Kent Reliance Provident Society
 | |
| Company type | Mutual |
|---|---|
| Industrie | Financial services |
| Gegründet | 2011 |
| Hauptsitz | Chatham, Kent, United Kingdom |
Key people | Malcom McCaig |
| Subsidiaries | OneSavings Bank Plc (59.9% share) |
| Website | http://www.krps.com |
Kent Reliance Provident Society (KRPS) is an Industrial and Provident Society in the United Kingdom. KRPS currently holds the majority of shares in OneSavings Bank Plc[1] following the transfer of the Kent Reliance Building Society business to OneSavings Plc on 1 February 2011 and the subsequent renaming of OneSavings to OneSavings Bank Plc. [2] The remaining shares in OneSavings Bank Plc are owned by the private equity firm JC Flowers. The transfer was narrowly approved by 75.8% of Kent Reliance Building Society's investing members [3], compared to the 75% required to approve it. KRPS claims on its website that "...it is in the members' best interests to retain a structure that can allow for continued mutuality (through KRPS), rather than bring about an outright demutualisation [of KRBS]."[4] ,however, this could change in the future if KRPS reduces its stake in OneSavings Bank.[5]
All members of the former Kent Reliance Building Society became members of KRPS on 1 February 2011. [6]
KRPS Rewards
KRPS Rewards is a discount club which is free to join for KRPS members.[7]
See Also
Kent Reliance Building Society
References
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