Record profits for Conister Bank

Manx Financial Group announces 

Record profits for 2022 have announced by the parent company of Conister Bank.

Manx Financial Group PLC reported profits before tax increased by £2.2 million to £5.2 million.

That's an increase of over 70 percent on 2021.

Conister Bank set a new lending milestone of £231.4 million (2021: £212.6 million), an increase of 8.8%. 

Together with Conister Finance & Leasing, the loan book also increased, by £57.7 million to £292.1 million (2021: £234.4 million).

Douglas Grant, Managing Director at Conister and Group CEO of Manx Financial Group says "this is a great set of results, especially given what has been a very difficult economic backdrop. Once again, it proves the resilience of our diversified financial services group.

“The Group’s strategy of being the leading Manx-based service provider in its key local markets, along with lending in the UK to proven recession-resilient markets with a high potential for growth, has been the foundation of our growth.  There remains a great demand for our products, which along with our talented team, will allow us to safely grow during this difficult economic period.”