A different sort of newcomer bank. Formerly Kent and Reliance Building Society, most of their funding is from retail deposits and balance sheet is more easily understood than the impenetrable ones of the big banks. Heavily into the buy to let sector of lending, so rapid growth last two years likely to tail off, but nothing wrong with a good cash cow. Yield should be around 5% this year. I have bought a modest holding but always dyor.

Interims out this Thursday and will be interesting to see how OSB are doing.

The only bank I would invest in at the moment.

Interims:

http://www.moneyam.com/action/news/showArticle?id=6101970

34,000 shares sold by a relative http://www.moneyam.com/action/news/showArticle?id=6124003

Directors sell for tax liabilities http://www.moneyam.com/action/news/showArticle?id=6130715

Trading update https://www.moneyam.com/action/news/showArticle?id=6198912