GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Virgin Money UK PLC (ASX:VUK) » Definitions » Payments on Behalf of Employees

Virgin Money UK (ASX:VUK) Payments on Behalf of Employees


View and export this data going back to 2016. Start your Free Trial

What is Virgin Money UK Payments on Behalf of Employees?

Payments on Behalf of Employees only applicable to companies reporting Cash Flow from Operations in direct method.


Virgin Money UK (ASX:VUK) Business Description

Industry
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%.