Group profits jumped 41 percent
Conister Bank has announced record-breaking financial results for 2024.
Group profits jumped 41 percent before tax in 2024 with continued growth in lending and deposits.
Total assets have reached over £474 million with equity up 10.6 percent reflecting what the company describes as its financial strength and long-term commitment to the Island.
Reflecting on the results MFG Group CEO and Managing Director of Conister Bank Douglas Grant says the results reflect the group's investment in people, systems and services.
Conister Bank now lends over £1 million a week on Island supporting local businesses and people.
The Manx Financial Group Board is proposing a 48.6% increase in dividends, much of which will benefit local shareholders.
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