Sophisticated funding platform

Our key strengths

  • Stable savings funding via Kent Reliance and Charter Savings Bank brands
  • Capital markets expertise with securitisation platforms allowing for programmatic issuance of high quality residential mortgage-backed securities (‘RMBS’)

Statutory retail deposits

  • 2019: £16.3bn
  • 2018: £8.1bn

Strategic priorities

  • Provide cost-efficient funding through a resilient and diversified funding platform to support our future growth
  • Deliver consistently good value savings products to our customers
  • Pursue sophisticated wholesale funding markets and efficient balance sheet management

Group’s funding channels as at 31 December 2019

Retail: 83%

Bank of England: 15%

Wholesale: 2%

17 securitisations since 2013 across OSB and CCFS worth over £5.7bn

2018: 13 securitisations worth £4.2bn

Our history

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Our business model

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