OneSavings Bank Plc which trades as Kent Reliance Banking Services or krbs.com is a British banking company that has been formed by Kent Reliance Building Society

Kent Reliance Building Society

Kent Reliance Banking service, also known as KRBS, was a building society based in Kent, England. Incorporating the Chatham Reliance , Dover District , Herne Bay and Kent & Canterbury , KRBS was the fastest growing building society in the UK between 2003 and 2008 and was a member of the Building...

 and JC Flowers

JC Flowers

J.C. Flowers & Co. is a private equity investment firm, focused on investments in the financial services sector. The firm, founded in 2001, is based in New York City and run by billionaire J. Christopher Flowers, a former Goldman Sachs partner....

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Banking Services

The business of Kent Reliance Building Society was transferred to the new entity, OneSavings Plc, on 1 February 2011 and OneSavings Plc was immediately renamed OneSavings Bank Plc. The transfer was approved by the members of the society in November 2010 . Kent Reliance Building Society, in common with other British financial institutions, struggled following the financial crisis and decided to seek new capital to enable it to continue lending. The deal is the first of its kind in the British financial mutual sector. The transfer of assets was approved by 75.8% of investing members voting in favour of the transfer, compared to 75% required to approve the deal .
OneSavings Bank currently offer Savings Accounts, Mortgages, ISA

ISA

Isa is the name by which Jesus is known in the Muslim world.Isa may also refer to:* Isha Upanishad, Hindu religious text* Isa , 2004 album by Enslaved* Isa , common Arabic and Turkish male name...

s, and a limited Insurance

Insurance

In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

 range under the KRBS Brand..

Ownership

59.9% of the shares in OneSavings are owned by the Kent Reliance Provident Society

Kent Reliance Provident Society

Kent Reliance Provident Society ' is an Industrial and Provident Society in the United Kingdom, it is also a member of Co-operatives UK. KRPS currently holds the majority of shares in OneSavings Bank Plc following the transfer of the Kent Reliance Building Society business to OneSavings Plc on 1...

and 40.1% are owned by JC Flowers.. Following the transfer of business in February 2011, the Kent Reliance Building Society was dissolved and its members became members of Kent Reliance Provident Society.