Vanquis Banking Group first quarter 2026 trading statement
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“Continued delivery”
London – 6 May 2026 – Vanquis Banking Group plc (‘the Group’ or ‘Vanquis’), today published its first quarter trading statement for the three months to 31 March 2026.
Ian McLaughlin, Chief Executive Officer, commented:
“In the first quarter of 2026, we continued to build scale, with gross customer interest-earning balances increasing 4%. Margins remained resilient, with the trajectory in line with our expectations, and the Group delivered a statutory profit, demonstrating sustained momentum. We remain on track to deliver a low double digit statutory Return on Tangible Equity (ROTE) for the full year.
The benefits of our transformation are increasingly evident in our performance, efficiency and customer proposition. We continue to maintain strong cost discipline, while Gateway, our technology modernisation programme, remains on course for completion in 2026.
Credit quality remains strong, with customers continuing to demonstrate financial resilience. Against an uncertain external backdrop, we remain focused on delivering sustainable, profitable growth for all stakeholders.”
Read the full RNS here.