In the last three months of the year, monthly loans were £283.2 million, with average loans a year ago growing by 21.6% and expected to receive better 2025 “by higher consumer and government spending drive”.
Over the past 12 months, loan books for professional property lenders have risen 13.2% to £7.7 billion in 2024 and have increased to the end of December in a trading table for the quarter.
It announced a pre-tax profit of £48.3 million, up 1.3% a year ago.
During this period, Richard Rowntree (pictured) joined the group CEO of Paragon Bank in September and took John Barker in October ) promoted to CEO of Personal Finance and Chris Adams and promoted him to Chief Financial Officer in October.
In November, the company raised its laboratory securitization facility from £825 million to £1 billion and extended its maturity to 2028.
“The expectation is that the UK economy is expected to perform better in 2025, driven by higher consumer and government spending and continued lower interest rates, although the rate of interest rate decline may be limited by continued inflation,” said Rounterry. .”
