| Paragon Banking Group PLC | |
| Type: | Public |
| Industry: | Banking and Finance |
| Foundation: | 1985 |
| Location: | Solihull, West Midlands, United Kingdom |
| Key People: | Robert East, Chairman Nigel Terrington, CEO |
| Revenue: | £1,010.6 million (2023)[1] |
| Operating Income: | £199.9 million (2023) |
| Net Income: | £153.9 million (2023) |
| Homepage: | www.paragonbankinggroup.co.uk/ |
The Paragon Banking Group PLC is one of the United Kingdom's largest providers of mortgages, savings accounts, and business finance. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
The company was established in 1985 as the National Home Loans Corporation.[2] It launched Homeloans Direct in 1995.[3] In 1997 it changed its name to the Paragon Group of Companies.[4] In 2003 it acquired Britannic Money.[5]
In 2014, the Paragon Group of Companies PLC launched Paragon Bank which offers a range of internet-based savings accounts and a range of lending products.[6]
In 2017, it changed its name to Paragon Banking Group PLC, as part of becoming a "fully integrated banking business".[7]
In 2018, Paragon Banking Group completed a £48m takeover of residential lender Titlestone Property Finance.[8]
The company is based in Solihull and offers lending to landlords and businesses and also offers savings accounts to consumers.[9]