Virgin Money Group's underlying cost to income ratio in the UK 2011-2023

Published by Statista Research Department, Mar 28, 2024

The underlying cost to income ratio (CIR) of the Virgin Money Group on the British market generally decreased between 2011 and 2023. From 2011 to 2017, the underlying CIR continuously decreased from 148.1 percent to 53.7 percent. In 2019, the underlying CIR rose to 57 percent, before increasing to 59 percent the following year. The underlying cost to income ratio of the Virgin Money Group dropped once again to 52 percent in 2023.

Underlying cost to income ratio of the Virgin Money Group in the United Kingdom from 2011 to 2023

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Release date

2023

Region

United Kingdom

Survey time period

2011 to 2023

Supplementary notes

Source's notes: The 2011 results of Virgin Money Holdings (UK) plc have been presented as if Northern Rock plc had been part of the Group during 2011.

The cost to income ratio is the operating expenses divided by underlying total income.

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