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Conister Bank seeks UK branch deposit taking licence

Balance sheet could grow by half a billion pounds

Conister Bank has applied for a licence to gain access to the UK deposit market.

The process is expected to take about a year.

Subject to approval the move will enable Conister to grow its balance sheet by up to an additional half a billion pounds through a mixture of UK deposits and wholesale funding.

Douglas Grant is managing director and chief executive of parent company Manx Financial Group plc:

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