Full Year 2020 Paragon Banking Group PLC Sell-Side Analyst Call Transcript

Dec 03, 2020 / 09:30AM GMT
Nigel S. Terrington - Paragon Banking Group PLC - Chief Executive & Director

Good morning, everyone, and thank you for joining us today at Paragon's full year results presentation. In a moment, Richard will run through the financials and I will then return to take you through the business performance, strategy and outlook, leaving plenty of time at the end for questions.

But before I hand over to Richard, I've got a few introductory remarks so please, can you turn to the first slide. So 2020, as if you need reminding, has been unlike any other year any of us had ever experienced. Directly or indirectly, it's affected the lives of everyone in the U.K. and across the world and has affected every business, mostly for the worst. And it's in that context that we actually can be pleased with the performance this year. Of course, our business has been tested, but it has been deliberately built over many years with a high-resilient, low-risk appetite and with the long-term-through-the-cycle strategy in mind.

While 2021 inevitably holds further challenges, this year's performance has

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