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OSB sticks to guidance as loan book grows

Wed, 5th May 2021

Specialist lender OSB stuck to its full-year guidance amid a rise in loans and advances. Underlying net loans and advances for the three months through March increased 3% since the end of December to £19.6 billion. Organic originations of £1.1 billion were down from £1.5 billion year-on-year on tighter post-Covid criteria, but at 'attractive' margins. 'We entered the second quarter with a robust pipeline of new business and applications in our core Buy-to-Let and Residential sub-segments remain strong,' chief executive Andy Goldin said. 'We continue to control volumes in our more cyclical product lines.' Story provided by

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