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Virgin Money to pay back government finance package and create new jobs

25 July 2014
Virgin Money will create 200 new jobs to support the growth of the business.
Fri, 25 Jul 2014Virgin Money will create 200 new jobs to support the growth of the business.
At the same time the company is to repay the government £154.5m of a finance package, which was put in place when it acquired Northern Rock in 2012.
One hundred and twenty jobs will be in the North-East.

A statement from Virgin Money said that the business achieved an underlying profit of £53.4m in 2013, after an underlying loss of £2.5m in 2012.

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