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ISLE OF MAN - Manx Financial Group PLC (AIM:MFX), a diversified financial services provider, announced a 3.9% growth in Conister Bank's net loan book during the third quarter of 2025, according to an operational update released Thursday.
The company reported that deposits increased by 3.7% during the same period. Year-to-date, the net loan book has grown by 9.5%, while deposits rose by 4.0%, improving the loan-to-deposit ratio by 5% to 97%.
Conister Bank has entered an exclusive partnership with Fiinu plc to provide overdraft services for the UK market, which the company described as "a key differentiator from our sector peers."
The update noted that Isle of Man lending regularly exceeds £5 million per month, while Payment Assist Limited, the group's buy-now-pay-later subsidiary, secured five new partner agreements expected to drive growth in 2026.
The company also mentioned ongoing discussions with the British Business Bank regarding support for its Bounce Back Loan Scheme portfolio, which carries a 100% UK Government guarantee.
Regarding regulatory matters, the Financial Conduct Authority has extended its consultation period on discretionary commission arrangements in motor vehicle sales by five weeks, following its November 5 announcement. Manx Financial stated it is re-analyzing its historic motor book and will make provisions if necessary.
Douglas Grant, Group CEO, stated in the press release that he expects "UK interest rates to remain higher for longer, with inflation remaining stubbornly above the Bank of England's target of 2%." He added that this economic environment "suits our existing short-term lending products."
The company also reported a 10% quarter-on-quarter increase in total lending across its other subsidiaries and has increased investment in its debt collection capabilities.
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