Core Viewpoint - OSB Group PLC is preparing for changes in its Minimum Requirements for Own Funds and Eligible Liabilities (MREL) regime, effective from January 1, 2026, as notified by the Bank of England [4][5]. Group's MREL Requirements - The Group's MREL will be equal to the minimum capital requirements, which include Pillar 1 and Pillar 2A capital requirements set by the Prudential Regulation Authority (PRA) [5]. Company Overview - OSB Group PLC, trading as OneSavings Bank, began operations on February 1, 2011, and was listed on the London Stock Exchange in June 2014, joining the FTSE 250 index in June 2015 [7]. - The Group provides specialist lending and retail savings, regulated by the Financial Conduct Authority and the Prudential Regulation Authority [7]. Business Segments - OSB primarily targets high-growth market sub-sectors, including Buy-to-Let, commercial mortgages, and bespoke residential lending, utilizing a skilled underwriting process [8][9]. - Charter Court Financial Services Group (CCFS) focuses on Buy-to-Let and specialist residential mortgages, leveraging automated technology for efficient processing and risk management [11][12]. Funding Sources - OSB is mainly funded by retail savings through the Kent Reliance brand, with additional funding from securitisation programmes and the Bank of England's Term Funding Scheme [10]. - CCFS is predominantly funded by retail savings from its Charter Savings Bank brand, also utilizing securitisation and the Bank of England's funding schemes [13].

Time Finance has reported profit before tax of £4.3m ($5.7m) for the six months ended 30 November 2025 (H1 FY25/26), up 10% from £3.9m recorded in the same period last year (H1 FY24/25). The company’s lending book registered growth for 18 consecutive quarters alongside a decline in arrears and write-offs. The full unaudited interim results are expected to be published on 27 January 2026. During the first half, new business origination on the company’s own book rose by 48%, reaching £62m from £42m in H1 ...

Core Insights - Allica Bank's latest survey indicates a significant increase in asset finance broker confidence, with 51.2% of brokers expressing a positive outlook for the upcoming months, a notable rise from 24% in the previous quarter [1][2] - Despite mixed trading conditions, with 42.5% of brokers reporting a decline in asset finance applications, 28% noted an increase, suggesting resilience in the sector [2][3] - The bank highlights a £65 billion lending gap in SME finance due to high street banks reducing their involvement, contributing to the UK's lowest business investment rate in the G7 [3] Broker Confidence - Over half of the surveyed brokers (51.2%) have a positive outlook, more than double the previous quarter's figure of 24% [1] - Only 18% of brokers expressed concerns about the next six months, while 30% remained neutral [1] Trading Conditions - 42.5% of brokers reported a decrease in asset finance applications, indicating a cautious approach from some businesses [2] - Conversely, 28% of brokers experienced an increase in applications, consistent with the previous quarter's performance [2] - 30% of brokers indicated that application volumes remained largely unchanged [2] Sector Resilience - Allica Bank views the current figures as evidence of the sector's resilience amid challenging conditions [3] - Key sectors driving activity include transport and logistics, construction, and manufacturing, which have remained consistent over previous quarters [3] Strategic Initiatives - Allica Bank has launched its lowest asset finance rate in three years for hard assets, aimed at supporting brokers and their clients [4] - The bank's commitment to helping businesses succeed is emphasized by its proactive approach in the current lending environment [4] - Brokers are experiencing renewed excitement in client conversations, focusing on future opportunities despite ongoing caution [4]

Core Viewpoint - Aldermore Group reported a 24% year-on-year decline in profit after tax, amounting to £141.1 million ($190.8 million) for the financial year ending June 30, 2025, primarily due to increased charges related to historical motor finance commissions and the non-recurrence of prior year's impairment provision releases [1][2]. Financial Performance - The group's total income increased by 2%, rising to £600.4 million from £585.8 million in the previous year [2]. - Customer lending rose by 8% over the 12 months, reaching £16.60 billion, up from £15.33 billion the previous year, with growth across all lending segments [4]. - Customer deposits increased by 5%, totaling £17.04 billion, driven by growth in personal savings and corporate deposits [5]. Capital and Liquidity - The CET1 ratio improved to 16.1% before a £125 million dividend, compared to 15.9% the previous year, and after accounting for the expected dividend, the CET1 ratio stood at 14.9%, remaining above the medium-term target range of 13% to 14% [5]. Management Commentary - The CEO highlighted the company's resilient profitability and lending balance growth, along with significant net inflows into savings products, while maintaining a strong capital and liquidity position [2]. - The company emphasized a disciplined approach to cost management and capital allocation to ensure long-term resilience and growth [4].

Core Insights - Ultimate Finance has appointed Paul Hansen as the asset finance sales director to enhance its broker-first growth strategy and leadership team following record expansion in its asset finance loan book [1][4]. Group 1: Appointment and Responsibilities - Paul Hansen brings over 30 years of experience in asset finance sales, having held senior roles at Novuna Business Finance, Aldermore Bank, and Shawbrook Bank [2]. - Hansen's responsibilities will include leading the asset finance sales strategy, driving new business growth, and improving engagement with the broker network [2]. Group 2: Company Performance - Ultimate Finance reported its highest ever half-year origination results, with £126 million ($170 million) in new business lending, a 15% increase compared to the same period in 2024 [4]. - The company's lending book grew to £357 million in the first half of the year, indicating positive results across all business sectors [5]. Group 3: Product Enhancements - Ultimate Finance increased its maximum invoice finance facility size from £7 million to £10 million to meet larger funding needs [5]. - The company introduced enhancements in its bridging finance offerings, including reduced pricing on development exit facilities and a new light-touch refurbishment option with up to an 85% day-one loan-to-value ratio [6].

Core Insights - The Group's financial results for the first half of 2025 show resilient performance and strategic progress, aligning with management expectations during a two-year transition period [2][11][32] - The net loan book increased by 1.2% to £25.4 billion, supported by a 10% growth in originations to £2.1 billion [6][12][54] - Profit before tax decreased by 20% to £192.3 million, primarily due to lower net interest income and a fair value loss on financial instruments [13][39] Financial Performance - Net interest income was £337.0 million, down 5% from £353.5 million in H1 2024, with a net interest margin (NIM) of 230 basis points [6][41] - Administrative expenses rose to £131.4 million, a 4% increase from £126.2 million in H1 2024, leading to a cost-to-income ratio of 40.3% [6][46] - Return on tangible equity (RoTE) was 13.7%, down from 17.4% in the prior period [6][17] Loan Book and Originations - The Group's loan book diversification strategy continued, with significant growth in originations across Commercial, Asset Finance, Residential Development, and Bridging segments [4][19] - Buy-to-Let lending remained the largest segment, accounting for 69% of the total gross loan book, down from 70% at the end of 2024 [21][70] - Total originations for H1 2025 reached £2.1 billion, a 10% increase compared to £1.9 billion in H1 2024 [6][76] Capital and Liquidity - The Common Equity Tier 1 (CET1) capital ratio was strong at 15.7%, down from 16.3% at the end of 2024 [6][60] - Retail deposits increased by 3% to £24.6 billion, contributing to the repayment of £730 million of TFSME funding [6][55] - The Group's liquidity coverage ratio was 167%, significantly above the regulatory minimum [56][58] Dividend and Shareholder Returns - An interim dividend of 11.2 pence per share was declared, representing a 5% increase from 10.7 pence in H1 2024 [6][52] - The Group's strategy aims to support both net loan book growth and further capital returns to shareholders [31][35]