Paragon Banking

Paragon confirms all forecasts from its half-year results and signals that short-term margin trends could develop better than expected. Loan growth in the quarter was 3.0% year-on-year, deposits fell by around £200m, and the pro-forma CET1 ratio was 13.6–13.7% including an SFS disposal effect. The bank is building teams for agricultural customers and bridge financing, which could boost loan growth by about one percentage point over the next two years. » Więcej na de.investing.com

Paragon Banking Group has appointed Andrew Stewart and Rebecca McNeil as non-executive directors with effect from 1 October 2026. Stewart will be a member of the audit and risk-and-compliance committees, while McNeil will join the nominations and risk-and-compliance committee. The appointments are part of succession planning; at the same time Graeme Yorston and Barbara Ridpath will retire on 30 September 2026 after nine years. » Więcej na de.investing.com

Paragon Banking Group has cancelled 8 million of its own shares, representing 4.25% of the voting rights. After the cancellation, 1,162,909 own shares remain (0.62% of the voting rights). Issued shares now total 189,404,960 and total voting rights 188,242,051; this figure can serve as the denominator for shareholders’ disclosure obligations to the FCA. » Więcej na de.investing.com