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OneSavings Bank PLC

OSBO.L

Latest Trade

384.80GBp

Change

-15.00(-3.75%)

Volume

312,045

Today's Range

380.40

 - 

404.20

52 Week Range

312.80

 - 

458.80

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Charter Court Financial Services Announces Cancellation Of Listing Of Shares

Oct 8 (Reuters) - Charter Court Financial Services Group PLC <CCFS.L>::CANCELLATION OF LISTING OF CHARTER COURT FINANCIAL SERVICES GROUP PLC.CANCELLATION OF LISTING OF CO'S SHARES WITH EFFECT FROM 8.00 A.M. 8 OCTOBER 2019.

OneSavings Bank Updates On Regulatory Clearance

Sept 20 (Reuters) - OneSavings Bank Plc <OSBO.L> ::ANNOUNCES REGULATORY CLEARANCE.FCA & PRA APPROVED DEAL OF CONTROL BY OSB OF EACH UK AUTHORISED PERSON OVER WHICH COMBINATION CONTEMPLATES DEAL OF CONTROL BY OSB.SCHEME COURT SANCTION HEARING RELATING TO DEAL WILL TAKE PLACE ON OCT 3.

Lender Charter Court Says No Deal Brexit Could Increase Credit Losses

Aug 21 (Reuters) - Charter Court Financial Services Group PLC <CCFS.L>::ANOTHER STRONG HALF YEAR OF ORIGINATIONS.COMBINATION WITH ONESAVINGS BANK APPROVED BY SHAREHOLDERS.HY PROFIT BEFORE TAX OF £82.6 MILLION (H1 2018: £93.1 MILLION)..LOAN BOOK UP 23.8% YEAR-ON-YEAR TO £7.0 BILLION AT 30 JUNE 2019 (30 JUNE 2018: £5.7 BILLION, 31 DECEMBER 2018: £6.7 BILLION.HY ADJUSTED PROFIT BEFORE TAX £86.4M VERSUS £93.1M.HY NET INTEREST MARGIN 3.04% VERSUS 3.08%.HY CET1 RATIO 15.6% VERSUS 16.6%.HY RETURN ON EQUITY 26.5% VERSUS 38.4%.HY DIVIDEND PER SHARE 4.3P VERSUS 2.8P.DELIVERED AGAINST ALL OUR TARGETS IN FIRST HALF OF 2019.DESPITE HEIGHTENED UNCERTAINTY IN WIDER ECONOMY, WE CONTINUE TO SEE ROBUST DEMAND FOR OUR SPECIALIST LENDING PROPOSITIONS.CONSCIOUS THAT OUR KEY SUPPLIERS AND OUTSOURCE PARTNERS MAY BE AFFECTED BY BREXIT.GIVEN INHERENT MATERIAL UNCERTAINTY OF BREXIT A CAUTIOUS BUT PRAGMATIC APPROACH HAS BEEN ADOPTED.THERE IS MORE LIKELIHOOD OF A 'NO DEAL' BREXIT WHICH BRINGS ECONOMIC UNCERTAINTY AND POTENTIALLY INCREASED CREDIT LOSSES.ONGOING UNCERTAINTY AROUND BREXIT HAS CONTINUED TO HAMPER UK RMBS, WITH SPREADS TRACKING RELATIVELY WIDE.BREXIT DECISION CONTINUES TO BE MONITORED BY MANAGEMENT AND AT 30 JUNE 2019 THE BREXIT OVERLAY HAS BEEN INCREASED TO £1.9 MILLION‍​.

OneSavings Sees High-Teens 2019 Net Loan Book Growth, Housing Market Pressured By Brexit

Aug 21 (Reuters) - OneSavings Bank PLC <OSBO.L>::REG-HALF-YEAR REPORT.OUR CORE MARKET SEGMENTS REMAIN ATTRACTIVE AND WE HAVE CONFIDENCE IN CONTINUING TO DELIVER GROWTH IN OUR NET LOAN BOOK.INTERIM DIVIDEND OF 4.9P PER SHARE, UP 14%.HY UNDERLYING PROFIT BEFORE TAX(1) INCREASED 6% TO £96.9M (H1 2018: £91.8M).HY STATUTORY PROFIT BEFORE TAX REMAINED BROADLY FLAT AT £91.0M (H1 2018: £91.8M).HY NET LOAN BOOK GROWTH OF 10%, DRIVEN BY 13% GROWTH IN GROSS ORGANIC ORIGINATION TO £1,635M (H1 2018: £1,444M).HY COST TO INCOME RATIO(2) OF 28% (H1 2018: 27%).HY NET INTEREST MARGIN ('NIM')(3) OF 278BPS (H1 2018: 301BPS).HY LOAN LOSS RATIO(4) OF 12BPS (H1 2018: 11BPS).HY FULLY-LOADED COMMON EQUITY TIER 1 ('CET1') CAPITAL RATIO STRONG AT 13.0% (FY 2018: 13.3%).INTERIM DIVIDEND OF 4.9P PER SHARE, UP 14% (H1 2018: 4.3P)(.SAW GOOD OPPORTUNITIES IN PROFESSIONAL BUY-TO-LET SEGMENT.NIM DECREASED IN FIRST HALF, PRIMARILY DUE TO CHANGING MIX OF LOAN BOOK DESPITE BROADLY STABLE ASSET PRICING.NOW EXPECT TO DELIVER HIGH-TEENS NET LOAN BOOK GROWTH IN 2019 AT ATTRACTIVE MARGINS.AS A CONSEQUENCE OF COMBINATION WITH CHARTER COURT WE ARE UNABLE TO PROVIDE DETAILED GUIDANCE FOR FINANCIAL YEAR AHEAD.WAS NO MATERIAL CHANGE IN SEVERITY OR PROBABILITY WEIGHTINGS ASSIGNED TO GROUP'S MACROECONOMIC SCENARIOS IN FIRST HALF OF 2019.BANK'S PROVISIONS UNDER IFRS 9 ARE PARTICULARLY SENSITIVE TO WEIGHTING APPLIED TO MORE SEVERE DISORDERLY NO-DEAL BREXIT SCENARIO.

Elliott Capital Discloses 0.1% Interest In Onesavings Bank PLC As Of Aug 12

Aug 13 (Reuters) - OneSavings Bank PLC <OSBO.L>::ELLIOTT CAPITAL ADVISORS, L.P. DISCLOSES 0.1% INTEREST IN ONESAVINGS BANK PLC AS OF AUG 12.

UK Competition Watchdog Probes Charter Court, Onesavings Merger

June 5 (Reuters) - UK'S CMA::MERGER NOTICE BY ONESAVINGS BANK IN RELATION TO CHARTER COURT FINANCIAL SERVICES DEAL MEETS REQUIREMENTS OF SECTION 96(2) OF THE ACT.DEADLINE FOR CMA TO ANNOUNCE WHETHER TO REFER ONESAVINGS BANK/CHARTER COURT FINANCIAL MERGER FOR PHASE 2 INVESTIGATION IS 30 JULY 2019.

Charter Court Says Qtrly Loan Book Up 17.9% To 6.5 Bln Stg

May 15 (Reuters) - Charter Court Financial Services Group PLC <CCFS.L>::1ST QUARTER RESULTS.LOAN BOOK UP 17.9% YEAR-ON-YEAR TO £6.5 BILLION AT 31 MARCH 2019 (31 MARCH 2018: £5.5 BILLION).FIRST-QUARTER NEW LOAN ORIGINATIONS OF £710 MILLION (Q1 2018: £668 MILLION).CUSTOMER DEPOSITS UP 29.7% YEAR-ON-YEAR TO £5.6 BILLION AT 31 MARCH 2019 (31 MARCH 2018: £4.3 BILLION).CHARTER COURT FINANCIAL SERVICES GROUP PLC QTRLY CET11 RATIO OF 16.3% (UNAUDITED).QTRLY EXPECTS TO PUBLISH ITS SCHEME DOCUMENT IN CONNECTION WITH ALL-SHARE COMBINATION WITH ONESAVINGS BANK PLC LATER TODAY.

Onesavings Charter Recommends All-Share Merger Of Co And Charter Court Financial

March 14 (Reuters) - OneSavings Bank PLC <OSBO.L>::ONESAVINGS CHARTER COURT FIN - RECOMMENDED ALL-SHARE COMBINATION OF OSB AND CCFS.ONESAVINGS CHARTER COURT FIN - RECOMMENDED ALL-SHARE COMBINATION OF OSB AND CCFS.ONESAVINGS BANK PLC - EACH CHARTER COURT SHAREHOLDER WILL BE ENTITLED TO RECEIVE: FOR EACH CHARTER COURT SHARE: 0.8253 NEW OSB SHARES.ONESAVINGS BANK - IMMEDIATELY FOLLOWING COMPLETION, CHARTER COURT SHAREHOLDERS WILL OWN APPROXIMATELY 45 PER CENT. OF SHARE CAPITAL OF COMBINED GROUP.ONESAVINGS - BELIEVES DEAL WITH CHARTER COURT WILL RESULT IN £22 MILLION PRE-TAX COST SYNERGIES ON ANNUAL RUN-RATE BASIS BY 3RD YEAR OF DEAL CLOSE.ONESAVINGS BANK - ANDY GOLDING & APRIL TALINTYRE, CEO & CFO OF CO RESPECTIVELY, TO RETAIN THEIR POSITIONS OF CEO & CFO RESPECTIVELY IN COMBINED GROUP.ONESAVINGS - DEAL ANTICIPATED TO BE EARNINGS ACCRETIVE FOR SHAREHOLDERS OF BOTH OSB AND CHARTER COURT IN 2021 (EX. ADDITIONAL FINANCING COSTS).ONESAVINGS BANK - SEBASTIEN MALONEY, CURRENTLY CFO OF CHARTER COURT, WILL BE RETAINED AS AN ADVISER TO COMBINED GROUP FOR A PERIOD OF UP TO 12 MONTHS.ONESAVINGS BANK PLC - IAN LONERGAN, CURRENTLY CEO OF CHARTER COURT, WILL ASSUME ROLE OF INTEGRATION DIRECTOR OF COMBINED GROUP.ONESAVINGS - UPON DEAL CLOSE, CO INTENDS THAT COMBINED GROUP WILL MAINTAIN CURRENT LOCATIONS AND BE HEADQUARTERED IN CHATHAM, UK.ONESAVINGS BANK - COMBINED GROUP TO ADOPT POLICY OF PAYING OUT AT LEAST 25% OF UNDERLYING PROFIT AFTER TAXATION ATTRIBUTABLE TO ORDINARY SHAREHOLDERS.

Charter Court Financial FY Pretax Profit 158.2 Mln stg Vs 111.7 Mln stg

March 14 (Reuters) - Charter Court Financial Services Group PLC <CCFS.L>::CHARTER COURT FINANCIAL SERVICES GROUP PLC - FY PROFIT BEFORE TAX £158.2M VERSUS £111.7M.CHARTER COURT FINANCIAL SERVICES GROUP PLC - FY NET INTEREST MARGIN 3.08% VERSUS 3.19%.CHARTER COURT FINANCIAL SERVICES GROUP PLC - 24.2% LOAN BOOK GROWTH (2017: 40.9%) FOR FY.CHARTER COURT FINANCIAL SERVICES GROUP PLC - BOARD HAS INCREASED DIVIDEND PAY-OUT RATIO TO 25% OF RETAINED PROFIT FOR YEAR.CHARTER COURT FINANCIAL SERVICES GROUP PLC - INAUGURAL TOTAL DIVIDEND PER SHARE 12.7P FOR 2018.CHARTER COURT FINANCIAL SERVICES - CET1 RATIO AT FY-END 15.7% VERSUS 15.6%.CHARTER COURT FINANCIAL SERVICES GROUP PLC - FINAL DIVIDEND OF 9.9 PENCE PER SHARE MAKES AN INAUGURAL TOTAL DIVIDEND FOR 2018 OF 12.7 PENCE PER SHARE.CHARTER COURT FINANCIAL SERVICES GROUP PLC - HAS A ROBUST PIPELINE GOING INTO 2019 AND HAS MADE A POSITIVE START TO YEAR.CHARTER COURT - BOARDS OF CHARTER COURT AND ONESAVINGS BANK PLC EXPECT TO RECOMMEND POSSIBLE COMBINATION TO THEIR RESPECTIVE SHAREHOLDERS.

Onesavings FY Underlying Pretax Profit Up 15 Pct To 193.6 Mln stg

March 14 (Reuters) - OneSavings Bank PLC <OSBO.L>::ONESAVINGS - PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DEC 2018.FY UNDERLYING PROFIT BEFORE TAX(1) INCREASED 15% TO £193.6M (2017: £167.7M).FY UNDERLYING PROFIT BEFORE TAX INCREASED 15% TO £193.6M (2017: £167.7M).WHILST ECONOMIC EFFECT OF BREXIT MAY IMPACT SOME BUSINESS OPPORTUNITIES, ONESAVINGS BANK IS POSITIONED WELL.FY LOAN BOOK GROWTH OF 23% TO £9.0BN (2017: £7.3BN).FY NET INTEREST MARGIN AT 304BPS (2017: 316BPS).RECOMMENDED FINAL DIVIDEND OF 10.3 PENCE PER SHARE GIVING A FULL YEAR DIVIDEND OF 14.6 PENCE PER SHARE.ONESAVINGS BANK SAYS CORE BUY-TO-LET SEGMENT CONTINUED TO GROW IN FY, ATTRACTING PROFESSIONAL LANDLORDS.NOT ABLE TO PROVIDE USUAL DETAILED GUIDANCE FOR FINANCIAL YEAR AHEAD.FY COMMON EQUITY TIER 1 ('CET1') CAPITAL RATIO OF 13.3% (2017: 13.7%).WE ARE TODAY PLEASED TO ANNOUNCE RECOMMENDED ALL-SHARE COMBINATION OF ONESAVINGS BANK AND CHARTER COURT FINANCIAL.ONESAVINGS BANK - DESPITE UNCERTAINTY SURROUNDING BREXIT, WE WOULD EXPECT TO DELIVER MID-TEENS NET LOAN BOOK GROWTH IN 2019.SEES 2019 NIM MARGINALLY LOWER THAN 2018.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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