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 £206.6 million (2016)[1]
£163.1 million (2016)[1]
£120.9 million (2016)[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]

The company was established as Kent Reliance in 1847.[2] 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: 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]

In August 2012 the company acquired InterBay Commercial, a specialist commercial and buy to let mortgage lender, established in 2006.[5] In September 2012 the company acquired Prestige Finance, a specialist provider of secured loans.[6]

In April 2014 the company established Heritable Development Finance, a joint venture with Heritable Capital, formed to provide financing predominantly for residential property developments for experienced property developers.[7] In December 2015 the company established Rochester Mortgages to acquire the mortgage book of a subsidiary of Deutsche Bank.[8]

Services[edit]

OneSavings Bank is a specialist lender offering residential, buy to let and commercial mortgages, secured loans and development finance.[9]

Charity and Sponsorship[edit]

OneSavings Bank charity partners include Great Ormond Street Hospital,[10] and the KM Charity Team[11] OneSavings Bank is a sponsor of the Kent County Football Association.[12]

References[edit]

  1. ^ a b c "Annual Results 2016" (PDF). OneSavings Bank. Retrieved 22 April 2017. 
  2. ^ "Britain's building societies are key to getting decent financial services". The Independent. 22 October 2010. Retrieved 22 April 2017. 
  3. ^ "Kent Reliance to transfer funds to OneSavings". FT. 13 October 2010. Retrieved 22 April 2017. 
  4. ^ "OneSavings Bank to raise £41m in IPO". Guardian. 4 May 2014. Retrieved 13 June 2015. 
  5. ^ "InterBay Commercial acquired by OneSavings Bank". Mortgage Strategy. 13 June 2012. Retrieved 22 April 2017. 
  6. ^ "OneSavings Bank Acquire Prestige Finance". Financial Supporter. 19 September 2012. Retrieved 22 April 2017. 
  7. ^ "Heritable Capital and OneSavings Bank joint venture". Ingram Winter Green. 22 April 2014. Retrieved 22 April 2017. 
  8. ^ "Challenger bank to buy £396m mortgage portfolio". Loan Talk. 24 February 2010. Retrieved 22 April 2017. 
  9. ^ "Introduction". OneSavings Bank. Retrieved 22 April 2017. 
  10. ^ "OneSavings Bank Great Ormond Street Hospital Charity". Great Ormond Street Hospital. Retrieved 22 April 2017. 
  11. ^ "Kent Reliance announced as headline sponsors of Maidstone located KM Dragon Boat Race". Kent on line. Retrieved 22 April 2017. 
  12. ^ "Kent Reliance Announced as Sponsors of the Kent County Cups for the 2015-2016 Season". Kent County Football Association. 6 August 2015. Retrieved 22 April 2017. 

External links[edit]