Manx Financial Group PLC
is the holding company of a diversified financial services group which includes Conister Bank Limited its subsidiaries and Conister Card Services Limited.

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Group Financial Highlights 2009

  • MFG - the Holding Company:
    • - The Group's financial performance improved as its loss was reduced to £2.6 million
        (2008: £18.3 million) an improvement of £15.7 million. Excluding the ESS transaction the
        underlying result has improved by £6.1 million compared to last year.
  • Conister Bank Limited:
    • - Despite the deteriorating economic climate the Bank's financial performance from continuing
        operations was a reduced loss of £1.2 million (2008: £1.3 million) a 7.7% improvement.
  • Conister Card Services Limited:
    • - Financial performance greatly improved as the loss was significantly reduced to £0.4 million
        (2008: £3.5 million) as the change in strategy started to impact positively on the income statement.

We are committed to improving our systems, rationalising our costs and concentrating on what we do best.

James Mellon, Chairman