September 18, 2014 6:01 AM ET

Thrifts and Mortgage Finance

Company Overview of OneSavings Bank Plc

Company Overview

OneSavings Bank Plc operates as a specialist lending and retail savings company in the United Kingdom and the Channel Islands. The company provides a range of fixed, notice, easy access, and regular savings products, including ISAs. It also offers first charge, second charge, and shared ownership residential mortgages; and buy-to-let/SME and personal loans, as well as commercial mortgages, secured loans, and development finance. The company provides its products and services primarily under the Kent Reliance, InterBay Commercial, and Prestige Finance brands. The company was founded in 1847 and is based in Chatham, the United Kingdom.

Reliance House

Sun Pier

Chatham,  ME4 4ET

United Kingdom

Founded in 1847

342 Employees

Key Executives for OneSavings Bank Plc

Chief Executive and Director
Total Annual Compensation: $448.0K
Chief Financial Officer and Director
Total Annual Compensation: $316.0K
Compensation as of Fiscal Year 2013.

OneSavings Bank Plc Key Developments

OneSavings Bank Plc Presents at KBW European Financials Conference 2014, Sep-15-2014

OneSavings Bank Plc Presents at KBW European Financials Conference 2014, Sep-15-2014 . Venue: London, United Kingdom.

OneSavings Bank Plc Presents at KBW UK & European Financial Conference, Sep-15-2014

OneSavings Bank Plc Presents at KBW UK & European Financial Conference, Sep-15-2014 . Venue: 7th Floor, One Broadgate, London EC2M 2QS, United Kingdom.

OneSavings Bank Plc Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

OneSavings Bank Plc announced unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported net interest income was £55.73 million against £24.53 million a year ago. Total income was £53.21 million against £23.49 million a year ago. Operating profit was £37.79 million against £12.79 million a year ago. Profit before taxation was £24.82 million against £8.03 million a year ago. Profit for the period was £20.34 million against £10.72 million a year ago. Basic and diluted earnings per share were 9.2 pence against 6.5 pence a year ago. Net cash from operating activities was £47.9 million against net cash used in operating activities of £25.9 million a year ago. Purchase of equipment and intangible assets was £2.15 million against £0.132 million a year ago. Underlying profit before tax was £29.7 million against £7.3 million a year ago. Underlying profit was £24.5 million against £9.99 million a year ago. Underlying basic and diluted per share was 11.0 pence against 6.0 pence a year ago. Underlying return on equity was up 10% to 30% from 20% in 2013.

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