Paragon Banking Group Plc

Paragon Banking Group PLC, formerly The Paragon Group of Companies PLC, is engaged in financial services business. The Company operates as an independent buy-to-let lender, and as a debt purchaser through its Idem Capital division, where it purchases, co-manages and services secured and unsecured consumer loan portfolios. It operates through three segments: Paragon Mortgages, Idem Capital and Paragon Bank. The Paragon Mortgages segment includes revenue, in the form of interest and ancillary income, from its first mortgage operations, and from other assets remaining in legacy consumer portfolios. The Idem Capital segment includes revenue generated from assets purchased by its debt investment business, Idem Capital Holdings Limited and third-party loan administration activity. The Paragon Bank segment includes revenue generated from its regulated banking business, Paragon Bank PLC and its subsidiaries, including the acquired asset finance companies.