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No more “one-off” fees at Virgin Money

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IRGIN Money today showed that historic issues still haunt the bank as it prepares to embrace a digital future under one brand.

All the banks are on the rise lately as the economy improves. Virgin made a small profit of £ 72million in the past six months, compared to a loss of £ 7million a year ago on bad debts. It took another depreciation charge of £ 38million, up from £ 232million a year ago.

Shares, over 300p three years ago, have fallen from 11p to 189p today.

Duffy added: “We are cautiously optimistic that the outlook is improving as the impact of the UK vaccination program brings positive revisions to economic expectations.”


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