Paragon Banking Group PLC ( (GB:PAG) ) has provided an update.
Paragon Bank PLC has launched a £5 billion Covered Bond Programme, approved by the Financial Conduct Authority, to diversify its wholesale funding options. This strategic move positions Paragon among a select group of UK banks and building societies authorized to issue covered bonds, leveraging its extensive securitisation experience to enhance its market offerings.
More about Paragon Banking Group PLC
Paragon Banking Group PLC operates in the financial services industry, primarily focusing on banking services through its subsidiary, Paragon Bank PLC. The company has a strong presence in the mortgage-backed securities sector, having completed numerous transactions since 1987.
YTD Price Performance: 5.98%
Average Trading Volume: 502,778
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.51B
See more data about PAG stock on TipRanks’ Stock Analysis page.