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ONESAVINGS BANK PLC

Location

Founded

2010-07-13

Website

https://www.osb.co.uk/

Articles

182 Articles

Category

National Commercial Banks

Description

With a central mission to provide fair financial solutions to all, OSB Group is a specialist lending and retail savings group serving the UK, Jersey and Guernsey, and is authorised by the PRA, part of the Bank of England, and regulated by the FCA. With a heritage dating back over 150 years, OSB floated on the London Stock Exchange in June 2014 and joined the FTSE 250 one year later. 2019 marked an exciting period of growth with the combination of OSB and Charter Court Financial Services, taking The Groups individual brands to 13, including Kent Reliance, Precise Mortgages, InterBay Commercial, Heritable Development Finance, and Charter Savings Bank. OSB Group focuses its specialist lending activities on selected sub-sectors of the lending market in which it has an established presence and expertise. These include private rented sector buy to let, commercial and semi-commercial mortgages, residential development finance, bespoke and specialist residential lending, secured funding lines and asset finance. Predominantly funded by retail savings originated through online and direct channels, The Group originates almost all of its organic lending through specialist intermediaries. It’s differentiated through its use of highly skilled, bespoke underwriting and efficient operating model. The majority of the Group’s administrative support functions are performed by its wholly owned operations in Bangalore, India.

Articles

OneSavings Bank surges as loan book expands in first half despite pandemic impact

2020-08-27 (proactiveinvestors.co.uk)

OneSavings Bank surges as loan book expands in first half despite pandemic impact

CEO Andy Golding also said the lender had been “encouraged” by a recovery in application volumes since the housing market reopened, running at around 60% of pre-lockdown levels

Read more
Precise and OneSavings Bank halt new lending

2020-03-30 (financialreporter.co.uk)

Precise and OneSavings Bank halt new lending

Precise Mortgages and OneSavings Bank's lending brands have temporarily suspended new mortgage applications amid the Covid-19 pandemic.

Read more
OneSavings’ share price falls as lender declines to issue Covid-19 outlook for 2020

2020-03-20 (verdict.co.uk)

OneSavings’ share price falls as lender declines to issue Covid-19 outlook for 2020

OneSavings Bank, a provider of asset finance, saw its share price fall yesterday despite the specialist lender posting strong full-year 2019. results. The UK-based challenger

Read more

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