Virgin Money has reported growth in its main sectors but said it had increased support for its customers as concerns increase over the UK economy.
The bank - which has its major offices in Newcastle, Glasgow and Leeds - reported increased activity in business lending, mortgages, unsecured lending and overall deposits in the first quarter of its financial year. The company said it was seeing good uptake of its buy-now-pay-later service Slyce, but insisted it was rolling out the product responsibly.
And it said that business lending had increased despite the winding down of Government loan schemes linked to the pandemic.
