Home   Kent Business   County news   Article

OneSavings Bank: Kent Reliance owner reports strong third quarter of 2017

By Chris Price

Kent Reliance owner OneSavings Bank reported a strong third quarter of the year with a 17% increase in its loan book.

Shares surged by 3% in early trading on Wednesday following the announcement but fell away in the second half of the day to only a marginal increase, priced at £4.09.

The Chatham-based lender, which specialises in buy-to-let investors, said new loans and advances grew by £997 million to £6.9 billion.

OneSavings Bank's headquarters in Chatham Maritime
OneSavings Bank's headquarters in Chatham Maritime

Bosses said they expect the bank’s new loan book to grow by 20% over the full year.

Chief executive Andy Golding said: “OSB has yet again delivered exceptional performance in the third quarter of 2017 with strong loan book growth and record levels of organic originations at attractive margins.

“I am delighted with OSB’s performance as we continue to focus on professional landlords and increase our market share.”

Join the debate...
Comments |

Don't have an account? Please Register first!

The KM Group does not moderate comments. Please click here for our house rules.

People who post abusive comments about other users or those featured in articles will be banned.

Thank you. Your comment has been received and will appear on the site shortly.


Terms of Comments
We do not actively moderate, monitor or edit contributions to the reader comments but we may intervene and take such action as we think necessary, please click here for our house rules. If you have any concerns over the contents on our site, please either register those concerns using the report abuse button, contact us here, email multimediadesk@thekmgroup.co.uk or call 01634 227989.

Follow us

Like Us on Facebook

Most popular

Kent Travel News

Close This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.Learn More