Virgin Money Holdings (UK) plc delivers strong performance in its first full financial year since listing
Market-beating growth across core mortgages, savings and credit card businesses
Underlying profit before tax increased by 53% to £160.3 million, from £104.8 million in 2014
Financial Highlights
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Underlying profit before tax increased by 53 per cent to £160.3 million, from £104.8 million in 2014. Underlying net interest margin increased to 165 basis points, from 150 basis points in 2014. Underlying cost:income ratio improved to 63.6 per cent, from 72.5 per cent in 2014. Underlying return on tangible equity increased to 10.9 per cent in 2015 from 7.4 per cent in 2014. Statutory profit before tax of £138.0 million, compared to a statutory profit before tax of £34.0 million in 2014. The Board recommends a final dividend of 3.1 pence per ordinary share. The total dividend for the year will be 4.5 pence per ordinary share. |
