LONDON:

One Savings Bank Plc said it had increased its focus on professional landlords and tightened lending criteria for financing smaller residential developments after Britain voted to leave the European Union.

The bank also said underlying pretax profit jumped 36 percent to 64.6 million pounds ($85 million), ahead of consensus estimates, as it issued more mortgages and loans to small and medium-sized businesses over the six months to June 30.

The lender’s shares jumped as much as 13.7 percent to 269.7 pence on the London Stock Exchange on Wednesday. Its stock has lost over 28 percent since the June 23 referendum.