OneSavings Bank
 | |
| Public Limited Company | |
| Industry | Financial services |
| Founded | 2011 |
| Headquarters | United Kingdom |
| Parent | Kent Reliance Provident Society (59.9% share) |
| Website |
www |
OneSavings Bank Plc is a British banking company that has been formed by Kent Reliance Building Society and JC Flowers.[1] OneSavings Bank Group operates through its brands Kent Reliance,[2] InterBay Commercial, Reliance Property Loans, and Prestige Finance.
History
On 1 February 2011, and following a substantial capital investment by JC Flowers and Co, Kent Reliance Building Society was transferred to a new financial entity, OneSavings Bank and was renamed OneSavings Bank plc. The transfer was approved by the members of the society in November 2010.[3]
In March 2015, the bank announced it would consider any takeover approaches.[4]
Services
One Savings Bank Group is now a specialist UK lender offering a broad range of products to UK SMEs and consumers. This range includes Savings Accounts,[5] Residential and Buy to Let Mortgages,[6] Secured Loans, Insurance, Investments and Development Finance.
References
- ↑ "RNS Announcement" (PDF).
- ↑ "krbs.com: About Us".
- ↑ "Kent Reliance to transfer funds to OneSavings".
- ↑ Jain, Aashika (17 March 2015). "UK bank OneSavings would listen to takeover offers". Reuters. Retrieved 20 March 2015.
- ↑ "Kent Reliance savings products".
- ↑ "Kent Reliance mortgage products".
Further reading
- Kent Reliance's £50m deal to form OneSavings bank - but no windfalls - This is Money
- Kent Reliance boss Mike Lazenby steps down after takeover - Telegraph
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