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Paragon Banking Group PLC

PARA.L

Latest Trade

502.50GBp

Change

-1.50(-0.30%)

Volume

314,711

Today's Range

499.80

 - 

505.50

52 Week Range

379.20

 - 

509.50

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Dimensional Fund Advisors Discloses 5% Stake In Paragon Banking

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

Paragon Banking Says Taken Precautions Due To Political, Economic Uncertainties

July 23 (Reuters) - Paragon Banking Group PLC <PARA.L>::TRADING UPDATE.CONTINUES TO OPERATE IN LINE WITH BOARD'S EXPECTATIONS.STRONG NEW LENDING - £1.90 BILLION YEAR-TO-DATE (2018: £1.58 BILLION SAME PERIOD IN 2018).YTD MORTGAGES £1.19 BILLION (2018: £1.13 BILLION).YTD COMMERCIAL LENDING £0.71 BILLION (2018: £0.45 BILLION).YTD NET INTEREST MARGIN CONTINUES TO IMPROVE.FY LENDING VOLUME GUIDANCE REMAINS UNCHANGED.EXPECTS ITS NET INTEREST MARGIN FOR FULL-YEAR IN 2019 TO BE ABOVE 2.24% LEVEL REPORTED IN ITS HALF-YEAR RESULTS.GIVEN ONGOING POLITICAL AND ECONOMIC UNCERTAINTIES PRECAUTIONARY PREPARATIONS HAVE BEEN MADE.GIVEN ONGOING POLITICAL AND ECONOMIC UNCERTAINTIES A TIGHT RISK APPETITE WILL BE MAINTAINED.

Paragon Banking Group Basic Cet1 Of 13.7% (2018 H1 15.5%)

May 22 (Reuters) - Paragon Banking Group PLC <PARA.L>::GROWTH IN LENDING VOLUMES OF 30.2% TO £1,289.2 MILLION.UNDERLYING PROFITS UP 8.7% TO £79.8 MILLION.BASIC CET1 OF 13.7% (2018 H1: 15.5%).INCREASED INTERIM DIVIDEND UP 27.3% TO 7.0 PENCE PER SHARE.8 BASIS-POINT IMPROVEMENT IN NIM TO 224 BASIS POINTS.AN ANOMALOUS MOVEMENT IN SWAP RATES DURING MARCH, FUELLED BY BREXIT-RELATED UNCERTAINTIES, RESULTED IN A FAIR VALUE CHARGE OF £7.8 MILLION FOR PERIOD.

Dividebuy Secures Over 60 Mln stg Of Equity Investment, Debt Financing

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

Paragon Banking Says IFRS 9 Transition To Increase Impairment Provision Of About 27 Mln stg

March 20 (Reuters) - Paragon Banking Group PLC <PARA.L>::PARAGON BANKING GROUP PLC - TRANSITION TO IFRS 9 WILL RESULT IN AN INCREASE IN IMPAIRMENT PROVISION OF APPROXIMATELY £27 MILLION AT 1 OCTOBER 2018.

PIRC Recommends Vote Against Share Repurchase Authorisation For Paragon Banking

Feb 12 (Reuters) - PIRC::PROXY ADVISORY FIRM PIRC RECOMMENDS TO VOTE AGAINST AUTHORISATION OF SHARE REPURCHASE FOR PARAGON BANKING GROUP PLC.PROXY ADVISORY FIRM PIRC RECOMMENDS TO VOTE AGAINST ISSUING SHARES FOR CASH FOR FINANCING ACQUISITION OR OTHER CAPITAL INVESTMENT FOR PARAGON BANKING.PIRC SAYS RECOMMENDS SHAREHOLDERS TO VOTE AGAINST PROPOSAL TO AMEND EXISTING LONG TERM INCENTIVE PLAN FOR TIGER BRANDS.PROXY ADVISORY FIRM PIRC RECOMMENDS SHAREHOLDERS VOTE AGAINST TIGER BRANDS REMUNERATION REPORT AT AGM.PIRC SAYS RECOMMENDS SHARESHOLDERS TO VOTE AGAINST PROPOSAL TO APPROVE FINANCIAL ASSISTANCE FOR TIGER BRANDS.PROXY ADVISORY FIRM PIRC RECOMMENDS SHAREHOLDERS ABSTAIN FROM VOTING ON APPROVAL OF REMUNERATION REPORT FOR PARAGON BANKING GROUP.

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

Jan 28 (Reuters) - Paragon Banking Group PLC <PARA.L>::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.

Paragon Banking CET1 Ratio Rises Slightly To 13.9 Pct Dec End

Jan 28 (Reuters) - Paragon Banking Group PLC <PARA.L>::PARAGON BANKING GRP - TRADING UPDATE.PARAGON BANKING GROUP PLC - OUR RETAIL DEPOSIT BASE CONTINUES TO GROW, CREATING FURTHER EFFICIENCIES IN OUR FUNDING STRUCTURE.PARAGON BANKING GROUP PLC - REMAIN CONFIDENT IN OUTLOOK.PARAGON - REMAIN CONFIDENT IN OUTLOOK, BUT WILL MAINTAIN OUR CAPITAL, LIQUIDITY AND BROADER RISK DISCIPLINES.PARAGON BANKING GROUP PLC - BUY-TO-LET PIPELINE REMAINS STRONG, WITH FOCUS ON PROFESSIONAL LANDLORDS.PARAGON BANKING GROUP PLC - FROM 1 OCTOBER 2018 TO 31 DECEMBER 2018, NEW BUSINESS FLOWS OF £660 MILLION, UP 40.6%.PARAGON BANKING GROUP PLC - GUIDANCE FOR 2019 PERFORMANCE REMAINS UNCHANGED.PARAGON BANKING GROUP PLC - DEPOSIT BALANCES NOW TOTAL £5.6 BILLION.PARAGON BANKING GROUP PLC - GROUP CONTINUES TO SEE GOOD PROGRESS IN EACH OF ITS BUSINESS LINES AND REITERATES GUIDANCE GIVEN AT 2018.PARAGON BANKING GROUP PLC - DECEMBER BUY-TO-LET PIPELINE STOOD AT £729.1 MILLION, WHICH IS 17.8% HIGHER THAN AT DECEMBER 2017.PARAGON BANKING GROUP PLC - QTRLY TOTAL MORTGAGES 366.5 MILLION STG VERSUS 448.6 MILLION STG.PARAGON BANKING GROUP PLC - DEBT PURCHASE MARKET REMAINED HIGHLY COMPETITIVE IN QUARTER.PARAGON BANKING GROUP PLC - WHILE WE CONTINUE TO CONSIDER NEW DEAL FLOW, IDEM CAPITAL MADE NO NEW INVESTMENTS IN QUARTER.PARAGON BANKING GROUP PLC - PARAGON'S PORTFOLIO METRICS REMAIN STRONG, WITH BUY-TO-LET ARREARS LEVELS OF 9 BASIS POINTS (DECEMBER 2017: 9 BASIS POINTS).

Paragon Banking Group FY Pretax Profit Rose 25.3 Percent To 181.5 Million Stg

Nov 21 (Reuters) - Paragon Banking Group PLC <PARA.L>::FY PRETAX PROFIT ROSE 25.3 PERCENT TO 181.5 MILLION STG.FY UNDERLYING PROFIT BEFORE TAX INCREASED BY 7.8% TO £156.5 MILLION.FY NET INTEREST MARGIN INCREASED BY 8 BASIS POINTS TO 2.21% (2017: 2.13%).DIVIDEND PER SHARE UP BY 23.6% TO 19.4P (2017: 15.7P), IN LINE WITH POLICY ANNOUNCED IN NOVEMBER 2017.FY BUY-TO-LET LENDING PIPELINE UP 28.9% TO £778.9 MILLION (2017: £604.2 MILLION).PARAGON - ENTERS 2019 WITH A STRONG NEW BUSINESS PIPELINE, IS WELL POSITIONED IN ITS CHOSEN MARKETS AND EQUIPPED WITH HIGH LEVELS OF LIQUIDITY.PARAGON- DESPITE POTENTIAL FOR ECONOMIC UNCERTAINTIES ARISING FROM BREXIT AND ELSEWHERE, GROUP REMAINS CONFIDENT OF ITS FUTURE PROSPECTS.SEEKS TO MITIGATE ITS EXPOSURE TO BREXIT THROUGH A ROBUST APPROACH TO PROPERTY VALUATION.

Paragon Banking Sees 25 Pct Higher Buy-To-Let Pipeline At Sept End

Sept 18 (Reuters) - Paragon Banking Group PLC <PARA.L>::PARAGON BANKING GRP - TRADING UPDATE.PARAGON BANKING GROUP PLC - REITERATES GUIDANCE GIVEN AT HALF YEAR IN RESPECT OF VOLUMES, MARGINS AND COSTS.PARAGON BANKING GROUP PLC - BUSINESS CONTINUES TO OPERATE IN LINE WITH BOARD'S EXPECTATIONS.PARAGON BANKING GROUP PLC - BUSINESS CONTINUES TO OPERATE IN LINE WITH BOARD'S EXPECTATIONS.PARAGON BANKING GROUP PLC - BUSINESS CONTINUES TO OPERATE IN LINE WITH BOARD'S EXPECTATIONS.PARAGON BANKING GROUP PLC - HAS MADE FURTHER PROGRESS ON GROWING ITS RETAIL DEPOSIT BASE, WHICH NOW EXCEEDS £5 BILLION..PARAGON BANKING GROUP PLC - IDEM CAPITAL, PARAGON'S PORTFOLIO PURCHASE DIVISION HAS DISPOSED OF A PORTFOLIO OF WHOLESALE FUNDED ASSETS FOR A PREMIUM.PARAGON BANKING - BUY-TO-LET PIPELINE AT 30 SEPTEMBER 2018 IS EXPECTED TO BE OVER 25% ABOVE LEVEL REPORTED AT 30 SEPTEMBER 2017.PARAGON BANKING GROUP PLC - BULK OF REMAINING IDEM ASSETS WILL BE TRANSFERRED TO PARAGON BANK.PARAGON BANKING GROUP PLC - UNDERLYING PROFITS FOR 2018 REMAIN IN LINE WITH BOARD'S EXPECTATIONS.PARAGON BANKING GROUP PLC - IDEM DISPOSAL WILL HAVE A FAVOURABLE ONE-OFF IMPACT OF CIRCA 7 PENCE PER SHARE ON REPORTED EARNINGS FOR 2018.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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