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India

OneSavings Bank PLC (OSBO.L)

OSBO.L on London Stock Exchange

410.80GBp
14 Dec 2017
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885,659
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Latest Key Developments (Source: Significant Developments)

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

ONESavings Bank sells Rochester interest for 104 mln stg
Friday, 3 Jun 2016 

Onesavings Bank Plc : Now agreed sale of its entire economic interest in Rochester Financing No.1 Plc securitisation . Sale for for a total consideration of £104m . Transaction generated an exceptional pre-tax gain of c.£35m subject to finalisation of fees .One Savings Bank Plc : confirmation of disposal of economic interest in Rochester Financing No. 1 Plc.  Full Article

Onesavings Banks says disposes economic interest in Rochester Financing No. 1
Thursday, 26 May 2016 

Onesavings Bank Plc : Selling its entire economic interest in Rochester Financing No.1 Plc to Morgan Stanley .Deal will result in a consideration of not less than £95 million in cash; is expected to generate exceptional pre-tax gain of at least £25 million.  Full Article

Onesavings Bank says confident in outlook for 2016
Wednesday, 11 May 2016 

Onesavings Bank Plc : Net loans & advances grew by £460m during q1, . Confident in outlook for 2016. Further company coverage: [OSBO.L] ((Bengaluru Newsroom: +91 806 749 1136;)).  Full Article

UPDATE 2-Financials weigh on European stocks as "Trumpflation" hopes fade

* MSCI EMU earnings growth tracking 7 percent (Adds closing prices, comments)