Motor Finance Redress Schemes Update

Summary by AI ^BETAClose X

Vanquis Banking Group plc has confirmed it will not challenge the Financial Conduct Authority's Motor Finance Redress Schemes and is focusing on implementation, noting it was not involved in discretionary commission or tied selling arrangements. The previously disclosed £3.0 million provision for this matter remains unchanged, and the company is committed to providing appropriate customer redress. Vanquis also intends to release its first quarter 2026 trading statement on May 6th.

Disclaimer*

Vanquis Banking Group PLC

27 April 2026

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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

+44 (0) 7766 937 406

Media

Scott Mowbray, Head of Group External Communications

scott.mowbray@vanquis.com

+44 (0) 7834 843 384

Victoria Ainsworth, Senior Director (Hawthorn Advisors)

vanquis@hawthornadvisors.com

+44 (0) 7894 995 886

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