Vanquis Banking Group PLC 2024 AR2
The report highlights a pivotal year in the operational turnaround of Vanquis Banking Group, focusing on building a customer-centric, efficient, and resilient business model. Key achievements include delivering over £64m in transformation cost savings, expanding the product range with Second Charge Mortgages and Snoop savings, and growing retail deposits by 25% to £2.4bn. Despite recording a statutory loss before tax of £136.3m due to one-off turnaround costs and higher FOS fees, the Group cleaned up its balance sheet and progressed its Gateway technology transformation. On the sustainability front, the Group reduced its absolute Scope 1 and 2 emissions by 38% and invested £1.4m in communities through its Foundation.
Company: Vanquis Banking Group PLC
Sector: Financials
Country: United Kingdom
Year: 2024
Type: AR2
Pages: 204
Vanquis Banking Group PLC
Annual Report And Accounts
The report highlights a pivotal year in the operational turnaround of Vanquis Banking Group, focusing on building a customer-centric, efficient, and resilient business model. Key achievements include delivering over £64m in transformation cost savings, expanding the product range with Second Charge Mortgages and Snoop savings, and growing retail deposits by 25% to £2.4bn. Despite recording a statutory loss before tax of £136.3m due to one-off turnaround costs and higher FOS fees, the Group cleaned up its balance sheet and progressed its Gateway technology transformation. On the sustainability front, the Group reduced its absolute Scope 1 and 2 emissions by 38% and invested £1.4m in communities through its Foundation.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Renewable Energy
Women on Board
Women in Management
Net Zero Target
Employees