Conister Bank Says it has Launched Fully Digital Deposit System

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.



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