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August 02, 2015 9:14 AM ET

Banks

Company Overview of Conister Bank Limited

Company Overview

Conister Bank Limited provides banking products and services. It offers all-purpose, home improvements, car, and motorcycle loans; wealth products, including investments, insurance, protection, retirement planning, and mortgages; savings, which include fixed rate savings, bespoke savings products, and fiduciary products; asset finance, including business loans, hire purchase, lease finance, and block discounting products; and auto, marine, and homeware/furnishings financial products for dealers/brokers. Conister Bank Limited was formerly known as Conister Trust Limited and changed its name to Conister Bank Limited in October 2009. The company was founded in 1935 and is based in Braddan, the ...

Conister House

Isle of Man Business Park

Cooil Road

Braddan,  IM2 2QZ

United Kingdom

Founded in 1935

Phone:

44 16 2469 4694

Key Executives for Conister Bank Limited

Managing Director
Age: 44
Finance Director
Age: 50
Chief Executive Officer of MFG
Age: 63
Executive Chairman of Mfg
Compensation as of Fiscal Year 2015.

Conister Bank Limited Key Developments

Manx Financial Group PLC. and Conister Bank Limited Announce Management Changes

The board of Manx Financial Group plc announced that the Chairman of Conister Bank Limited and Group non-executive director, Don McCrickard, has informed the board that he intends to retire on 30 June 2015, corresponding with the conclusion of the group's half year. Mr. McCrickard has been Chairman of Conister since 2007. Neil Duggan, who joined the board of Conister in December 2014, will be appointed Chairman of Conister and join the group board with effect from 1 July 2015, subject to the usual regulatory approvals. Until 2012, Mr. Duggan was a director of KPMG LLC (Isle of Man), as Head of Audit and Transaction Services.

Conister Bank Limited Reports Earnings Results for the Year Ended December 31, 2014

Conister Bank Limited reported earnings results for the year ended December 31, 2014. Net interest income grew by 26% to £10.83 million from £8.61 million in 2013, leading to a 10% increase in net trading income to £6.02 million from £5.46 million in 2013. Operating income grew by 11% to £6.15 million from £5.54 million in 2013. Profit before tax increased by almost 400% to £1.02 million from £0.21 million in 2013. This result was driven by a combination of improved lending through wholesale funding partnerships, interest rate strategy of locking in low cost of funds over the longer term, and by the prudent control of costs.

Conister Bank Limited Reports Unaudited Net Interest Income Results for the Six Months Ended June 30, 2014

Conister Bank Limited reported unaudited net interest income results for the six months ended June 30, 2014. For the period, the company reported net interest income increased by 37% to £5.3 million compared to £3.8 million for the same period last year, driven by a 28% growth in loans and advances.

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