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Customer deposits are re-invested into the economy by Paragon’s asset finance division, helping businesses in Britain covering a diverse range of industries, including:
Paragon have been instrumental in supporting many businesses such as Emerson Care Ltd with their five-year plan to grow their business. They purchased two new Liebherr Cranes – 130 tonne and 450 tonne machines which enabled the company to expand its current fleet range. This helped them to enter new markets and remain competitive in the crane industry. Other deals include enabling DSR Demolition in Rotherham to equip its business with excavators.
Richard Doe, Managing Director - Savings at Paragon
This is another milestone for the savings side of the business and we feel honoured that in a short time so many people have trusted us with their savings. We have not only reached £5 billion in deposits but also become a trusted name with consumers who want consistency. That matters to us as a smaller, specialist bank that cares about its customers.We also feel proud that money from our savings accounts can fund a wide variety of businesses and play a part in supporting Britain’s economy.
Paragon’s savings division in numbers:
Iceberg and Specialist Fleet Services are both entities of Paragon Banking Group.
Head officeParagon51 Homer RoadSolihullWest MidlandsB91 3QJ
Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551