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Virgin Money Holdings (UK) Limited to sell Church House Trust Limited to SAV Credit

18/12/2012

Virgin Money Holdings (UK) Limited has entered into an agreement to sell Church House Trust Limited to SAV Credit Limited.

Church House Trust, a regional private bank, is a wholly owned subsidiary of Virgin Money Holdings (UK) Limited and provides deposits and mortgages.

The sale is subject to FSA approval and is expected to close in the first half of 2013.

ENDS


Media Contacts
Virgin Money Press Office
Tel: 0191 279 4676
email: press.office@virginmoney.com


NOTES TO EDITORS

About Church House Trust

  • Church House Trust is a regional private bank providing deposits and mortgages to personal banking customers. Virgin Money acquired the business in January 2010.

About Virgin Money

  • Virgin Money provides savings, mortgages, credit cards, pensions, investment and protection products to over four million customers
  • Virgin Money’s business ambition is to make “everyone better off” – this philosophy underpins our approach to business by offering good value to customers, treating employees well, making a positive contribution to society and delivering a profit to shareholders
  • Virgin is the official sponsor of the London Marathon, the biggest annual fundraising event in the world. Virgin Money leads the London Marathon sponsorship with the ambition to help runners raise £¼ billion over 5 years and will use its infrastructure, online capability and financial expertise to deliver that through Virgin Money Giving