Virgin Money Plc

Anna MileikoCreated by Anna Mileiko

Virgin Money Plc Logo

Address

Northern Rock House, Gosforth, NE3 4PL, Newcastle-Upon-Tyne, United Kingdom

BIC

NRNBGB22XXX

Overview

Category

Commercial banks

Business Focus

retail banking

Virgin Money a member of Virgin Group which provides a range of financial products including current and savings accounts, investments, mortgages, payment cards, insurance and pensions. On 21 October 2019, the business of Virgin Money plc was transferred to Clydesdale Bank PLC.

Performance

In 2020, Virgin Money Plc achieved the position of 207th largest bank in the United Kingdom with a market share of 0.00%; its total assets dropped by 92.14%.

Deposit Protection

Deposits up to 85,000 GBP are covered by the United Kingdom's deposit guarantee scheme in Virgin Money Plc.

Services

retail banking

Clients

individuals
companies

Area Served

GBUnited Kingdom

Products

current accounts
prepaid cards
credit cards
savings accounts
time deposit accounts
ISA accounts
stocks and shares ISAs
unit trusts
life insurance
travel insurance
mortgage loans
personal pensions
workplace pensions
children’s pensions
travel money

Ways to Bank

Virgin Money Plc delivered its products and services through both direct and indirect channels, namely:
Virgin Money Plc Ways to Bank
online banking online banking
retail store retail store

Common Shares

Listed Entity
VIRGIN MONEY UK PLC
ISIN
GB00BD6GN030
Stock Exchange
London Stock ExchangeLondon Stock Exchange (XLON)
Ticker
VMUK

See Also

Financials

Total Assets of Virgin Money Plc
Annual_profit of Virgin Money Plc
Market Share of Virgin Money Plc
Total Assets (2020)
10.00 mln GBP   (-92.14%)
Annual Profit (2020)
0.00 GBP
Number of Employees (2020)
0

Virgin Money Plc was the 207th largest bank in the United Kingdom in terms of total assets. In 2020 its total assets were 10,00 mln GBP, providing the bank with the market share of 0.00%. In 2020 the bank's annual profit was 0,00 GBP. Virgin Money Plc had 0 employees in 2020.

Credit Ratings

Fitch: BBB+
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: -
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

Virgin Money Plc is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB+ (good credit quality).

Deposit Guarantee

Guarantee Fund
Financial Services Compensation Scheme (FSCS)Financial Services Compensation Scheme (FSCS)
Protected Amount
up to 85,000 GBP
Eligible Depositors
private individuals
companies
Covered Accounts
current accounts
savings accounts
time deposit accounts

Virgin Money Plc participates in the deposit guarantee scheme of the United Kingdom which applies to current accounts, savings accounts, time deposit accounts made by private individuals, companies and covers up to up to 85,000 GBP per bank per depositor. Virgin Money Plc is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.

See Also

Contacts

addressNorthern Rock House, Gosforth, NE3 4PL, Newcastle-Upon-Tyne, United Kingdom
phone+44 08456008401
websitehttps://uk.virginmoney.com/

Virgin Money Plc was headquartered in Newcastle-Upon-Tyne.

Social Networks

Virgin Money Plc has profiles at the following social networks:

Bank Identifiers

BIC (SWIFT)
NRNBGB22XXX
LEI
213800NISCV8CQI6LW27
Company Number
06952311
MFI ID
GB2000

Bank Supervision

Supervised By
Financial Conduct Authority
Reference Number
503963

Virgin Money Plc was authorized and supervised by the Financial Conduct Authority (reference number 503963).

Bank History

Start Date
July 2009
Close Date
May 2021
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