Paragon is one of the biggest financial institutions in the United Kingdom, specializing in the provision of mortgages and personal loans. The company came into being in 1985 as National Home Loans Corporation. It changed its name to the Paragon Group of companies in 1997.
Paragon Group of companies unveiled Paragon Bank in 2014, paving the way for it to start offering a range of internet-based savings accounts and lending products. As a specialist finance provider, Paragon Banking Group offers a wide range of savings and lending products. The company’s core business also involves the management of loan portfolios through its subsidiary idem capital.
The company employs over 1,300 employees that services over 1.5 million customer accounts. The company has a portfolio of £12.3 billion in assets under management. It also boasts of over £5 billion in savings deposits.
The finance provider has its stock listed on the London Stock Exchange and is a constituent of the FTSE 250 index.