Strong Growth For Paragon’s Commercial Lending Division

Strong Growth For Paragon’s Commercial Lending Division
Paragon’s Commercial Lending division led new business growth for the banking group over the past year, Group annual results revealed today.The Commercial Lending division, which includes development finance, SME lending, structured lending and motor finance, reported a 36% increase in new lending volumes to £968 million and a 28% expansion in the loan book to £1.45 billion.Overall, underlying profits for the Group increased by 5% to £164 million for the twelve months to 30 September 201...

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