Virgin Money Group's underlying cost to income ratio in the UK 2011-2023
The underlying cost to income ratio (CIR) of the Virgin Money Group on the British market generally decreased between 2011 and 2023. From 2011 to 2017, the underlying CIR continuously decreased from 148.1 percent to 53.7 percent. In 2019, the underlying CIR rose to 57 percent, before increasing to 59 percent the following year. The underlying cost to income ratio of the Virgin Money Group dropped once again to 52 percent in 2023.