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UK's OneSavings Bank reports 60 pct jump in half-yearly profit

Reuters - UK Focus

Aug 26 (Reuters) - British lender OneSavings Bank Plc (Stuttgart: 2OS.SG - news) reported a 60 percent increase in underlying pretax profit for the first half, bolstered by a robust rise in lending to small and medium enterprises.

The challenger bank, which was the first bank to list among others in more than a decade on the London Stock Exchange (Other OTC: LDNXF - news) last year, said it expected loan book growth for the full year marginally ahead of the 29 percent growth in 2014.

Shares (Berlin: DI6.BE - news) in OneSavings, which offers residential mortgages, buy-to-let and SME loans, have risen more than 80 percent in value from since going public last year. (Reporting by Aashika Jain in Bengaluru; Editing by Gopakumar Warrier)