Paragon Banking falls on weak margin outlook, higher impairments

Paragon Banking

03/12/2025 09:25

** Paragon Banking Group PAGPA.L falls 6.2% to 792p; among top losers on FTSE mid-caps .FTMC, which is down 0.16%

** Co forecasts FY26 Net Interest Margin (NIM) of 290-300 basis points, below analysts' estimates

** Flags provision of 25.5 million pounds ($33.8 million) for redress from motor finance claims; reports 71% jump in impairment at FY25 end

** Jefferies says stronger FY results likely to be overshadowed by NIM guidance, higher impairments in development finance portfolio

** YTD, PAGPA rises 4.91%

($1 = 0.7553 pounds)

 (Reporting by Tuhina in Bengaluru)

 ((Tuhina@thomsonreuters.com))