Manx Financial Group PLC

MFX

IM00B28ZPX83

Consumer Lending

Market Closed - London S.E. Other stock markets 11:35:18 2024-04-26 am EDT			5-day change	1st Jan Change
21 ^GBX	0.00%		0.00%	+37.70%

Apr. 25	Manx Financial Group plc Announces Dividend for the Period from 1 January 2023 to 31 December 2023, Payable on 24 June 2024	CI
Apr. 22	Jefferies raises B&M to 'hold'	AN

Manx says Conister Bank has earned UK banking licence

October 16, 2023 at 05:18 am EDT

Manx Financial Group PLC - Isle of Man-based financial services company - Subsidiary Conister Bank Ltd on Friday obtained authorisation to accept deposits in the UK. The new licence approval was based on authorisation by the Prudential Regulation Authority, alongside consent from the UK Financial Conduct Authority and the Isle of Man's Financial Services Authority. Manx says PRA authorisation will allow increased lending to small and medium enterprises by enabling Conister to grow its balance sheet.

Chief Executive Officer Douglas Grant says: "This is the first time an Isle of Man bank has been authorised to accept deposits in the UK. Obtaining PRA authorisation is a key step in our growth strategy as it will supplement the liquidity we receive from our loyal Isle of Man depositors. We will deploy this additional liquidity to build upon our record lending for the first half of this year in anticipation of achieving a total loan book of GBP0.4 billion for 2023."

Current stock price: 16.93 pence, up 7.5% in London on Monday

12-month change: up 21%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Manx Financial Group PLC

Manx Financial Group plc Announces Dividend for the Period from 1 January 2023 to 31 December 2023, Payable on 24 June 2024	Apr. 25	CI
Jefferies raises B&M to 'hold'	Apr. 22	AN
Manx annual profit grows as revenue surges; cautiously optimistic	Mar. 26	AN
Manx Financial Group PLC Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 26	CI
Manx Financial Group PLC Recommends Dividend for the Year 2023	Mar. 26	CI
FTSE 100 Closes Up Supported by Basic Resources, Energy Stocks	23-10-16	DJ
Manx Financial Says Subsidiary Conister Bank Has Obtained PRA Authorisation To Accept Deposits Through Its UK Branch	23-10-16	RE
Manx Financial Unit Secures UK Branch Banking License	23-10-16	MT
Manx says Conister Bank has earned UK banking licence	23-10-16	AN
The FTSE 100 Closed Down Despite the Bank of England Leaving Rates Unchanged	23-09-21	DJ
EARNINGS: Aurora Investment recovers; Chesnara swings to profit	23-09-21	AN
Earnings Flash (MFX.L) MANX FINANCIAL GROUP Reports H1 EPS GBX1.30	23-09-21	MT
Manx Financial Group PLC Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-21	CI
Manx Financial Group plc Announces Dividend for the Period from 1 January 2022 to 31 December 2022, Payable on 19 July 2023	23-05-30	CI
Instant View: Bank of England raises rates, cites stubborn inflation	23-05-11	RE
Analysis-Rate rises pile pain on SME firms in U.S. and Europe	23-03-30	RE
FTSE 100 Closes Up 1.8% as Banks Rally	23-03-21	DJ
Banks lead London higher as confidence returns	23-03-21	AN
Banking crisis fears calm; Fed decision looms	23-03-21	AN
Investors Go Bargain Hunting on UK Financials as Stocks Rebound	23-03-21	DJ
Manx Financial shares jump on "record" yearly results	23-03-21	AN
AIM WINNERS & LOSERS: Manx Financial reports record 2022 results	23-03-21	AN
FTSE 100 Climbs Again as Financials, Oil Stocks Gain	23-03-21	DJ
UK Public Finances Offer Hopes for Chancellor Despite High February Deficit	23-03-21	DJ
Earnings Flash (MFX.L) MANX FINANCIAL GROUP Posts FY22 EPS GBX3.15	23-03-21	MT

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Company Profile

Manx Financial Group PLC is an Isle of Man-based company, which is primarily engaged in the provision of financial services. The Company operates through its subsidiary, Conister Bank Limited (the Bank). The Bank provides a variety of financial products and services, including savings accounts, asset financing, personal loans, loans to small and medium sized enterprises, block discounting and other specialist secured credit facilities to the Isle of Man and the United Kingdom consumer and business sectors. The Company operates through three product orientated segments in addition to its investing activities: Asset and Personal Finance, including provision of hire purchase (HP) contracts, finance leases, personal loans, commercial loans, block discounting, vehicle stocking plans and wholesale funding agreements; Edgewater Associates Limited, which is engaged in the provision of financial advice; and MFX Limited, which is engaged in the provision of foreign currency transaction services.

Sector

Consumer Lending

Calendar

2024-09-24 - Q2 2024 Earnings Release (Projected)

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