Paragon Bank Plc

Business Focus
retail banking

Founded in 1985, Paragon Bank is a British bank, operating in the United Kingdom and providing savings and lending products to private individuals.

Services

retail banking
business banking

Clients

private individuals
companies

Area Served

GBUnited Kingdom

Products

savings accounts
time deposit accounts
ISA accounts
personal loans
car loans
mortgage loans

Account Opening

Becoming a client of Paragon Bank Plc can be done in a few steps:

1.
Submit online application

Due to regulatory requirements Paragon Bank Plc performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Paragon Bank Plc will ask him/her to provide the following documents: passport or ID card; utility bill. For corporate clients Paragon Bank Plc will ask to provide corporate documentation as well as information about controlling persons. Paragon Bank Plc may request additional documentation or information depending on the case.

Ways to Bank

Paragon Bank Plc delivers its products and services via direct (online) channels only, namely:
online banking

Financials

Total Assets of Paragon Bank Plc
Annual_profit of Paragon Bank Plc
Market Share of Paragon Bank Plc
Total Assets (2018)
7,488.86 mln GBP  (+52.39%)
Annual Profit (2018)
156.43 mln GBP  (+785.29%)

Paragon Bank Plc is the 45th largest bank in the United Kingdom in terms of total assets. In 2018 its total assets were 7 488,86 mln GBP, providing the bank with the market share of 0.08%. In 2018 the bank's annual profit was 156,43 mln GBP.

Deposit Guarantee

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

Paragon Bank Plc participates in the deposit guarantee scheme of the United Kingdom. This deposit guarantee scheme 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. Paragon Bank Plc is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.

Contacts

Paragon House, 51 Homer Road, B91 3QJ, Solihull, United Kingdom
44 1217126784

Paragon Bank Plc is headquartered in Solihull.

Bank Identifiers

BIC (SWIFT)
PRGNGB22XXX
LEI
213800ZD686TR7FEP983
Company Number
05390593
MFI ID
GB2038

Bank Supervision

Supervised By
Financial Conduct Authority
Reference Number
604551

Paragon Bank Plc is authorized and supervised by the Financial Conduct Authority (reference number 604551).

Bank History

Start Date
March 2005

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Banking Products in the United Kingdom

See Also

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