OneSavings Bank plc (LON:OSB)

OneSavings Bank PLC, now called the OBS Group PLC, is a UK-based specialist lending and retail Savings Company. It operates in various segments of the lending market through independent financial advisors and specialist brokers. The segments include residential mortgages, buy to let/SME and personal loans. It offers fixed, notice, easy access, and regular savings products. It is publicly listed on the London Stock exchange since 2014. It is authorized by the PRA, a part of the Bank of England. It is regulated by the FCA and is also a part of the FTSE 250 index since 2015. In 2019, CCFS (Charter Court Financial Services Group PLC) was acquired by it as a subsidiary business. In 2020, OBS Group PLC became the parent company and the listed entity within the OSB Group. Kent Reliance franchise is the primary source of funding for the bank, through its retail savings. Diversification of funding is currently provided by securitization programs, the Term Funding Scheme, and the Bank of England Indexed Long-Term Repo operation.

The company provides Buy-to-let/SME mortgages through professional and experienced landlords. Such mortgages are secured on residential property which are held for investment purposes. It also provides commercial mortgages secured on both commercial as well as semi commercial properties held for investment purposes or for occupation by the owner. In addition to these, the company also provides residential mortgages for development financing, covering both small sized and medium size developers, and securing funding lines for other lenders. The company also offers tailor-made first charge, second charge and shared ownership residential mortgages through specialist brokers. Apart from these secured lendings, the company also offers unsecured lending services.

The business model of the company focuses on fulfilling its corporate, social as well as environmental responsibilities. It focuses on the community while focusing on its own employees. It is involved in various charity events and partnerships across UK and India and focuses on Volunteering, Fundraising and Community Investment. It abides by the Modern Slavery Act, 2015 and is committed to reduce the gender pay gap among its employees to develop a transparent culture and a diverse workforce. The company is also working towards reducing its carbon footprint by aligning with international best practices to strive for sustainable solutions, like investing in electric vehicles. The aim is to maximize the returns for all stakeholders, with minimum harm to the environment and society in general.