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"Conister Bank really understands local businesses"

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CELEBRATING 83 YEARS

We've been supporting the local community since 1935

"I've been using Conister for over 40 years and they've never let me down"

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News and Press

New Internal Promotion at Conister Bank

aa Conister Bank has appointed a new Sales Manager from within its Isle of Man Lending team, showing its commitment to recognising potential and facilitating career progression.

Lee Gale joined Conister Bank in June 2017, having previously worked for Isle of Man Bank for over seven years. Lee, 27, says, “In my career so far, I have developed strong relationships with personal and business customers around the island; I now hope to build on that, and introduce more people to the Conister products and services which can benefit their lives and businesses”.

In his new role, Lee will be a point of contact for many of the bank’s existing Introducers, and will play a key part in identifying and creating new lending opportunities within the retail business and commercial sectors. He will also implement and provide support for the bank’s new web portals for motor dealers and retail outlets, such as bike shops and furniture stores.

The multiple responsibilities of Sales Manager will play to Lee’s skills and strengths: “I put one hundred and ten per cent into everything I do; I have a very competitive nature and strive to be the best I can. Working at Conister has made me even hungrier to succeed, as they have supported me and given me the chance to progress quickly. I can’t speak highly enough about the company and my teammates. I have always enjoyed and taken pride in helping customers and delivering excellent service, which is what Conister is known and respected for, so I’m right at home here”.

Outside work, Lee, who grew up in Foxdale and now lives there with his partner Emma, is “passionate about family, friends and football”. He plays for both Peel AFC and the Isle of Man National Team with such distinction that he has won a number of awards, including the Isle of Man Football Association’s Player of the Year (twice in three seasons) and the Isle of Man Football Writers’ Player of the Year. In work and on the pitch, Lee’s drive and dedication have paid off.

Andy Bass, Conister Bank’s Isle of Man Head of Sales, comments, “Lee’s promotion to Sales Manager is reward for his hard work and commitment to Conister during a period of growth for the bank on the Isle of Man. It further reflects our clear vision to invest in our staff and support their career development. I believe that Lee’s likeability, professionalism and ability to interact with customers make his appointment an exciting addition to our Isle of Man Sales Team as we continue to strengthen our position as the major player in the local lending market”.

Conister Bank’s parent company Manx Financial Group PLC announces a 43% growth against the same period last year.

dg Conister Bank’s parent company Manx Financial Group PLC announces a 43% growth against the same period last year.

Profits at the locally based financial services group, which includes Conister Bank Limited, Edgewater Associates Limited and Manx FX Limited, have significantly increased in their latest published results.

Manx Financial Group PLC’s Interim Results were published this week and emphasised yet another milestone in the history of the Group.

Jim Mellon, Executive Chairman, commented: “I am pleased to report that the half year continues our progressive growth in profitability and puts us well on the road to the realisation of our strategic objectives. For the first six months of 2018, our profit before tax stands at £1.4 million representing a growth of just over 43% against the same period last year”.

Conister Bank continues to perform with profits of £1.6 million before tax which is an increase of 78% compared to last year. Overall total assets have grown by 16% to £194.8 million.

New Head of Risk and Compliance for Conister Bank.

sq Chartered Accountant Steven Quayle has joined Conister Bank as Associate Director and Head of Risk and Compliance.

Steven, whose most recent position was Finance Director for private bank Duncan Lawrie (IOM) Limited, brings to MFG a formidable level of expertise which will help the Group both to maintain its stature and achieve its strategic goals.

New Sales Manager for Conister Bank Limited

tc Conister Bank is delighted to announce the appointment of a new Sales Manager, Tom Charmer.

Tom brings to Conister a portfolio of skills and expertise which make him ideal for his new role. As a lifelong Isle of Man resident, Tom has been a part of the local banking and finance industry since finishing high school.

Conister Bank Limited Appoints New Associate Directors

ff Conister Bank Limited is pleased to announce two promotions to senior management from within the organisation. Haseeb Qureshi, (Chief Operating Officer), and Andy Bass, (Head of Isle of Man Sales), have both been promoted to the position of Associate Director with immediate effect.

The appointments are part of a number of internal organisational changes to Conister’s management structure designed to continue to develop growth, which has continued to increase over the last twelve months.

Haseeb and Andy will continue in their respective roles as an integral part of Conister’s operational departments, whilst also helping to deliver strategy, product development, staff progression and provide overall management oversight. These appointments will allow the Board and Conister’s Senior Management to delegate additional functions, providing them with more time to focus on and plan for Conister’s future success.

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Key appointments signal strong future for Conister Bank

dd Conister Bank is delighted to announce two appointments which is great news for the future of the bank.

Douglas Grant takes up the position of Managing Director, with James Smeed promoted to the bank’s Finance Director. Douglas moved to the Isle of Man in 1996 with his wife Wendy and has two children; he joined Conister in 2010 as Finance Director, having previously worked for them as a financial consultant. He has over 35 years’ experience in finance, working with UK and Manx companies in both the public and private sectors. In tandem with his new post, he will remain the Group Finance Director of Manx Financial Group PLC, the parent company of Conister Bank.

Conister put their hearts into charity relay

ff A special charity fundraising day on Thursday 6th April saw Conister Bank raising funds for the British Heart Foundation. Sixty-nine members of staff took part in the Conister Prom Relay, walking return laps of Douglas Promenade in a series of waves through the morning and early afternoon.
Members of Conister Bank and sister company Edgewater Associates and MFX completed the 3-mile walk in teams of eight. The first team set off at 8.30am, with all remaining teams following at 30-minute intervals until 12.30pm. The bank pledged to donate £3 for each mile walked, and staff arranged cake sale, quiz and a raffle. After the event, the teams gathered at the Claremont Hotel to enjoy food and drink in Coast Restaurant, and hear the grand total of funds raised.

Launch of the New Conister Bridging Loan

AB Bridging Conister Bank launched a new product which aimed at boosting the local property market. The event, which took place at the Claremont Hotel in Douglas, saw the launch of the Bridging Loan – a flexible, interest-only product designed to accelerate the house purchase process and open up opportunities for buyers.

Invited along to the evening were key representatives from local banks, legal firms and estate agencies. Conister Bank’s Managing Director, Juan Kelly, was joined by Douglas Grant, Group Finance Director, Ian Crawford – an independent financial advisor with Conister’s sister company, Edgewater Associates – and Conister’s Head of Sales, Andy Bass.

Welcoming the assembled audience to the launch, Andy gave a presentation in which he set out both the Bridging Loan concept – essentially, a short-term solution designed to ‘bridge’ the financial gap between buying and selling a property - and the Bank’s decision to develop a tailored product for their customers.

He explained that although such loans may have fallen out of favour over the last decade, having been seen by many lenders as too risky, Conister decided to challenge this negative perception with a product which will facilitate otherwise unreachable purchases and help to stimulate the local property market.

Conister anticipates that the Bridging Loan, which is available only to Isle of Man residents, will be ideal for primarily residential property owners, looking to move either up or down the ladder; landlords seeking to add to their portfolio; and developers on the lookout for investment opportunities.

In addition to its multiple property-related applications – including moving house, planning refurbishment and buying at auction – the facility can also be used for business funding, tax liability and temporary cash flow requirements.
The introduction of the loan should be good news for finance providers as it allows them to offer an additional option to their clients. And for estate agencies, it’s an opportunity to capture and increase sales.

Before concluding his presentation, Andy talked the audience through Conister’s lending criteria, describing “easy to use lending parameters aimed at providing your clients with an efficient service with realistic criteria that we really believe can work.

“We have not reinvented the wheel but we have thoroughly researched how best to bring this significant product back to the Isle of Man market successfully and with potential benefits to local residents and businesses, and therefore our economy as a whole”.

Approved Partner Scheme

ap12 Conister Bank has built a reputation for outstanding customer service, forging long and lasting relationships with members of the community. And now the bank's newly launched Approved Partner Scheme means customers can easily recognise a business that shares these values too.

The Approved Partner Scheme will make it easy for customers to find a business that can offer flexible payment plans that suit their needs and budget, with lending from Conister Bank. Businesses that sign up to the Approved Partner Scheme can benefit from Conister Bank's expertise to offer bespoke services to customers. They will be able to offer a range of payment options to their customers, including a 0% finance option, with no lending fees.

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Come and talk to our team in branch at:
Conister Bank Limited, Clarendon House, Victoria Street, Douglas, Isle of Man, IM1 2LN

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