Meet Paragon Bank
As part of our Meet the Bank series, we find out more about our partner banks, and hear more about their values, the challenges they face, and what makes them different.
About Paragon Bank
Paragon is a specialist banking group. We offer a range of savings products and provide finance for landlords, small businesses and property developers in the UK. Listed on the London Stock Exchange, we are a FTSE 250 company headquartered in Solihull, employing almost 1,450 people.
🕰️ Established in: 1985
🏠 Based in: Solihull, West Midlands UK
🏢 Offices: London, Cardiff, Edinburgh, Leeds, Newcastle, Southampton & Solihull
🧍♂️ Number of employees: 1,450
❤️ Raisin UK partner since: 2021
🏆 Awards (2021):
· Leasing World – 2021 – SME Specialist of the Year
· Moneyfacts – 2021 – Best Internet Account Provider
· Savings Champion – 2021 – Best Cash ISA Provider
🦮 Charity work:
Each year, Paragon’s employees select a Charity of the Year to fundraise for and support. Over the last 20 years, employees have raised over £250,000 for their chosen charities which have included Macmillan Cancer Support, The Alzheimer’s Society and Birmingham Children’s Hospital.
What makes your bank unique?
We are a specialist bank. This means we focus on lending to customers in residential mortgage and commercial lending markets that are under-served by the bigger banks. Established but energetic, we use our specialist lending knowledge and expertise to help our customers – including landlords, small businesses and property developers – achieve their ambitions.
What are your bank’s core values?
Our strong and unique culture is underpinned by eight values. These values guide how we work together to achieve our goals and let our customers know what to expect when they do business with us. Our values are:
fairness, integrity, respect, professionalism, commitment, teamwork, creativity, humour
What are the biggest changes and challenges that your bank has faced in the last two years?
During the last two years, the pandemic has presented wide-ranging challenges for individuals and organisations and we have pulled together to protect our people, support our customers and suppliers, safeguard our capital base and preserve the long-term value of the bank.
What are the benefits of your bank working with Raisin UK?
Working with Raisin UK means we can extend our safe, simple and straightforward savings products to a wider range of customers, letting them benefit from our consistently competitive rates.
What new trends in banking and finance do you predict we will see in the next 12 months?
We expect the pace of digitalisation in banking will continue to increase over the next 12 months and we will be working on a range of exciting initiatives to further enhance products and services. We’re also very excited to work on lending initiatives which will encourage our customers to invest in green technology, helping the UK move towards its ambition to reduce greenhouse gas emissions to net zero by 2050.
Finally, tell us something about your bank that customers would be interested to know.
In 2021, we published our first ever Responsible Business Report, demonstrating how sustainability is embedded across Paragon and charting the actions we’re taking in areas where we believe we can make the greatest impact. You can read it here.
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