Vanquis Banking Group PLC VANQ
LSE · United Kingdom · Finance
GBp 73.50-0.60 (-0.81%)
Market closed· · GBp · Data may be delayed
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Market closed· · GBp · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
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For the complete transcript of the earnings call, please refer to the full earnings call transcript. Gross customer interest earning balances grew by 24% year-on-year to over 3 billion, driven by growth in second charge mortgages and credit cards. Successfully migrated all credit card customers to a new in-house mobile banking app, improving customer engagement and reducing cost to serve.
Vanquis Banking Group (LON:VANQ) reported first-half statutory profit before tax of £8.9 million, a 44% increase from a year earlier and more than the group generated in the full year of 2025, as loan balances expanded and operating costs declined. Chief Executive Officer Ian McLaughlin said gross
Vanquis Banking Group PLC (STU:PRVA) reports a significant turnaround with GBP8.3 million profit before tax, exceeding customer interest earning balances, and achieving substantial cost reductions.
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