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How to spot a resilient business
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Douglas Grant, Managing Director of Conister Bank, provides a guide identifying and protecting a resilient business.
So, what constitutes a resilient business and how can you spot and protect one? The pandemic has unquestionably focused our attention on resilient businesses as we have witnessed firms rapidly adapting and responding to all types of risks with sectors closing overnight, industries being mothballed, cashflows being decimated, working practices being altered, technological issues, production challenges and many more. With this backdrop we believe there are five fundamental pillars that you should look for when assessing the robustness of a company, namely:
The company’s operating location
The longevity of the market
The sector’s competitiveness
Barriers to market entry, and
Your business’s USPs
Savings accounts at Conister Bank can help your money grow.
At Conister Bank you can invest your savings in any of our Fixed Rate and Variable Rate deposit accounts.
Savings accounts at Conister Bank can help your money grow especially in the 1 Year Fixed Rate Fixed-Term savings account, where you can earn up to 1%.
The Fixed Rate Fixed Term deposit account terms begin at 6 months to a 5 year term with annual or monthly interest options. The minimum balance is £5,000 and a maximum of £1,000,000.
The Variable Rate Notice deposit accounts terms range from 95 Days, 120 Days and 180 Days' notice period. Interest is paid semi annually on 30th June and 31st December. The minimum balance is £10,000 and a maximum of £1,000,000.
All our deposit accounts are available to individuals and business customers.
Carbon footprint report kickstarts Conister Bank’s pathway to improve
Douglas Grant, Managing Director of Conister Bank features in April's edition of Portfolio Magazine.
In the article Douglas openly discusses Conister's pathway to achieving a sustainable future, the results of the carbon footprint analysis, and how Conister is acting upon its findings and its plans for improvement. The bank, which recently celebrated 85 years at the heart of the Isle of Man community, engaged a consultant to review, measure and suggest ways to improve the bank’s environmental, social, and governance performance.
Douglas Grant comments ‘We are committed to reducing our carbon footprint and increasing our sustainability, as a business, and to help our clients achieve the same. Commissioning the report into our carbon footprint was an important starting point and now we have the results, it underlines how much we need to do. ‘Now we have a baseline and a plan on how we can reduce these amounts.’’
As an independent institution, Conister Bank has the flexibility to tailor its services and products to the needs of its clients and that applies to its Green Finance Strategy.
A key component of achieving the bank’s aims will be to try to make things more straightforward for those looking to work towards a better future.
Conister Bank continues to support the IOM Government with the extension of the Coronavirus Business Disruption Loan Guarantee and Working Capital Loan Arrangements.
Following the Isle of Man Government’s announcement that it is extending both the Coronavirus Business Disruption Loan Guarantee (DLGA) and Working Capital Loan Arrangements (WCLA), Conister Bank is pleased to be the only bank supporting both facilities.
The DLGA is currently provided through Conister Bank, Lloyds Bank, Barclays Bank, HSBC, and RBS International (NatWest Isle of Man Bank).
The WCLA is provided through both Conister Bank and Santander International and provides a further safety net for those businesses who cannot access working capital via their banks or do not qualify for assistance via the DLGA.
Both schemes have now been extended until 30th June 2021.
Laura celebrates 10 Years at Conister Bank!
Congratulations to Laura Faragher who has just celebrated her 10 year work anniversary at Conister Bank.
Laura joined Conister in 2011 in a split role working within the Underwriting and Debt Recovery team.
Conister is privileged to have witnessed Laura's career progression over the past decade. Find out more about Laura's journey so far and why she has been loyal to Conister Bank.
We may be a small island but together we can make a BIG difference in reducing our carbon footprint.
At Conister Bank we believe in taking responsibility to reduce our carbon footprint and increasing our sustainability as a business.
Throughout the last few weeks, Conister Bank has rolled out their 'Green Initiative' to all their staff.
Douglas Grant, Managing Director feels very passionate about this subject and through his leadership and direction, Conister will strive to make a positive impact on the economic, environmental, and social future of our island.
Victoria discusses just how Conister’s BIG career really did create a new career opportunity for her!
Victoria Wylde joined Conister in December 2018 as the first successful 'Conister’s BIG Career' employee.
We caught up with Victoria to chat about her journey so far, the qualifications that she has achieved, her personal development and why she enjoys her new role.
*UPDATE* Circuit break lockdown 3.0 - From Monday 8th March 2021 Conister Bank's office will not be open for customers to visit until further notice.
For the safety of all our customers and colleagues, and to support local efforts in containing the spread of Covid-19 within our community, we have decided to close our office until further notice.
Our team are all working from home and our opening hours are Monday - Thursday 9am - 5.30pm and Friday 9am - 5pm.
You can contact us by visiting our Contact page on our website or call a member of our team on 694694 or email info@conisterbank.co.im
Thank you for your co-operation and stay safe,
Team Conister
Positive outlook for Conister Bank’s parent company Manx Financial Group PLC
Conister Bank Managing Director Douglas Grant said: ‘Even though 2020 was a more challenging year than any of us could have imagined at the outset, we are pleased with our performance.
‘Our lending increased to a new record of £167.2 million, compared with £158.8 million in 2019, while our assets grew 6% to £268 million, compared with £252.9 million in 2019.’
He added: ‘We are proud of our record of supporting businesses and clients during this difficult time and of maintaining our place at the heart of the Isle of Man community.’
Circuit break lockdown 3.0 - Conister Bank's office will be open for customers with reduced opening hours between 10am-2pm
Following the recent announcement made by the Isle of Man on the new Coronavirus restrictions applicable from 3rd March 2021, the Conister Bank office will be open for customers with reduced opening hours between 10am and 2pm. If a customer wishes to visit our office an appointment must be made beforehand.
Keeping you and our staff safe during this time is our main priority and we ask that if you have no alternative other than to visit our office, this must be done with the highest level of diligence in line with Government guidelines.
When entering our reception area, we politely ask that our customers:
✔Stay 2 metres apart
✔Use the hand sanitiser provided
✔Keep the visit short
✔Stay behind the partition
✔Cough or sneeze into your elbow
To make an appointment please call 694694 or email info@conisterbank.co.im
