August 23, 2018 / 6:14 AM / 3 months ago

Britain's OneSavings Bank posts higher first-half profit

Aug 23 (Reuters) - Specialised lender OneSavings Bank Plc saw first-half underlying pre-tax profit jump 17.1 percent as its focus on mortgage lending to bigger, professional landlords paid off.

OneSavings said on Thursday underlying pre-tax profit rose to 91.8 million pounds ($117.07 million) in the six months ended June 30, from 78.4 million pounds a year earlier.

The company also raised its full-year targets for net loan book growth to high-teens percentages from an earlier forecast of mid-teens. ($1 = 0.7841 pounds)

Reporting by Noor Zainab Hussain and Muvija M in Bengaluru; Editing by Sai Sachin Ravikumar

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