OneSavings Bank plc
(the Company)
2016 Annual Report and Accounts and Notice of Annual General Meeting
The Annual Report and Accounts for the year ended 31 December 2016 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.hemscott.com/nsm.do
Hard copies of these documents have been mailed to shareholders.
The 2017 Annual General Meeting of the Company will be held at the offices of Addleshaw Goddard LLP , Milton Gate, 60 Chiswell Street, London EC1Y 4AG on Wednesday, 10 May 2017 at 11 am. Full details of the proposed resolutions are set out in the Notice of Annual General Meeting.
Enquiries:
OneSavings Bank plc
Nickesha Graham-Burrell
Deputy Company Secretary
t: 01634 835 796
Brunswick
t: 020 7404 5959
Robin Wrench / Simone Selzer
Notes to Editors
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 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 Buy-to-Let/SME (comprising Buy-to-Let, Commercial, Residential development and Funding lines), Residential Mortgages (comprising First charge, Second charge and Funding lines), 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 securitisation and OSB joined the Funding for Lending Scheme in early 2014 and the Term Funding Scheme in November 2016.