Try our corporate solution for free!
+1 (212) 419-5770

Key financial figures for Virgin Money UK PLC 2019

On the 18th of June 2018, the boards of CYBG plc and Virgin Money Holdings (UK) plc (Virgin Money) announced the agreement of terms of acquisition in a bid to close the gap on the "big five" UK banks. As a part of the deal the of the groups retail customers would be moved to Virgin Money.

Key figures

In the year ending September 30, 2019, the combined group had approximately 6.6 million customers and an average of almost nine thousand full-time equivalent employees. There are several key performance indicators (KPIs) that measure and banks profitability, asset quality, capital, funding and liquidity.

Challenger banks

The term 'Challenger Bank' is used as a description of banks and financial services that were created after the Global Financial Crisis and have made significant impact in 'challenging' incumbent large banks or have had a significant impact on the market. KPMG describe four main areas in which challenger banks have appeared in the market in the United Kingdom. These include full-service retail banks such as CYBG/Virgin Money, Metro Bank and the Co-op, Specialist lenders such as OneSavings Bank and Aldermore, retailer banks including Tesco's and Sainsbury's and Digital Banks. As the newest and perhaps the most exciting facet of challenger banks, Digital banks are mobile app-based banks that do not have a physical presence on the high street. Due to their simplicity and ease of use they have attracted significant attention from customers and investors alike.

Key financial figures for Virgin Money UK PLC* in the United Kingdom (UK) in 2018 and 2019*

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

$39 $59 per month *
in the first 12 months
33% Discount until September 30th
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$468 / Year
$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in

Release date

December 2019


United Kingdom

Survey time period

* September 30, 2018 and September 30, 2019

Supplementary notes

* The source added the following information "Virgin Money UK PLC (‘Virgin Money’ or ‘the Company’), formerly known as CYBG PLC ('CYBG') (the Company was renamed on 30 October 2019), together with its subsidiary undertakings (which together comprise ‘the Group’), operate under the Clydesdale Bank, Yorkshire Bank, and Virgin Money brands."

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Single Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract; Prices do not include sales tax.

Statistics on "Fintech in Russia "

Further Content: You might find this interesting as well

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.