Paragon Banking Group plc operates as a specialized bank in the UK, providing lending solutions primarily in the form of buy-to-let mortgages and business loans. The bank funds its lending activities through customer deposits and wholesale funding. It focuses on managing credit risk by leveraging its expertise in specific sectors, ensuring that loans are secured against UK residential property and monitored throughout the customer lifecycle. Paragon serves a range of customers, including landlords and businesses, primarily in the UK market.