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Conister Bank News
Conister Bank Celebrates 80th Anniversary
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 Posts Interim Results
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%).
Welcome to Connie!
Visiting our customers is a key part of the Customer Service team role and June 2015 saw the arrival of the new Conister Bank car.
Not All Growth Is Good Growth
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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?’
Football Sponsorship Announced
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.
Let a bank buy you breakfast!
An island bank has come up with a sizzling idea to help a cafe whose trade has been hit hard by roadworks.
Cafe Latte owner George Taylor claims takings have fallen 60 per cent since work on the Douglas promenades improvement scheme began.
But now Conister Bank has come to his aid - and has offered to buy breakfast for the first 100 customers through the doors of the Walpole Avenue cafe as from today (Monday September 1).
Conister Bank steps into the breach to help Manx farmers buy fertiliser
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Conister Bank are offering Manx farmers financial assistance to buy essential fertiliser products. Conister Bank is the Island's oldest independent lender and has stepped in to help local farmers following the shock announcement by ING late last year that they would no longer be providing credit facilities.
Conister Bank Launches Unique Funding Option For Island's Meat Producers
Cattle producers on the Isle of Man have been handed a timely financial boost with the announcement that Conister Bank is launching a unique loan scheme which could revitalise the island’s hard pressed livestock industry.
Conister Bank move back into the centre of Douglas
Conister Bank has announced its move to Victoria Street in the centre of Douglas. The bank, which was established on the Island in 1935, will be moving from its existing office at the Isle of Man Business Park to larger premises at Clarendon House from Monday 5 December 2011.
Conister Bank appoints new Managing Director
Conister Bank Limited has appointed Juan ‘Fred’ Kelly as Managing Director with effect from 19th September 2011. He has also joined the Board of Manx Financial Group PLC as an Executive Director.
