Virgin Money's full-year underlying pre-tax profit jumps 53 percent

March 2, 2016 7:53 AM

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Virgin Money's full-year underlying pre-tax profit jumps 53 percent

British lender Virgin Money Holdings Plc (VM.L) said full-year underlying pre-tax profit rose 53 percent, helped by growth in its core mortgages, savings and credit card businesses which outpaced the market.

The bank, which listed on London's main market in 2014, said it would increase credit card balances to at least 3 billion pounds ($4 billion) by the end of 2017, a year earlier than it anticipated.

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