Virgin Money states that the profit before tax will be 546 % to £ 810 million.
Group’s tax -trading profits are expected to be £ 417 million a year. This is a 10.2 % jump compared to the same period of the previous year.
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New customers sales have increased by 95 %, and personal loans have increased by 4 %. The group states in a transaction update that “powerful financial momentum” means being on track for the result of an impressive year.
David Duffy, the highest executive officer, commented: “As a result of COVID, the digital change pace is accelerating in multiple years of development achieved in just one year. Competition is increasing and customer expectations are rising rapidly.”
Virgin Money is expected to declare the final dividend of 1P.
