OneSavings Bank
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| Public Limited Company | |
| Traded as | : |
| Industry | Financial services |
| Founded | 2011 |
| Headquarters | United Kingdom |
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Key people
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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) |
| £163.1 million (2016) | |
| £120.9 million (2016) | |
| Website | www |
OneSavings Bank plc is a British banking company. It is listed on the and is a constituent of the FTSE 250 Index.
The company was established as Kent Reliance in 1847. 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. The business was the subject of an initial public offering in May 2014.
In August 2012 the company acquired InterBay Commercial, a specialist commercial and buy to let mortgage lender, established in 2006. In September 2012 the company acquired Prestige Finance, a specialist provider of secured loans.
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. In December 2015 the company established Rochester Mortgages to acquire the mortgage book of a subsidiary of Deutsche Bank.
OneSavings Bank is a specialist lender offering residential, buy to let and commercial mortgages, secured loans and development finance.
OneSavings Bank charity partners include Great Ormond Street Hospital, and the KM Charity Team OneSavings Bank is a sponsor of the Kent County Football Association.
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Wikipedia