Virgin Money PLC

Virgin Money is a UK Challenger Bank.
It has grown after buying Northern Rock, the bank made famous in 2007 with the famous bank run, under the ill-fated leadership of Adam Applegarth

http://uk.virginmoney.com/virgin/investor-relations/

Interesting to see it has many funding vehicles.

http://uk.virginmoney.com/virgin/investor-relations/debt-investors/global-medium-term-note-programme/global-medium-term-note-programme-terms/

£3,000,000,000 (that is £3bn) to raise cash from investors for its business, such as creating mortgages and loans.

A major securitisation programme where its loans are securitised and then sold on

http://uk.virginmoney.com/virgin/investor-relations/securitisation/mortgages.jsp

The shares are traded on the London Stock Exchange

http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=30497650

£1.3 Billion is the market capitalisation.

The results are interesting

http://uk.virginmoney.com/virgin/investor-relations/results/virgin-money-q3-2015-trading-update.pdf

Mortgage Lending at £5.5 billion
Credit Card lending at £1.4 billion
Retail deposits at £23.7 billion

One can see it is has a small loan base compared to its deposits from savers, this was not the case under the previous leadership.

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