REG - Vanquis Banking Grp - Motor Finance Redress Schemes Update

Vanquis BankingAnnouncement

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RNS Number : 9226B  Vanquis Banking Group PLC  27 April 2026

 

Vanquis Banking Group plc ("the Company")

 

Motor Finance Redress Schemes Update

 

27 April 2026: Vanquis Banking Group plc ("the Group" or "Vanquis") confirms
that it will not challenge the Financial Conduct Authority's Motor Finance
Redress Schemes and is focused on implementation.

 

The Group did not participate in discretionary commission arrangements or
operate tied selling arrangements and is therefore not in scope for these
elements of the Schemes.

 

The previously disclosed £3.0 million provision in respect of this matter
remains unchanged.

 

The Group remains committed to ensuring appropriate redress to customers where
loss has occurred.

 

Vanquis intends to release its 1Q26 trading statement on 6 May.

 

Enquiries

Analysts and shareholders

James Cranstoun, Head of Investor Relations

james.cranstoun@vanquis.com (mailto:james.cranstoun@vanquis.com)

+44 (0) 7766 937 406

 

Media

Scott Mowbray, Head of Group External Communications

scott.mowbray@vanquis.com (mailto:scott.mowbray@vanquis.com)

+44 (0) 7834 843 384

 

Victoria Ainsworth, Senior Director (Hawthorn Advisors)

vanquis@hawthornadvisors.com (mailto:vanquis@hawthornadvisors.com)

+44 (0) 7894 995 886

 

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