RCS - Manx Financial Group - Conister Bank to provide Isle of Man mortgages

Manx FinancialAnnouncement

24/02/2025 07:00

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RNS Number : 1004Y  Manx Financial Group PLC  24 February 2025

FOR IMMEDIATE
RELEASE
 
                        24 February 2025

 

Manx Financial Group PLC

 ("Group")

 

Conister Bank Limited to provide Isle of Man mortgages

 

 

Manx Financial Group PLC (AIM: MFX), the holding company providing a range of
diversified financial services to the Isle of Man and the United Kingdom,
announces that its wholly owned subsidiary, Conister Bank Limited
("Conister"), has entered the Isle of Man retail mortgage market.

The retail mortgage market is one of the largest lending segments on the Isle
of Man, currently standing at circa £3.0 billion, but it offers limited
competition for customers. Conister now has the relevant licences and
permissions to access this market and will begin sales from Monday, 24
February 2025.

Douglas Grant, Managing Director of Conister Bank said:

"This achieves another strategic objective in diversifying and delivering our
growth plan for Isle of Man business. Mortgages are an important market on the
Island, and one in which we have had no historic exposure. This initiative
will not only allow customers a wider choice, but will also provide additional
lending opportunities for Conister,  complementing our existing bridging loan
range and the general insurance and protection products provided by Edgewater
Associates Limited, our sister company."

 

For further information, please contact:

 

 Manx Financial Group PLC   Beaumont Cornish Limited      Greentarget Limited

 Denham Eke                 Roland Cornish/James Biddle   Jamie Brownlee

 Executive Vice Chair       Tel: +44 (0) 20 7628 3396     Tel: +44 (0) 20 3307 5726

 Tel: +44 (0) 1624 694694

 

Nominated Adviser

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

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