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Virgin Money UK (Virgin Money UK) Cash, Cash Equivalents, Marketable Securities


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What is Virgin Money UK Cash, Cash Equivalents, Marketable Securities?

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Virgin Money UK (Virgin Money UK) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Virgin Money UK PLC (OTCPK:CBBYF) » Definitions » Cash, Cash Equivalents, Marketable Securities
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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%.