Our history

OneSavings Bank plc ('OSB') began trading as a bank on 1 February 2011 and was admitted to the main market of the London Stock Exchange in June 2014 (OSB.L). OSB joined the FTSE 250 index in June 2015. OSB is a specialist lending and retail savings group authorised by the Prudential Regulation Authority (’PRA’), part of the Bank of England, and regulated by the Financial Conduct Authority (‘FCA’) and PRA.

Based in Chatham, Kent, the Group trades under the Kent Reliance, InterBay Commercial, Prestige Finance and Heritable Development Finance brands in the UK. It has a presence in the Channel Islands under the Jersey Home Loans and Guernsey Home Loans brands.

OSB primarily targets underserved market sub-sectors that offer high growth potential and attractive risk-adjusted returns in which it can take a leading position and where it has established expertise, platforms and capabilities. These include private rented sector Buy-to-Let, commercial and semi-commercial mortgages, residential development finance, bespoke and specialist residential lending and secured funding lines. OSB originates organically through specialist brokers and independent financial advisers. It is differentiated through its use of high skilled, bespoke underwriting and efficient operating model.

OSB is predominantly funded by retail savings originated through the long established Kent Reliance name, which includes online and postal channels, as well as a network of branches in the South East of England. Diversification of funding is currently provided by access to a securitisation programme and the Funding for Lending Scheme and Term Funding Scheme, which OSB joined in 2014 and 2016, respectively.

OneSavings Bank’s trade name Kent Reliance has over 150 years of heritage and can trace its roots back to 1847.

We subscribe to the Financial Services Compensation Scheme and the Financial Ombudsman Service.

Our brands

Read all about our different trading brands

Our business model

Find out about our business model