Isle of Man News last updated 24 April 2018 11:18:21

Conister records 123 % increase

POSTED Wed 04-04-2018

Profits at Conister have increased by 123 per cent in the last year. The independent bank says profit after tax reached £2 million – in 2016 it reached £0.9 million. Backed by new loan advances of £73.7 million the total loan book stands at £123.4 million. Customer deposits also increased by 13 per cent to £142.3 million – it means the company has over £30 million in cash liquidity. Managing Director Douglas Grant says: "I am extremely proud of the outstanding performance we achieved in 2017. "One of our major strengths remains our team and their commitment to customer service. "All of our employees are Island based and, where possible, we continue to promote from within and are always keen to recruit talented local people. "Our...

Visitor numbers drop by 8.7 per cent

POSTED Tue 03-04-2018

The total number of people visiting the Isle of Man dropped by 8.7 per cent in 2017. That’s according to the Passenger Survey which is published by the Cabinet Office. It showed that 266,850 people visited the Island. The number of non-business visitors staying in paid accommodation also decreased by 3.6 per cent to 129,860. Despite the drop the total expenditure by visitors to the Island increased by 5.6 per cent to £112.6 million. Average visitor spend increased by 23.4 per cent to £448. Total scheduled passenger departures increased over the year to 687,981 compared with 675,048 in 2016.  

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