Vanquis Banking Group third quarter 2025 trading statement

“In the third quarter of 2025, we continued to build scale, with gross customer interest-earning balances up 8% in the quarter and 18% year-on-year. Product margins remained resilient and profitable. The Group therefore delivered a statutory profit in the third quarter and across the nine months to 30 September, reflecting sustained operational momentum. We remain on track to achieve a low single-digit statutory Return on Tangible Equity (RoTE) for the full year, consistent with previous guidance.

Following the FCA’s consultation on motor finance redress, Vanquis expects its exposure to be limited.  We did not participate in discretionary commission arrangements (DCAs) or operate tied arrangements. Based on a number of probability weighted scenarios, the Group has recognised a £3.0m provision.

Operating costs remain well controlled and our previously committed Transformation cost savings are unchanged. Our technology programme, Gateway, remains substantively on track and is already delivering benefits in cost efficiency, customer experience and risk management. Credit quality remains robust, with customers continuing to demonstrate financial resilience. 

In October, we successfully issued £60m of Additional Tier 1 (AT1) Notes to further optimise our capital structure and support future growth. We continue to execute with discipline and remain focused on supporting customers while delivering sustainable, profitable growth for all stakeholders.”

Read the full RNS here.