Last checked at 31 Mar 2014 07:00
Date 31 March 2014
OneSavings Bank plc
Amendment to Articles
OneSavings Bank plc ("OSB"), the specialist lending and retail savings group, announces that a General Meeting is to be held to seek the authority of shareholders to approve changes to its articles to increase the number of Directors that may be appointed to the Board.
The meeting will be held at the Company's registered office on Tuesday 1 April 2014
The amended articles are available to view on the National Storage Mechanism.
ENDS
Enquiries:
OneSavings Bank plc
Zoe Bucknell, Group General Counsel
and Company Secretary t: 01634 835788
Alastair Pate, Head of Marketing
and Communications t: 01634 838973
Brunswick
Michael Harrison / Robin Wrench / Craig Breheny / Simone Selzer t: 020 7404 5959
About OneSavings Bank plc
OneSavings Bank plc ('OSB') began trading as a bank on 1 February 2011 when the trade and assets of Kent Reliance Building Society ('KRBS') were transferred into the business. OSB is a specialist lending and retail savings group authorised by the Prudential Regulation Authority, part of the Bank of England, and regulated by the Financial Conduct Authority and Prudential Regulation Authority.
OSB focuses on selected sub-sectors of the lending market in which it has established expertise, platforms and capabilities, and where opportunities have been identified for both high returns on a risk-adjusted basis and strong growth. These include Residential Mortgages (comprising first charge, second charge and shared ownership), Buy-to-Let/SME and Personal Loans. OSB originates organically through specialist brokers and independent financial advisors.
OSB is predominantly funded by retail savings originated through the established Kent Reliance franchise, which includes a network of branches in the South East of England, as well as online and postal channels. Diversification of funding is currently provided by a securitisation and OSB joined the Funding for Lending Scheme in early 2014.