Virgin Money UK PLC Shs Chess Depository (AU:VUK) has released an update.
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Virgin Money UK PLC has reported stable performance and strategic progress in the first half of 2024, with a recommended cash acquisition by Nationwide on the horizon. The bank’s interim financials show a stable customer loan portfolio of £72.7bn, with growth in business and unsecured lending offsetting a decrease in mortgage balances. Despite expected headwinds in the second half of the year, Virgin Money remains optimistic about growth in its target segments.
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