News and views
As one of the most high-profile businesses in the finance sector, we attract a broad range of views on what we do. Here's our factual take on some of the hot topics involving Wonga.
Wonga's annual report: 2012
Today we published our first annual report, showing expansion and growth across the Wonga Group.
In the news
There has been plenty more coverage about Wonga again over the last week or so, following the publication of our annual results.
This was the first time we announced our results to the media, despite no requirement to do so, in keeping with our values of being open and transparent.
As ever there were plenty of opinions about the business and the role it plays in the financial landscape, with well over a hundred articles and plenty of social media discussion. Here’s a summary of the main pieces and our take on some of them.
Date article publshed: 05/11/2013 Read original article >
We don’t accept the picture of Wonga and our customers painted by Ed Miliband today, which rehashes many of the myths about our business.
’12 Portraits’, our film referred to by Mr. Miliband, challenges these misconceptions. It features a sample of unpaid and unscripted people who value and use our service responsibly – representative of our million-plus customers who see us as a mainstream, flexible and transparent alternative to traditional short-term credit.
Wonga Group full year results for the 12 months to December 31 2013
Wonga Group today publishes its 2013 Annual Results, which show that pre-tax profits are down by 53% to £39.7m.
The decline in profits was driven by remediation costs related to historic debt collection and systems issues, and continued investment in staff, infrastructure and Wonga’s international businesses.
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