BWI: EasiOption to benefit from OneSavings Bank Plc Capital Injection

Press release from Business Wire India
Source: EasiOption
Wednesday, February 02, 2011 06:15 PM IST (12:45 PM GMT)
Editors: Business: Accounting & management consultancy services, Advertising, PR & marketing, Banking & financial services, Business services, Information technology
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EasiOption to benefit from OneSavings Bank Plc Capital Injection


Pune, Maharashtra, India, Wednesday, February 02, 2011 -- (Business Wire India) -- ISO 27001 certified EasiOption BPO, renowned for its innovative office and value-based BPO and call centre services, is to benefit from the recent capital and business re-structuring of its parent organisation Kent Reliance Building Society.

EasiOption was initially set up as the subsidiary of Kent Reliance Building Society in September 2009 and has been providing BPO and call centre services in the core business operations of transaction processing, finance, HR, marketing and technology. Its sister-company Easiprocess based in Bangalore has been providing such services for over 5 years now.

As at 1 Feb 2011, Kent Reliance Building Society transformed into OneSavings Bank Plc, a bank run on mutual principles, created in partnership with private equity firm JC Flowers & Co. The Society has been granted a banking licence by the UK Financial Services Authority (FSA) and the new bank will trade as Kent Reliance Banking Services, Kent Reliance or krbs.
The business of the former building society will be transferred to the bank and as a result, EasiOption shall service its new parent organisation OneSavings Bank Plc. and support the proposed expansion of business.

Yogesh Agarwal, Managing Director of EasiOption commented, "OneSavings Bank has created a new beginning for the 150 year old Kent Reliance Building Society thus bringing in new challenges and opportunities for EasiOption. We are delighted about serving OneSavings Bank and look forward to the new business avenues and growth prospects that now open up for the Group. We have always been committed to providing services based on quality, integrity and innovation and only hope to raise this mark higher. Going with the aim of OneSavings Bank, we will support protecting and promoting the interests of the bank's customers and continue to provide them with cost effective and efficient BPO and call centre services."

Notes to Editors:

EasiOption is the Pune based, wholly owned subsidiary of UK's OneSavings Bank Plc. (formerly Kent Reliance Building Society) and manages end-to-end BPO functions ranging from savings, investment and mortgage processing to IT and HR. EasiOption provides BPO and call centre solutions to clients mainly in the UK. Its acclaimed ISO 27001 certified, innovative office called E-Studio is designed on the basis of a film studio that is built to inspire and motivate its staff.

Visit www.easioption.com for further details.

OneSavings Bank Plc is a new style of bank: one that possesses the ethos of a mutual and provides competitive products; one that puts customers first, providing them with affordable, competitive savings and mortgage products and banking services. Its prime aim is to treat customers fairly. OneSavings Bank Plc is registered at Reliance House, Sun Pier, Chatham, Kent and is authorised and regulated by the Financial Services Authority, registered number (530504).

Kent Reliance Building Society was known to be UK's most innovative building society and reported the lowest management expense. It possessed assets in excess of £2.2bn and was ranked 12 amongst building societies in the UK. The Society was also notable as the only member of the UK building society sector to have offshored administrative work to India thus enabling it to achieve significant cost reductions.

Visit www.krbs.com

for further details.
Pictures (EasiOption logo versions, photos of innovative office facilities E-Studio, etc.) available on request.


CONTACT DETAILS
Yogesh Agarwal, Managing Director, EasiOption, yogesh.agarwal@easioption.com
Freeda Fernandes, Business Development Manager, EasiOption, +91 (80) 6637 4765/+91 9980196332, freeda.fernandes@easioption.com

KEYWORDS
CONSULTANCY SERVICES, MARKETING, BANKING, BUSINESS SERVICES, IT

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