OneSavings Bank
 | |
| Public Limited Company | |
| Traded as | LSE: OSB |
| Industry | Financial services |
| Founded | 2011 |
| Headquarters | 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 |
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
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
OneSavings Bank is a specialist lender offering residential, buy to let and commercial mortgages, secured loans and development finance.[9]
Charity and Sponsorship
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
- 1 2 3 "Annual Results 2016" (PDF). OneSavings Bank. Retrieved 22 April 2017.
- ↑ "Britain's building societies are key to getting decent financial services". The Independent. 22 October 2010. Retrieved 22 April 2017.
- ↑ "Kent Reliance to transfer funds to OneSavings". FT. 13 October 2010. Retrieved 22 April 2017.
- ↑ "OneSavings Bank to raise £41m in IPO". Guardian. 4 May 2014. Retrieved 13 June 2015.
- ↑ "InterBay Commercial acquired by OneSavings Bank". Mortgage Strategy. 13 June 2012. Retrieved 22 April 2017.
- ↑ "OneSavings Bank Acquire Prestige Finance". Financial Supporter. 19 September 2012. Retrieved 22 April 2017.
- ↑ "Heritable Capital and OneSavings Bank joint venture". Ingram Winter Green. 22 April 2014. Retrieved 22 April 2017.
- ↑ "Challenger bank to buy £396m mortgage portfolio". Loan Talk. 24 February 2010. Retrieved 22 April 2017.
- ↑ "Introduction". OneSavings Bank. Retrieved 22 April 2017.
- ↑ "OneSavings Bank Great Ormond Street Hospital Charity". Great Ormond Street Hospital. Retrieved 22 April 2017.
- ↑ "Kent Reliance announced as headline sponsors of Maidstone located KM Dragon Boat Race". Kent on line. Retrieved 22 April 2017.
- ↑ "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.
