OneSavings Bank PLC (OSBO.L)
19 Mar 2019
Thu, Mar 14 2019
Charter Court Financial and OneSavings are set to create one of Britain's biggest specialist lenders in a merger that will bolster their defenses in the face of uncertainty brought on by Brexit.
* To become "stronger together" ahead of Brexit- OneSavings CEO
March 14 OneSavings Bank Plc has agreed to merge with online mortgage bank Charter Court Financial in an all-share deal, the lender said on Thursday, giving it more heft as it takes on the bigger banks in Britain.
Online mortgage bank Charter Court Financial Services and OneSavings Bank are in advanced talks to create one of Britain's biggest specialist lenders, marking a major step toward consolidation in the challenger banking market.
* Potential merger to create a leading specialist mortgage lender
March 11 British online mortgage bank Charter Court Financial Services and OneSavings Bank Plc are in advanced discussions regarding a possible all-share combination, the companies said in a statement.
Nov 8 OneSavings Bank Plc raised its lending growth guidance forecast to about 20 percent on Thursday, its second increase in three months, as it benefited from a focus on providing mortgage credit to bigger, professional landlords.
Nov 8 OneSavings Bank Plc raised its full-year net loan book growth guidance to about 20 percent on Thursday, helped by its focus on bigger, professional landlords and a strong pipeline for the final quarter.