Our Annual Report and Accounts for 2022, represents the first edition under our new corporate name – Vanquis Banking Group.
2022 was a transformational year for the Group as its sought to cement itself as a leading specialist banking group focused on underserved markets. The Board and Executive Management team built on the strategic accomplishments of 2021 to deliver a new governance structure for Vanquis Bank and new funding opportunities across the Group with he large exposure waiver from the Prudential Regulation
Authority.
A quick glance at our year in numbers:
1.7m
Customer numbers
(2021: 1.6m)
£1.9bn
Amounts receivable from customers
(2021: £1.7bn)
£678.8m
Regulatory capital
(2021: £706.5m)
£478.2m
Liquidity
(2021: £706.9m)
£126.6m
Adjusted profit before tax - continuing operations
(2021: £167.8m)
£110.1m
Statutory profit before tax – continuing operations
(2021: £142.2m)
Patrick Snowball, Chairman (2018 - September 2023)
I am delighted to introduce our Annual Report and Accounts for 2022, which represents the first edition under our new corporate name – Vanquis Banking Group. 2022 was the year in which we successfully repositioned the Group towards new markets, products and customers and I am proud of what we achieved collectively.
Malcolm Le May, CEO (2018 - August 2023)
2022 was another important year for the Group and one that reinforced its strategic advantages of a well-capitalised balance sheet, access to retail deposit funding and net interest margin. The collective efforts of all people and teams across the organisation has enabled the Group to build on the strong
foundations put in place previously and I would like to thank them all for their efforts during the year.
