FOR IMMEDIATE RELEASE Date: 31st May 2016
Manx Financial Group PLC ('Manx Financial' or the 'Group')
Consumer Credit Authorisation - Conister Bank Limited
The Board of Manx Financial is pleased to announce that the Group's wholly-owned banking subsidiary, Conister Bank Limited ("Conister"), has received full permission from the UK's Financial Conduct Authority ("FCA") to offer regulated consumer credit within the United Kingdom with immediate effect.
As a result, Conister will now be able to develop an increased range of lending products to support further growth, especially in the field of asset and personal finance.
Denham Eke, Director comments: "With lending conditions in the UK consumer credit market remaining favourable, the granting of a full FCA Consumer Credit Authorisation is a significant step in furthering Conister's strategy of expansion."
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This information is provided by RNS