One Savings Bank on track to grow book by 20% in 2017
One Savings Bank – owner of Kent Reliance and InterBay Commercial – expects to grow its loan book by 20% over the course of 2017 as it continues to focus on professional landlords.
In the first nine months of the year it grew its book by 17% to £6.9bn, an increase of nearly £1bn.
Andy Golding, chief executive of OneSavings Bank, 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.
“We have reinforced our position as a leading specialist lender in our target markets and I am pleased to report that following the new PRA underwriting rules that came into effect on 1 October 2017, application levels remain strong.
“I am delighted with OSB’s performance as we continue to focus on professional landlords and increase our market share.
“We now expect loan book growth of c.20% for the full year.”