Conister Bank Says it has Launched Fully Digital Deposit System

January 20, 2025 @ 6:10 am By JD Alois

Conister Bank Limited based in the Isle of Man says it has launched a new online deposit system for its UK retail customers.

Consister is part of the Manx Financial Group PLC (AIM:MFX) a firm that operates various financial sercies firms.

Conister said that historically, the majority of its deposits were raised in the Isle of Man, despite a significant portion of its lending being in the UK. The bank’s goal is to expand its lending and deposit base in the UK by leveraging the deposit-taking permissions granted last year by the Bank of England and the FCA to further support its lending divisions.

Haseeb Qureshi, Chief Operating Officer at Conister Bank, said digitalisation is instrumental in taking the business forward.

Created in 1935, Conister currently reports over £400 million in deposits and serves over 100,000 customers.

Reg A - Form 1-A Filings Beta

Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.

YTD: Jan 1, 2026 - Nov 5, 2026 vs Jan 1, 2025 - Nov 5, 2025

Number of Filings134Prior 129 +3.9%

Target Raise, Total$3.45BPrior $3.59B -3.8%

	This YTD	Year prior	Change
Filings	134	129	+3.9%
Target raise	$3.45B	$3.59B	-3.8%

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Source: DisclosureQuest. Initial Form 1-A only.

Created by Crowded Media Group

This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.

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