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Though new lending declines, Paragon's quarterly trading meets expectations.
Paragon Banking Group has announced that its first-quarter performance is in line with board expectations and has reiterated its full-year guidance.
The U.K. property-and-business lender reported new lending for the quarter ended Dec. 31 at £610.7 million, down from £861.7 million in the same period last year.
Paragon's CEO, Nigel Terrington, expressed optimism for the remainder of the year, citing robust margins, resilient credit performance, and improved sentiment.
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Aunque los nuevos préstamos disminuyen, las operaciones trimestrales de Paragon cumplen con las expectativas.