6th Nov 2025 10:34
(Alliance News) - OSB Group PLC on Thursday said it is on track to hit its annual guidance and the lender reported net loan growth over the first nine months of the year.
OSB said its net loan book rose 1.8% to GBP25.59 billion in the nine months to September 30, from GBP25.13 billion at the end of December.
"The group's net loan book grew in line with expectations in the first nine months of 2025 supported by a 19% increase in originations to GBP3.4bn compared to GBP2.8bn in the first nine months of 2024. In September, the group sold its portfolio of second charge mortgages (GBP130 million). Excluding the sale, the net loan book would have increased by 2.3% from 31 December 2024," OSB added.
"The group is delivering on its plan to evolve its loan book mix. Originations in higher-yielding sub-segments in the first nine months of 2025 outpaced origination volumes in buy-to-let. Origination and retention margins remained in line with expectations."
Chief Executive Officer Andy Golding added: "I am pleased with the group's resilient financial performance and strategic progress in the nine months to 30 September. We have delivered in line with our plan and we are on track for the full year 2025 net interest margin, administrative expenses, loan book growth and return on tangible equity guidance."
OSB is targeting a full-year NIM of around 2.25%, an RoTE in the "low teens" and loan brook growth of low single digits.
OSB shares rose 2.3% to 538.00 pence each in London on Thursday morning.
By Eric Cunha, Alliance News news editor
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
OneSavings Bank