY 1.6% IN Q1 OF NEW FINANCIAL YEAR.  Full Article

Paragon Banking Says H1 Pretax Profit Rose 11.2 Percent
Thursday, 24 May 2018 

May 24 (Reuters) - Paragon Banking Group PLC ::H1 PRETAX PROFIT ROSE 11.2 PERCENT TO 77.2 MILLION STG.INTERIM DIVIDEND 5.5 PENCEPER SHARE.HY UNDERLYING PROFIT BEFORE TAX INCREASED BY 4.7% TO £73.4 MILLION VERSUS £70.1 MILLION.HY STATUTORY PROFIT BEFORE TAX INCREASED BY 11.2% TO £77.2 MILLION VERSUS £69.4 MILLION.HY BUY-TO-LET LENDING PIPELINE UP 6.1% TO £787.6 MILLION VERSUS £742.3 MILLION.HY EPS UP BY 15.6% TO 23.7P.HY MORTGAGE LENDING UP 22.7% TO £721.0 MILLION VERSUS £587.7 MILLION.LENDING FOR YEAR AS A WHOLE WILL CONTINUE TO REMAIN STRONG.  Full Article

Paragon Banking says FY pretax profit rose 1.1 pct
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Paragon Banking Group Plc ::FY PRETAX PROFIT ROSE 1.1 PERCENT TO 144.8 MILLION STG.FINAL DIVIDEND 11 PENCEPER SHARE.TOTAL DIVIDEND 15.7 PENCEPER SHARE.FY ‍UNDERLYING PROFITS ROSE BY 1.0% TO £145.2 MILLION DURING YEAR (2016: £143.8 MILLION)​.‍UK MORTGAGE MARKET IS CURRENTLY FINELY BALANCED AND THERE IS POTENTIAL FOR CONSIDERABLE VOLATILITY​.‍DATA WOULD INDICATE THAT MARKET HAS BEEN MORE ROBUST THAN SOME MEDIA REPORTS WOULD SUGGEST​.‍MORTGAGE TRANSACTIONS HAVE ALSO BEEN ON INCREASE, WITH ADVANCES INCREASING AT A SHARPER RATE THAN HOUSING TRANSACTIONS​.FY ‍UNDERLYING PROFIT ROSE BY 1.0% TO £145.2 MILLION (2016: £143.8 MILLION)​.‍STRENGTH OF FIRST-TIME BUYER SEGMENT, SUPPORTED BY GOVERNMENT'S HELP-TO-BUY SCHEME, IS CLEARLY BOLSTERING HOUSING TRANSACTIONS​.‍HOUSE PRICES ACROSS COUNTRY HAVE SEEN MODEST INCREASES IN PERIOD AND MARKET REMAINS STABLE​.FY ‍EPS UP 6.4% TO 43.1P (2015: 40.5P) AND UNDERLYING ROTE IMPROVED TO 13.4% (2016: 12.9%)​.‍BUY-TO-LET MARKET IN PARTICULAR HAS BEEN DISRUPTED THROUGH A SERIES OF GOVERNMENT AND REGULATORY INTERVENTIONS​.‍FY TOTAL LENDING INCREASED 28.8% TO £1,853.4 MILLION​.FY ‍BUY-TO-LET COMPLETIONS UP 20.6% TO £1,399.9 MILLION​.‍BOARD IS PROPOSING FINAL DIVIDEND OF 11.0 PENCE PER SHARE ​.  Full Article

Paragon Banking buys back 3.6 Mln shares for 15 mln stg
Friday, 29 Sep 2017 

Sept 29 (Reuters) - Paragon Banking Group Plc :‍PARAGON HAS BOUGHT BACK 3,609,860 SHARES FOR A TOTAL COST OF 15 MILLION STG (EXCLUDING EXPENSES)​.‍BRINGS TOTAL COST OF SHARES ACQUIRED UNDER BUY-BACK PROGRAMME (EXCLUDING EXPENSES) SINCE ITS ANNOUNCEMENT IN 2014 TO 165 MILLION STG​.‍COST OF PROGRAMME TO DATE INCLUDING EXPENSES IS 165.3 MILLION STG​.  Full Article

Paragon Banking braces for Brexit as loans rise 20%

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.