The Paragon Group of Companies has acquired further unsecured consumer loans, through its Idem Capital Securities subsidiary, from The Royal Bank of Scotland PLC under the terms of a forward flow agreement.
The consideration, which is being financed from Paragon’s cash reserves is £56,000.
The acquisition follows the announcement, on 27 October 2011, of the acquisition of a portfolio of loans from RBS for consideration of £43.2 million and subsequent small loan purchases.
