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Lender granted full FCA permission

Lender granted full FCA permission

Conister Bank Limited has received full permission from the Financial Conduct Authority (FCA) to offer consumer credit.

The lender’s owner, Manx Financial, confirmed that Conister Bank had received the permission and was able to offer regulated consumer credit in the UK with immediate effect.

Conister will also be able to develop an increased range of lending products to support further growth, with the lender looking to expand its asset and personal finance operations.

"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,” said Denham Eke, Chief Executive of Manx Financial.

Isle of Man-based Conister Bank currently offers personal loans, home-improvement loans and business loans. 

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