Key figures for OneSavings Bank 2019

Founded in 2011, OneSavings Bank plc is a specialist retail savings group and challenger bank headquartered in the United Kingdom (UK). The Bank has seen high growth in 2019 as compared to 2018 due mainly to the merger with Charter Court Financial Services Group plc (CCFS) in October 2019. Because of this, a number of he key ratios have been included as underlying results.

Challenger banks

The term 'Challenger Bank' is used as a description of banks and financial services that were created after the Global Financial Crisis and have made significant impact in 'challenging' incumbent large banks or have had a significant impact on the market. KPMG describe four main areas in which challenger banks have appeared in the market in the United Kingdom. These include full-service retail banks such as CYBG/Virgin Money, Metro Bank, TSB Bank and the Co-op, Specialist lenders such as OneSavings Bank and Aldermore, retailer banks including Tesco's and Sainsbury's and Digital Banks. As the newest and perhaps the most exciting facet of challenger banks, Digital banks are mobile app-based banks that do not have a physical presence on the high street. Due to their simplicity and ease of use they have attracted significant attention from customers and investors alike.

Key figures and ratios for OneSavings Bank plc in the United Kingdom (UK) in 2018 and 2019

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Source

Release date

March 2020

Region

United Kingdom

Survey time period

Year ending December 31st, 2018 and December 31st, 2019

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Statistics on "Banking channels in the United Kingdom (UK)"

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