Completion of Sale of vehicle and fleet subsidiary
Summary by AI BETAClose X
Paragon Banking Group PLC has completed the sale of its subsidiary, Specialist Fleet Services Limited, to NRG Fleet Services Limited. This transaction is expected to increase Paragon's net tangible assets by approximately £40 million and boost its Common Equity Tier 1 (CET1) ratio by 0.5%.
Paragon Banking Group PLC
10 July 2026
RNS ANNOUNCEMENT
Friday 10 July 2026
PARAGON BANKING GROUP PLC
Sale of vehicle and fleet subsidiary
Following the announcement on 22 June 2026, Paragon Banking Group PLC today announces the completion of the sale of its subsidiary, Specialist Fleet Services Limited to NRG Fleet Services Limited, adding around £40 million to its net tangible assets and 0.5% to CET1.
For further information, please contact:
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Paragon Banking Group PLC |
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Nigel Terrington, Chief Executive |
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Richard Woodman, Chief Financial Officer |
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Tel: 0121 712 3161 |
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Paragon will be releasing its full year results for the twelve months to 30 September 2026 on Tuesday 1 December 2026.
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