Edition:
United Kingdom

OneSavings Bank PLC (OSBO.L)

OSBO.L on London Stock Exchange

410.80GBp
22 Jun 2018
Change (% chg)

10.00 (+2.50%)
Prev Close
400.80
Open
403.00
Day's High
412.00
Day's Low
401.60
Volume
588,647
Avg. Vol
882,107
52-wk High
429.80
52-wk Low
356.00

Latest Key Developments (Source: Significant Developments)

JC Flowers sells 10 percent of OneSavings Bank shares ​
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Onesavings Bank Plc ::‍ACCELERATED BOOKBUILD OFFERING TO INSTITUTIONAL INVESTORS OF APPROXIMATELY 24.3 MILLION EXISTING ORDINARY SHARES IN ONESAVINGS BANK PLC ON BEHALF OF FUNDS MANAGED AND ADVISED BY J.C. FLOWERS & CO. LLC ​.TRANSACTION REPRESENTS APPROXIMATELY 10 PERCENT OF BANK'S ISSUED SHARE CAPITAL‍​.‍IN PARALLEL WITH BOOKBUILD, A NUMBER OF EXISTING ORDINARY SHARES IN ONESAVINGS BANK HELD ON BEHALF OF JCF FUNDS EQUAL TO APPROX. 9% OF NUMBER TO BE SOLD UNDER BOOKBUILD PROCESS WILL BE DISTRIBUTED TO CERTAIN INVESTORS IN JCF FUNDS ​.  Full Article

OneSavings Bank sees full year net loan book growth of about 20 pct
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - ONESAVINGS BANK PLC ::LOAN BOOK GROWTH OF 17% FOR NINE MONTHS TO 30 SEPTEMBER 2017 WITH NET LOANS AND ADVANCES GROWING BY £997M TO £6.9BN DURING PERIOD​.‍A RECORD QUARTER FOR ORGANIC ORIGINATIONS OF £677M IN THREE MONTHS TO 30 SEPTEMBER 2017​.‍TO DATE GROUP HAS DRAWN A TOTAL OF £1BN UNDER TERM FUNDING SCHEME AND DRAWINGS UNDER FUNDING FOR LENDING SCHEME HAVE BEEN REDUCED TO £92M​.‍EXPECT NET LOAN BOOK GROWTH OF C. 20% FOR FULL YEAR IN 2017​.‍EXPECT KEEPING NIM FOR FULL YEAR BROADLY FLAT TO 2016 AND COST TO INCOME RATIO BROADLY FLAT TO FIRST HALF​.‍"AS WE CONTINUE TO FOCUS ON PROFESSIONAL LANDLORDS AND INCREASE OUR MARKET SHARE. WE EXPECT LOAN BOOK GROWTH OF C.20% FOR FULL YEAR"-CEO​.  Full Article

JC Flowers sells 10 pct stake in OneSavings Bank for 110 mln stg
Thursday, 25 May 2017 

May 25 (Reuters) - Onesavings Bank Plc :Funds managed and advised by J.C. Flowers & Co. have sold 25,000,000 shares in OneSavings Bank PLC, representing approx. 10 pct of share capital.Shares were sold at 438 pence per share, equating to gross proceeds of approximately 110 million pounds ($142.87 million)for J.C. Flowers.  Full Article

JC Flowers funds to sell about 24.3 mln shares in OneSavings Bank - Bookrunner
Wednesday, 24 May 2017 

May 24 (Reuters) - Bookrunner::OneSavings Bank - Bookrunner says accelerated bookbuild offering of about 24.3 mln existing shares in OneSavings Bank plc.OneSavings Bank - offer represents about 10% of onesavings bank's issued share capital.OneSavings Bank - Bookrunner says on behalf of funds managed and advised by J.C. Flowers & Co. LLC (JCF funds).  Full Article

OneSavings says too soon to predict long-term impact of Brexit
Wednesday, 24 Aug 2016 

OneSavings Bank Plc : Interim report for the six months ended June 30, 2016 . Underlying profit before taxation(1) increased 36 pct to £64.6m (1h 2015: £47.6m) . Underlying loan book growth of 10 pct, excluding impact of Rochester disposal . Continued focus on cost efficiency and discipline alongside strong income growth drove a strong cost:income ratio(3) of 27 pct (1h 2015: 26 pct) . Come growth drove a strong cost:income ratio(3) of 27 pct (1H 2015: 26 pct) . . Continued focus on cost efficiency and discipline alongside strong income growth drove a strong cost:income ratio(3) of 27 pct (1h 2015: 26 pct) . Net interest margin (nim)(4) of 307bps (1h 2015: 305bps) . underlying return on equity(5 )of 29 pct (1h 2015: 31 pct) . Interim dividend of 2.9 p per share (1h 2015: 2.0p), fully-loaded common equity tier 1 (cet1) capital ratio at 13.3 pct (1h2015: 11.0 pct, FY 2015: 11.6 pct) . It is too soon to predict medium to long-term impact of Brexit on UK economy- CEO . Trading conditions in our core businesses remain very strong with current application levels significantly higher than run rate achieved in first half . OSB is reducing its standard variable rate (SVR) by full 25bps effective from Sept. 1, 2016 . This reduction is not expected to have a significant impact on our net interest margin due to rate reductions on administered savings.  Full Article

UPDATE 2-Britain's small banks ripe for takeover as CYBG and Virgin Money deal looms

* Further deals could follow as mid-tier consolidates (adds context, further possible deals)