{"id":1462,"date":"2016-02-24T02:31:36","date_gmt":"2016-02-24T02:31:36","guid":{"rendered":"http:\/\/asadkarim.co.uk\/?p=1462"},"modified":"2016-01-22T15:33:23","modified_gmt":"2016-01-22T15:33:23","slug":"virgin-money-plc","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=1462","title":{"rendered":"Virgin Money PLC"},"content":{"rendered":"

Virgin Money is a UK Challenger Bank.
\nIt 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<\/p>\n

http:\/\/uk.virginmoney.com\/virgin\/investor-relations\/<\/a><\/p>\n

Interesting to see it has many funding vehicles.<\/p>\n

http:\/\/uk.virginmoney.com\/virgin\/investor-relations\/debt-investors\/global-medium-term-note-programme\/global-medium-term-note-programme-terms\/<\/a><\/p>\n

\u00a33,000,000,000 (that is \u00a33bn) to raise cash from investors for its business, such as creating mortgages and loans.<\/p>\n

A major securitisation programme where its loans are securitised and then sold on<\/p>\n

http:\/\/uk.virginmoney.com\/virgin\/investor-relations\/securitisation\/mortgages.jsp<\/a><\/p>\n

The shares are traded on the London Stock Exchange<\/p>\n

http:\/\/www.shareshop.hsbc.co.uk\/shareshop\/security.cgi?csi=30497650<\/a><\/p>\n

\u00a31.3 Billion is the market capitalisation.<\/p>\n

The results are interesting<\/p>\n

http:\/\/uk.virginmoney.com\/virgin\/investor-relations\/results\/virgin-money-q3-2015-trading-update.pdf<\/a><\/p>\n

Mortgage Lending at \u00a35.5 billion
\nCredit Card lending at \u00a31.4 billion
\nRetail deposits at \u00a323.7 billion<\/p>\n

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.<\/p>\n","protected":false},"excerpt":{"rendered":"

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\/ \u00a33,000,000,000 (that is \u00a33bn) to raise cash from investors for its business, such […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1462","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1462"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1462\/revisions"}],"predecessor-version":[{"id":1463,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1462\/revisions\/1463"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}