OSB Group PLC has lowered its 2026 net interest margin guidance to 215 to 220 basis points and its return on tangible equity forecast to around 12.5 percent, citing elevated retail funding costs that are expected to persist. The specialist lender reported a 1.3 percent increase in its net loan book to 26.3 billion pounds for the six months ended 30 June 2026, supported by a 10 percent rise in originations to 2.3 billion pounds. Net interest income edged up 1 percent to 339.8 million pounds, but profit before tax fell to 187.2 million pounds from 192.3 million pounds a year earlier, weighed by a higher impairment charge and increased administrative expenses. The group also announced that CEO Andy Golding will retire on 31 August 2026, with Enrique Alvarez Labiano taking over the following day, and declared an interim dividend of 11.8 pence per share, up 5 percent.
OneSavings Bank PLCOSB Group cuts 2026 margin and return guidance due to funding cost pressures, and profit before tax fell.
