LONDON (Alliance News) - Manx Financial Group PLC on Tuesday said its Conister Bank Ltd subsidiary received full permission from the UK's Financial Conduct Authority to offer regulated consumer credit within the UK.
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.
"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," Denham Eke, chief executive of Manx Financial, said in a statement.
Shares in Manx Financial were up 3.1% at 9.28 pence Tuesday morning in London.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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Manx Financial (MFX)