October 15, 2015 / 6:24 AM / 2 years ago

BRIEF-Virgin Money 9-month gross mortgage lending jumps 38 pct

Oct 15 (Reuters) - Virgin Money Holdings (UK) Plc :

* Gross mortgage lending up 38 pct on first nine months of 2014 to 5.5 billion stg

* Credit card outstandings increased 28 pct to almost 1.4 billion stg from June 30, 2015

* Profitability further improved due to continuing benefits from growth towards scale

* New home and motor insurance proposition launched with strategic partner Ageas

* Has performed strongly in first nine months of year with mortgage growth, cards growth, NIM and ROTE all performing in line with expectations

* Expects front book asset spreads to remain broadly stable at current market rates for rest of 2015 and into 2016

* Net mortgage lending almost doubled in same period to 2.6 billion stg

* Reaffirms NIM guidance given at half year and continues to expect a full-year NIM slightly ahead of 160 bps

* Continues to be confident of delivering on its medium term targets as previously guided Source text for Eikon: Further company coverage: (Bengaluru Newsroom + 91 80 6749 1136)

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