Vanquis Banking Group plc: insider trades · United Kingdom · RNS (LSE)

About Vanquis Banking Group plc

Vanquis Banking Group plc is a UK-listed specialist banking group quoted on the London Stock Exchange (FTSE 100/250/AIM) in the United Kingdom. The company focuses on consumer finance, with an emphasis on the mid-cost and near-prime segments of the credit market. Vanquis traces its roots back to Provident Financial and has been repositioned under the Vanquis Banking Group name to reflect a more focused specialist-banking model. Its registered office is in Bradford, England, and it maintains a meaningful operating presence in the UK, reflecting its long-standing domestic franchise. The group’s core business lines are credit cards, vehicle finance, personal loans, and, at a smaller scale, second charge mortgages. Vanquis is positioned as a provider for customers who are often underserved by mainstream lenders and who may need a more tailored approach to credit access, underwriting, and customer support. That niche gives the group a distinct market role: it serves everyday borrowing needs, vehicle purchases, and secured lending solutions for a customer base that tends to be more credit-sensitive than prime borrowers. Historically, Vanquis has deep experience in UK consumer credit, with more than a century of heritage through its legacy businesses. Over time, the group has moved away from older lending models and built a more integrated specialist bank, increasingly supported by retail deposits, data-led credit assessment, and digital servicing. The strategic direction in recent years has been centered on becoming a more customer-centric, operationally efficient bank with stronger risk controls and improved product breadth. From a competitive standpoint, Vanquis operates in a tightly regulated segment where underwriting discipline, funding costs, and conduct standards are critical. Its competitive edge comes from long experience in underserved markets, detailed customer data, and a transformation agenda aimed at simplifying operations and improving technology. The Gateway platform is a key part of that modernization effort, intended to improve scalability, customer experience, and long-term efficiency. The company also emphasizes its social purpose and its role in serving consumers who may not be well accommodated by mainstream banks. Recent developments have been important for investors. In February 2026, Vanquis released its results for the year ended 31 December 2025, following a challenging 2024 that included an adjusted loss, elevated transformation costs, and higher regulatory-related expenses. The company also issued 2026 RNS updates on motor finance redress schemes, a sector-wide issue that remains highly relevant for UK lenders. In addition, Vanquis has continued to file standard Director/PDMR shareholding notifications through RNS, which is common for UK listed companies. Overall, the equity story remains one of turnaround, with management focused on sustainable profitability, tighter risk management, and medium-term value creation.