OneSavings Bank

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OneSavings Bank plc
Public Limited Company
Traded as LSEOSB
Industry Financial services
Founded 2011
Headquarters

Chatham, Kent,

United Kingdom
Key people
Mike Fairey (Chairman)
Andy Golding (CEO)
Products Buy to let mortgages, commercial mortgages, residential mortgages development finance, secured loans, retail savings
Revenue £169.8 million (2015)[1]
£118.0 million (2015)[1]
£84.1 million (2015)[1]
Website www.osb.co.uk

OneSavings Bank plc is a British banking company. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

OneSavings Bank can trace its trading name, Kent Reliance, back to 1847.

On 1 February 2011, and following a substantial capital investment by J.C. Flowers & Co., Kent Reliance Building Society was transferred to a new financial entity, OneSavings Bank.[2] The transfer was approved by the members of the society in November 2010.[3] The business was the subject of an initial public offering in May 2014.[4]

Services[edit]

OneSavings Bank is a specialist lender offering residential,[5] buy to let and commercial mortgages,[6] secured loans[7] and development finance[8] through its trading name Kent Reliance and subsidiaries. The group is predominantly funded by its retail savings franchise.[9]

Subsidiaries[edit]

InterBay Commercial was established in 2006 and is a specialist commercial and buy to let mortgage lender. The company was acquired by OneSavings Bank in August 2012.[10]

Prestige Finance is a specialist provider of secured loans and was acquired by OneSavings Bank in September 2012.[11]

Jersey Home Loans provides residential and buy to let mortgage products to residents of Jersey.

Guernsey Home Loans specialises in providing residential and buy to let mortgage products in Guernsey.

Reliance Property Loans administers existing books of mortgages and second charge loans acquired by OneSavings Bank plc.

OSBIndia provides back office support for OneSavings Bank's Operations.

Heritable Development Finance is an established lender financing predominantly residential property developments for experienced property developers. The company became part of the OneSavings Bank group in 2013.

Rochester Mortgages Limited was established on 23 December 2015 and acquired the mortgage book of db mortgages from DB UK Ltd, a subsidiary of Deutsche Bank, in May 2016.

Charity and Sponsorship[edit]

OneSavings Bank charity partners include Great Ormond Street Hospital,[12] and the KM Charity Team[13] - all of which it supports through its Kent Reliance trading name.

OneSavings Bank is a sponsor of Kent FA.[14][15]

References[edit]

External links[edit]