Paragon Banking Group

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The Paragon Banking Group is a financial institution based in the United Kingdom. It was founded in 1985 and is listed on the London Stock Exchange. The company is primarily focused on providing specialist lending and savings products to individuals and businesses.
The Paragon Banking Group has four core divisions: Paragon Mortgages, Paragon Bank, Idem Capital and Paragon Car Finance. Paragon Mortgages offers buy-to-let mortgages, while Paragon Bank provides savings and investment products. Idem Capital specializes in purchasing and servicing consumer loan portfolios. Paragon Car Finance provides car finance solutions to consumers.
The company has a strong emphasis on responsible lending and has a dedicated team focused on assessing and managing risk. It also has a strong commitment to customer service and has won several awards for its products and services.
The Paragon Banking Group is headquartered in Solihull, UK and has offices in London, Manchester, and Edinburgh. As of 2020, the company has over 1,300 employees and manages assets worth over £14 billion.
Overall, the Paragon Banking Group is a reputable financial institution known for its specialist lending and savings products, responsible lending practices, and commitment to providing excellent customer service.

1. Focus on specialist lending: Paragon Banking Group focuses on niche or specialist markets in the lending industry, such as buy-to-let mortgages, asset finance, and consumer lending. This sets them apart from traditional banks that cater to a wide range of customers.
2. Long-standing history: The company has a long history dating back to 1985 when it was established. This gives them a solid foundation and a wealth of experience in the financial industry.
3. Strong financial performance: Despite economic downturns and market changes, Paragon Banking Group has consistently delivered strong financial performance, generating significant profits and dividends for shareholders.
4. Customer-centric approach: The company places a strong emphasis on providing excellent customer service and building long-term relationships with its clients. This has helped them establish a loyal customer base and maintain a good reputation in the market.
5. Innovation and technology: Paragon Banking Group has consistently invested in technology and innovation to improve its products and services, making it a leader in its niche markets. This forward-thinking approach has enabled the company to stay ahead of its competitors.
6. Ethical practices: The company has a strong commitment to ethical practices, evident in its responsible lending policies and social responsibility initiatives. This has helped it build trust and credibility with customers and stakeholders.
7. Strong leadership: Paragon Banking Group has a strong and experienced leadership team that has guided the company through various market cycles and challenges. This leadership has been critical in the company's success and growth.

The Paragon Banking Group is a UK-based specialist financial services group, primarily focused on buy-to-let mortgage lending, consumer finance, and asset finance. Its business model is centered around offering tailored financial solutions to customers across a range of markets and products, with a strong focus on specialist lending.
The company's core business operations include:
1. Buy-to-Let Mortgages: Paragon specializes in providing mortgages for landlords and property investors, with a focus on residential investment property.
2. Asset Finance: Paragon offers asset finance solutions, such as leasing and hire purchase, to individuals and businesses looking to acquire assets such as vehicles, equipment, and machinery.
3. Consumer Finance: Paragon provides personal loans and credit cards through its subsidiary, Idem Capital, to customers with less-than-perfect credit.
4. Savings and Deposits: Paragon offers a range of savings and deposit products, including fixed-rate and easy-access accounts, to individuals and businesses.
In addition to these core operations, the company also offers a range of other financial services, including property development finance, vehicle finance, and commercial mortgages.
The Paragon Banking Group business model is based on a combination of prudent lending practices, customer-focused service, and technological innovation. The company places a strong emphasis on building long-term relationships with its customers and maintaining a diversified loan portfolio.
Paragon also has a strong focus on risk management and employs rigorous credit assessment and monitoring processes to ensure the quality of its loan book. Its business model has proven to be successful, with the company reporting consistent growth and profitability in recent years.

1. Paragon Banking Group is a UK-based specialist banking and financial services company.
2. It was founded in 1985 and is headquartered in Solihull, West Midlands, England.
3. The company was originally known as National Home Loans Corporation plc and focused on providing residential mortgages.
4. In 1993, the company changed its name to Paragon Mortgages and expanded its services to buy-to-let mortgages.
5. In 2007, Paragon acquired the specialist lender, Advantage Home Loans, which further diversified its portfolio.
6. In 2014, the company rebranded as Paragon Banking Group to reflect its expanding range of services.
7. Today, Paragon Banking Group consists of four operating businesses: Paragon Bank, Paragon Mortgages, Idem Capital, and Paragon Car Finance.
8. The company has over 1 million customers and manages more than £12 billion in assets.
9. Paragon is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
10. In 2019, Paragon Banking Group was ranked as the second largest buy-to-let lender in the UK.
11. The company has received several industry awards, including Specialist Lender of the Year at the 2020 Mortgage Strategy Awards and Best Savings Provider at the 2020 YourMoney.com Awards.
12. Paragon Banking Group is also committed to corporate social responsibility, supporting various charities and initiatives, such as the Princes Trust and the Midlands Air Ambulance Charity.
13. In addition to its financial services, Paragon also has a business services division that offers IT and human resources support to other companies.
14. The company has a strong focus on digital transformation and has invested in cutting-edge technology to improve its processes and services for customers.
15. Paragon Banking Group has a strong track record of financial performance, with consistent growth in profits and value for shareholders.
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