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)
Revenue £125.2 million (2014)[1]
£82.9 million (2014)[1]
£51.5 million (2014)[1]
Parent Kent Reliance Provident Society (59.9% share)
Website www.osb.co.uk

OneSavings Bank Plc is a British banking company that has been formed by Kent Reliance Building Society and JC Flowers. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

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]

In March 2015, the bank announced it would consider any takeover approaches.[5]

Services[edit]

OneSavings Bank Group is now a specialist UK lender offering a broad range of products to UK SMEs and consumers. This range includes Savings Accounts,[6] Residential and Buy to Let Mortgages,[7] Secured Loans, Insurance, Investments and Development Finance.

References[edit]

  1. ^ a b c "Annual Report" (PDF). OneSavings Bank. Retrieved 13 June 2015. 
  2. ^ "OneSavings Bank" (PDF). Kent Reliance Building Society. 
  3. ^ "Kent Reliance to transfer funds to OneSavings". 
  4. ^ "OneSavings Bank to raise £41m in IPO". Guardian. 4 May 2014. Retrieved 13 June 2015. 
  5. ^ Jain, Aashika (17 March 2015). "UK bank OneSavings would listen to takeover offers". Reuters. Retrieved 20 March 2015. 
  6. ^ "Kent Reliance savings products". 
  7. ^ "Kent Reliance mortgage products". 

External links[edit]