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"Conister Bank really understands local businesses"John Hellowell - Strand Group
CELEBRATING 83 YEARSWe've been supporting the local community since 1935
"I've been using Conister for over 40 years and they've never let me down"Roger Watterson - The Copy Shop
Conister Bank News
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 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.
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.
Conister Bank has promoted Andy Bass to Head of Sales Isle of Man; this is a new position to facilitate growth within the business, and Andy’s role will focus on strategy and new product development as well as forging new relationships in the local community. Ian Drake has been appointed as the new Business Development Manager at Conister Bank. Ian said: "I'm delighted to be joining Andy Bass, to help raise business owners' awareness and understanding of Conister Bank's lending products. This is an exciting opportunity to be part of a growing initiative within the Bank."
Manx Financial Group PLC 2015 Full Year Profit Increases by 34%
Jim Mellon, Executive Chairman and well known investor, commented:
“I am pleased to announce that we have secured a record Profit Before Tax for 2015, increasing by 34% to £2.3 million, providing a Return on Equity of 17.3% which, in relative terms to the UK banking sector, is extremely high."
In the winter of 1935, when George V was on the throne and the prototype of the Spitfire was built, a group of Manxman founded Conister Trust, which opened its doors on Athol Street on December 5th. . The first directors were T.R. Radcliffe – the then editor of the IOM Examiner, J. Ashton from Ashton Garage Ltd, which later became Mylchreests Motors, and R.S. Homes, a Castletown baker. Their objective was to provide hire purchase finance to dealers in the Isle of Man whose only previous option had been to look to UK companies for their needs. At their first annual meeting, Mr Radcliffe is reported to have said, “Hire purchase is here to stay and is growing in volume”. How profoundly true his words were.
Manx Financial Group PLC, the AIM listed Isle of Man based financial services group, announced its interim results on Monday 17th August.
The Group, which includes local businesses Conister Bank Limited and Edgewater Associates Limited, recorded a profit of £1.01 million for the first six months of the year, another record figure that improves upon the £0.76 million for the same period in 2014. The Group’s total assets stand at £126.17 million (2014: £101.68 million) and shareholder equity stands at £10.89 million (2014: £9.25 million), a growth of 24% and 18% respectively. On an annualised basis, the Group’s return on equity at 16.3% shows a continued improvement (2014 full year: 15.6%).
The Island has enjoyed decades of uninterrupted growth, and, in recent times, we have worked wonders at keeping one step ahead of most comparable jurisdictions in areas such as e-Gaming and Space Commerce. Credit is due to both the public and private sector for making this happen. We have done many things well, for example, our strategy of economic diversification. We must build on this success story. The key question is ‘how?’
Conister Bank is pleased to announce they have agreed to become the main sponsor of Douglas High School Old Boys FC.
Conister’s Business Development Manager Andy Bass met with the squad at their Blackberry Lane ground on Saturday to present them with their new home and away strips.