London, GB 9 °C

Thursday, March 28, 2024

News

Bank reports 5% loan book growth

Jordan Williams | 15:05 Friday 5th May 2017

OneSavings Bank has reported a 5% surge in its loan book for the first quarter of 2017, following exceptionally strong levels of new mortgage applications.

In a trading statement, the bank said its net loans and advances grew by £283m to £6.2bn, with £599m of organic origination for the period.

The group has now drawn a total of £451m under the Term Funding Scheme, with drawings under the Funding for Lending Scheme reduced to £525m.

Andy Golding, CEO of OneSavings Bank, said: "I am delighted with the performance of the business so far this year.

“This further demonstrates the strength of our specialist capabilities, which line up directly with the continuing professionalisation of the buy-to-let market.

“We remain confident of achieving at least mid-teens net loan book growth in 2017.”

leave a comment

Your email address will not be published.