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CYBBF / Virgin Money reports 43% increase in profits as rate rises boost margins

Virgin Money UK PLC (LSE:VMUK) reported a strong increase in full-year profits, and a further £50mln share buy-back, as higher interest rates gave a boost to margins. The British lender posted a 43% increase in pre-tax profits to £595mln from £417mln last year while the net interest margin expanded to 1.85% from 1.62%. Read More

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Posted: Nov 21 2022, 02:57

Author Name: Proactive Investors

CYBBF News

By Proactive Investors
April 28, 2023

Virgin Money results offer chance to prove doubters wrong

Virgin Money UK PLC (LSE:VMUK) and other UK banks are "trading at a material discount to the sector", analysts at UBS noted ahead of first-half numbe

By Proactive Investors
November 21, 2022

Virgin Money reports 43% increase in profits as rate rises boost margins

Virgin Money UK PLC (LSE:VMUK) reported a strong increase in full-year profits, and a further £50mln share buy-back, as higher interest rates gave

By Reuters
November 21, 2022

Virgin Money reports jump in annual profit

British lender Virgin Money reported a 43% increase in full-year profit on Monday, as Bank of England rate rises lifted its finances ahead of a likely

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