Last checked at 31 Mar 2020 16:30
Documents available at the UKLA
LEI: 213800WTQKOQI8ELD692
OneSavings Bank plc(the Company)
2019 Annual Report and Accounts and Notice of Annual General Meeting
The Annual Report and Accounts for the year ended 31 December 2019 and the Notice of Annual General Meeting of the Company and Form of Proxy have today been submitted for inspection at the UKLA’s document viewing facility via the National Storage Mechanism at: http://www.morningstar.co.uk/uk/NSM
Hard copies of these documents have been mailed to shareholders.
The 2020 Annual General Meeting of the Company will be held at 90 Whitfield Street, Fitzrovia, London W1T 4EZ on Thursday, 7 May 2020 at 11 am. Full details of the proposed resolutions are set out in the Notice of Annual General Meeting.
As a result of the current outbreak of Coronavirus (COVID-19), and in line with the latest restrictions on public gatherings imposed by the UK Government, the Company wishes to notify shareholders that attendance at the AGM in person will not be possible.
Enquiries:
OneSavings Bank plcNickesha Graham-BurrellHead of Company Secretariatt: 01634 835 796
Brunswick t: 020 7404 5959Robin Wrench / Simone Selzer
Notes to Editors
About OneSavings Bank plc
OneSavings Bank plc (OSB) began trading as a bank on 1 February 2011 and was admitted to the main market of the London Stock Exchange in June 2014 (OSB.L). OSB joined the FTSE 250 index in June 2015. On 4 October 2019, OSB acquired Charter Court Financial Services Group plc (CCFS) and its subsidiary businesses. 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.
OneSavings Bank
OSB primarily targets market sub-sectors that offer high growth potential and attractive risk-adjusted returns in which it can take a leading position and where it has established expertise, platforms and capabilities. These include private rented sector Buy-to-Let, commercial and semi-commercial mortgages, residential development finance, bespoke and specialist residential lending, secured funding lines and asset finance.
OSB originates mortgages organically via specialist brokers and independent financial advisers through its specialist brands including Kent Reliance for Intermediaries, InterBay Commercial and Prestige Finance. It is differentiated through its use of highly skilled, bespoke underwriting and efficient operating model.
OSB is predominantly funded by retail savings originated through the long-established Kent Reliance name, which includes online and postal channels as well as a network of branches in the South East of England. Diversification of funding is currently provided by securitisation programmes, the Term Funding Scheme and the Bank of England Indexed Long-Term Repo operation.
Charter Court Financial Services Group
CCFS focuses on providing Buy-to-Let and specialist residential mortgages, mortgage servicing, administration and credit consultancy and retail savings products. It operates through its three brands – Precise Mortgages, Exact Mortgage Experts and Charter Savings Bank.
It is differentiated through risk management expertise and best-of-breed automated technology and systems, ensuring efficient processing, strong credit and collateral risk control and speed of product development and innovation. These factors have enabled strong balance sheet growth whilst maintaining high credit quality mortgage assets.
CCFS is predominantly funded by retail savings originated through its Charter Savings Bank brand. Diversification of funding is currently provided by securitisation programmes, the Term Funding Scheme and the Bank of England Indexed Long-Term Repo operation.