Paragon Bank Plc Credit Rating
Paragon Bank Plc does not currently have a public long-term credit rating from the major agencies, so no rating is shown here. That is common among smaller and newer UK banks and is not in itself a sign of financial weakness — ratings are typically sought by institutions that raise debt in wholesale markets. Eligible deposits with UK-authorised banks and building societies are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per eligible person, per banking licence (the limit rose from £85,000 on 1 December 2025). Where several brands share a single banking licence, that £120,000 limit is shared across those brands rather than applying to each one separately.
Rating History
Service record: complaints, incidents and customer survey
Complaints: in the FCA's 2025 H2 file (April 2025 to September 2025), Paragon Bank (reporting jointly for its group) received 772 banking and credit-card complaints, 1.75 per 1,000 accounts. The bank upheld 53% of those it closed and closed 26% within three days. The previous period was 1.45 per 1,000, so complaints rose. Compare all banks.
Market signals, ownership and group accounts
Short positions: 1.58% of Paragon Banking Group plc's shares were held in disclosed net short positions at 2 October 2026, per the FCA's aggregated disclosures.
Only positions of 0.5% or more per holder are disclosed, so this is a floor. Above 2% to 3% is unusual for a UK bank; it is a view on the listed group's shares, not on deposit safety, which the FSCS covers regardless.Shareholding changes disclosed under the FCA's major-holdings rules in the last two years (listed group's shares):
| Date | Holder | From | To |
|---|---|---|---|
| 12 Oct 2026 | BlackRock, Inc | 5.01% | 5.03% ▲ |
| 22 Sep 2026 | BlackRock, Inc | 5.07% | 5.01% ▼ |
| 9 Sep 2026 | BlackRock, Inc | 5.06% | 5.07% ▲ |
| 4 Sep 2026 | BlackRock, Inc | 5.35% | 5.06% ▼ |
| 3 Oct 2025 | JPMorgan Asset Management Holdings Inc | 5.20% | 5.11% ▼ |
| 30 Sep 2025 | JPMorgan Asset Management Holdings Inc | 5.54% | 5.20% ▼ |
| 2 Sep 2025 | JPMorgan Asset Management Holdings Inc | 5.47% | 5.54% ▲ |
| 1 Sep 2025 | JPMorgan Asset Management Holdings Inc | 5.64% | 5.47% ▼ |
| Fiscal year | Profit before tax | Net income | Total assets | Equity | Dividends paid |
|---|---|---|---|---|---|
| Sep 2025 | £257m | £180m | £19.9bn | £1.4bn | — |
| Sep 2024 | £254m | £186m | £19.3bn | £1.4bn | — |
Latest News
Frequently asked questions about Paragon Bank Plc
Is Paragon Bank Plc safe?
Paragon Bank Plc has no public long-term credit rating from the major agencies, so there is no rating to assess here. A missing rating is not evidence of weakness — many smaller and newer UK banks simply do not seek one. Separately, Eligible deposits with UK-authorised banks and building societies are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per eligible person, per banking licence (the limit rose from £85,000 on 1 December 2025). Where several brands share a single banking licence, that £120,000 limit is shared across those brands rather than applying to each one separately. This page is information about published credit ratings, not financial advice.
What is Paragon Bank Plc's credit rating?
Paragon Bank Plc does not have a publicly available long-term issuer credit rating from S&P, Moody's or Fitch.
Is Paragon Bank Plc covered by the FSCS?
Eligible deposits with UK-authorised banks and building societies are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per eligible person, per banking licence (the limit rose from £85,000 on 1 December 2025). Where several brands share a single banking licence, that £120,000 limit is shared across those brands rather than applying to each one separately. Paragon Bank Plc is recorded with FCA reference 604551. Because protection follows the banking licence rather than the brand, check the current position and which brands share a licence on the FSCS website before relying on it.
Who owns Paragon Bank Plc?
Paragon Bank Plc is owned by Paragon Banking Group (public). Ownership matters for credit ratings because agencies often factor in the likelihood of support from a parent group, and because brands under the same banking licence share a single FSCS limit.