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Virgin Money raises margin guidance

The challenger bank followed peers in citing a brighter economic outlook
Virgin Money raises margin guidance
  • Underlying pre-tax profits ahead of expectations thanks to lower bad debt charge
  • Return on tangible equity improves to 10.1 per cent

Virgin Money (VMUK) raised guidance for its net interest margin in 2021 to 1.61 per cent, up from 1.56 per cent flagged at the end of the first quarter.  

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