OneSavings Bank plc (OSB) has reported that its “encouraging” financial performance during the first half of the year has continued through to the third quarter.
The specialist lending and retail savings group today issued its Interim Management Statement for the period from 1 July 2014 to date.
The group saw growth in new savings and lending volumes during the quarter, with organic origination volumes of £0.4bn taking gross lending for the nine months to 30 September to £1.1bn.
OSB said it continues to see attractive opportunities for growth across the specialist lending sub-sectors in which it operates. It owns commercial brand InterBay Commercial and secured lender Prestige Finance.
Andy Golding, CEO of OneSavings Bank, said: “I am very pleased with our 2014 performance to date, with strong high-return organic origination driving a significant improvement in year-on-year profitability. Demand in our chosen markets remains high and we continue to see opportunities for growth.
“Customer service remains a key focus and I was particularly pleased to see Kent Reliance named as the savings account provider with the best customer service in the UK by Which?”
