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BRIEF-Onesavings Bank reports strong Q1 performance
May 3, 2017 / 6:24 AM / 7 months ago

BRIEF-Onesavings Bank reports strong Q1 performance

May 3 (Reuters) - Onesavings Bank Plc

* OneSavings Bank plc, the specialist lending and retail savings group, today issues its trading update for the period from the 1(st) January 2017 to date.

* Strong financial and operational performance has continued in Q1.

* Loan book growth of 5% in Q1 with net loans & advances growing by £283m to £6,222m

* Organic origination of £599m in the first three months of 2017 with margins remaining very strong

* Group has drawn a total of £451m under term funding scheme (tfs) and drawings under funding for lending scheme (fls) have been reduced to £525m

* Business growth continues to be supported by a strong capital position Source text for Eikon: Further company coverage: (Reporting By Pamela Barbaglia)

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