November 8, 2018 / 7:27 AM / 11 days ago

OneSavings sees 20 pct FY net loan book growth

Nov 8 (Reuters) - OneSavings Bank Plc raised its full-year net loan book growth guidance to about 20 percent on Thursday, helped by its focus on bigger, professional landlords and a strong pipeline for the final quarter.

OneSavings, one of the banks aiming to challenge Britain’s “Big 5” lenders, reported loan book growth of 16 percent for the nine months to Sept. 30, with net loans and advances growing by 1.18 billion pounds ($1.55 billion) to 8.5 billion pounds in the period. ($1 = 0.7625 pounds)

Reporting by Samantha Machado and Noor Zainab Hussain in Bengaluru Editing by Saumyadeb Chakrabarty

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