Conister News & Community
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Conister Bank continues to support local businesses adversely affected by COVID-19
Conister Bank, the island’s local bank, continues to support Manx residents by setting aside £10m to provide crucial funding allowing businesses to survive and continue to trade despite the adverse effects of COVID-19.
As the island embraces its second lockdown, creating a further wave of uncertainty, Conister Bank continues as a participating lender for both of the Government-backed schemes, Isle of Man Disruption Loan Guarantee Agreement (DLGA) and the Coronavirus Business Working Capital Loan Agreement (WCLA).
Conister Bank's UK subsidiary reports record lending in 2020
• 2020 lending totals £131 million, surpassing 2019 by 7%
• Conister has also received an additional allocation of £5 million from the British Business Bank to focus on resilient businesses seeking funding
• Conister has lent £9 million through the British Business Bank’s BBLS
Conister Finance & Leasing Limited (“Conister”), part of Manx Financial Group PLC (AIM:MFX), today announces that it achieved record lending levels in 2020, by advancing deals totalling £131 million, representing a 7% increase on the total amount lent throughout 2019 (£122 million), by providing critical funding to small and medium sized enterprises (“SME”) as they navigate the economic impact of the COVID-19 pandemic.
Circuit break lockdown 2.0 - Conister Bank's office will be open for customers with reduced opening hours between 10am and 2pm
From 12th January 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
Conister Bank will close the office from Thursday 7th January 2021 to follow Government guidance.
We are currently entering into Level 4 (Lockdown) under the Isle of Man Government COVID-19 Response Levels.
The office is CLOSED from Thursday 7th January until further notice. It is 'business as usual' as our staff are here to help as they will continue to work from home and follow Government guidance.
Conister Bank takes the safety and welfare of its staff and customers very seriously. We apologise for any inconvenience caused.
We are here to help, get in touch at 694694 or email info@conisterbank.co.im
Manx Financial Group - Dividend Scheme Announced
Conister Bank’s parent company Manx Financial Group PLC - Isle of Man-based financial services firm - Announces plans for the inaugural dividend. Outlines a dividend scheme meaning eligible shareholders can elect to be issued new shares or get a cash payout. Dividend amount to be based on post-tax profit for the year ending 2020.
The script option will enable eligible shareholders to increase their holding in the company in a simple, cost-effective way, by receiving new shares instead of cash. This will also allow the company to retain the cash in the business that would otherwise be paid as a dividend, aiding further growth.
London-based startup Proportunity helps the UK first-time home buyers nets £7.5M funding
Conister supports Proportunity as it seeks to positively contribute to the dynamics of the UK housing market as they help first-time homebuyers to move onto the property ladder following the post-lockdown housing boom.
Conister Bank – which is celebrating 85 years in business
Conister Bank is at the heart of Manx community.
Conister Bank – which is celebrating 85 years in business – has cemented its place in the island community. Over the decades it has remained an Isle of Man constant in the face of a number of global financial crises, a world war and this year’s coronavirus pandemic, and aims to continue doing so in the future, whatever that may hold.
Founded in 1935 under the name Conister Trust, the independent bank has always put the island’s community at the forefront of everything it does.
Conister Bank remembers Fraser Vaughan and raises £3,137 for CRY
In December last year, the Conister team were all saddened by the sudden death of Fraser Vaughan. Fraser joined our Finance team as a Reporting Accountant and although he had only worked with us for a short time he made a huge impact.
The staff at Conister wanted to remember Fraser and raise money for the charity Cardiac Risk In The Young - CRY which was chosen by his family. Cry is dedicated to raising awareness to prevent young sudden cardiac deaths through awareness, screening and research, and supporting affected families.
We are pleased to announce that the team raised a grand total of £3,137.10. Well done to our Social Committee who organised a cake sale, movie quiz, a sweet stand, raffle and crazy golf.
Finally, thank you to Fraser's parents and girlfriend for joining us to remember our colleague and friend.
Conister Bank is thrilled to be supporting the island's newest production company who are bringing children's stories to life through music, movement and laughter.
After what can only be described as a difficult year for many, Chloe and Michelle have added a little pizazz to our island!
Hello Little People was born when Chloë and Michelle found themselves back home on the Isle of Man as Covid-19 began to take hold. Having known each other for years back in their youth on the Island, they had parted ways to train professionally in the Arts. Now reunited on the ‘rock’ they couldn’t resist meeting up for a coffee when restrictions began to ease.
They are rooted in Manx culture, heritage and landscape and are constantly inspired by this mighty Celtic nation.
Ballakelly Farm's success with Conister's Working Capital Loan
Rachel & Alan from Ballakelly Farm on how Conister Bank helped their business during Covid-19.
