Virgin Money UK PLC (VMUK.L) said its mortgages were at 57.1 billion pounds for the first quarter, a decline of 2.2% from a year ago. Deposits were at 67.3 billion pounds, up 1.7% from last year.
Net Interest Margin or NIM was at 189bps for the first quarter. The Group expects NIM to be resilient over the remainder of the year, with fiscal 2024 NIM guidance of 190-195bps unchanged.
The Group said it remains confident in medium-term outlook and is focused on delivering double-digit statutory returns to drive value for shareholders.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.