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Annual Results

OSB's underlying pre-tax profit up 29%

31 March 2017 13:03

ONE Savings Bank (LON:OSB) has reported that underlying pre-tax profit increased by 29% in 2016 to £137.0m (2015: £105.9m) and underlying basic earnings per share grew by 20% to 41.7p (2015: 34.8p).

The Group said it grew its loan book by 16% to £5.9bn in 2016 (2015: £5.1bn), whilst maintaining an appropriate risk return profile.

Excluding the Rochester disposal, the loan book grew by 20%, driven by strong new originations in its core Buy-to-Let/SME segment.

The dividend per share increased by 21% at 10.5p.

At 1:03pm: (LON:OSB) Onesavings Bank share price was +1.65p at 399.45p

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