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Virgin Money UK (ASX:VUK) Degree of Financial Leverage


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What is Virgin Money UK Degree of Financial Leverage?

Degree of Financial Leverage does not apply to banks.


Virgin Money UK (ASX:VUK) Business Description

Traded in Other Exchanges
Address
177 Bothwell Street, Glasgow, GBR, G2 7ER
Virgin Money UK was formed through the merger between CYBG PLC and Virgin Money. After being divested by National Australia Bank in 2016, CYBG went through a restructuring and recapitalization process, with mortgages accounting for around 75% of its loan book. Following CYBG's merger with Virgin Money, the loan book has been reshaped again, with mortgages now accounting for 79% of total loans, personal loans around 9%, and SME and business loans around 12%.