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445p 43.0  10.7%

Last Trade - 13/12/19

Sector
Financials
Size
Mid Cap
Market Cap £1.98bn
Enterprise Value £512.0m
Revenue £304.7m
Position in Universe 301st / 1841

BRIEF-OneSavings Bank Expects To Deliver Net Loan Book Growth Of High-Teens For 2019

Wed 13th November, 2019 7:43am
Nov 13 (Reuters) - OneSavings Bank PLC  OSBO.L :
    * REG-Q3 TRADING UPDATE
    * LOAN BOOK GROWTH OF 15% FOR NINE MONTHS TO 30 SEPTEMBER
2019,
WITH NET LOANS AND ADVANCES UP BY £1,307M TO £10.3BN DURING
PERIOD
    * NEW ORIGINATIONS OF £842M IN THREE MONTHS TO 30 SEPTEMBER
2019
(Q3 2018: £730M) AND £2.5BN FOR NINE MONTHS TO 30 SEPTEMBER
    * WE EXPECT TO DELIVER NET LOAN BOOK GROWTH OF HIGH-TEENS
FOR 2019
    * EXPECT NET INTEREST MARGIN (NIM) TO BE BROADLY FLAT FOR
FULL
YEAR COMPARED TO FIRST HALF, IN-LINE WITH MANAGEMENT
EXPECTATIONS
    * NEW ORIGINATIONS OF £865M IN THREE MONTHS TO 30 SEPTEMBER
2019
(Q3 2018: £708M)
    * LENDING FRANCHISES ARE "PERFORMING VERY WELL" DURING Q3
    * DURING QUARTER, CHARTER MORTGAGES LIMITED SUCCESSFULLY
SOLD A
RESIDUAL INTEREST IN PRECISE MORTGAGE FUNDING 2019-1B PLC
    * SALE GENERATED A PRE-TAX GAIN OF £28.8M DURING Q3
    * NET LOANS AND ADVANCES UP BY £236M TO £6.9BN DURING Q3 (30
SEPTEMBER 2018: £787M AND £6.2BN RESPECTIVELY

Source text for Eikon:  ID:nGNEbVtsm4 
Further company coverage:  OSBO.L 

 ((Reuters.Briefs@thomsonreuters.com;))

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