Paragon continued to diversify its lending and savings products.
Whilst buy-to-let mortgages were again the mainstay of new lending, new product categories comprised almost 30% of total advances.
Paragon Bank launched ISAs and retail savings deposits reached £1,873.9 million.
During the year the Group completed its 62nd securitisation deal PM24.
In the summer the Group launched its third retail bond to the market raising £112.5 million.
The Group successfully completed the acquisition of Five Arrows Leasing Group from Rothschild & Co for £117.0 million.
On 18 February the Group launched its banking subsidiary, Paragon Bank
Annual results for the year showed Paragon Mortgages recorded an 82% increase in lending
During November the Group completed its 59th securitisation deal - PM21
Record pre-tax profits reported of £122.2 million
Idem Capital completed its ninth acquisition, a portfolio of unsecured consumer loans worth £13.5 million from HSBC
The Group launched its first retail bond, raising £60 million
The Group announced the signing of a new £200 million warehouse facility, provided by Lloyds Bank, and the renewal of the existing warehouse with Macquarie
The Group completed its first securitisation since 2007 and the first UK post-credit crunch transaction consisting exclusively of buy-to-let assets
Idem Capital acquired six loan portfolios, either directly or co-invested, with a total investment of £89.5 million
The Group announced a return to new lending with a range of fixed and tracker rate buy-to-let products
The Group successfully managed its £9.3 billion portfolio of assets in difficult market conditions, producing an arrears performance significantly better than the industry average
The Group successfully completed a Rights Issue – with no corporate debt to repay until 2017
The Group recorded underlying profits of £66.9 million
Non-executive director Bob Dench replaced Jon Perry as Chairman in February
The Group expanded its market share of the buy-to-let market from 8% to 10% and recorded profits of £82.8 million and assets under management of £8.4 billion
The Group completed the acquisition of Britannic Money, which is rebranded Mortgage Trust, consolidating its position in the buy-to-let market
The Group expanded its activities in the consumer finance market with the acquisition of Universal Credit from Lloyds TSB for £25 million
Paragon was awarded the Investors in People accreditation
The Group launched its first buy-to-let product
Nigel Terrington appointed as Chief Executive
Paragon Group was founded