Nationwide International has announced the creation of five additional jobs at its offices in Douglas due to the success of a new range of products.

The company has created a range of new corporate products targeted at small and medium UK businesses, leading to the creation of these new positions.

Nationwide International, the wholly owned subsidiary of the Nationwide Building Society, has made considerable developments in its banking technology and this, together with its expertise in corporate deposit markets, made it the natural choice for the Nationwide Group to centre their new initiative.

Following the announcement, Nationwide International welcomed Treasury Minister Mr Eddie Teare to its offices in Douglas to discuss these advances in technology and the creation of these new positions within the Isle of Man’s banking sector.

Nationwide International managing director Philip Dunne said, "I am delighted to announce these new positions at Nationwide International. Its great to be able to bring employment to the island on merit as a consequence of the excellence of the team and the flexibility of the technology that has been built here."

"I’m enormously proud of the achievement of our staff here and I’m sure these new members of the team will be great ambassadors for both our company and the Island in their new roles at Nationwide International.

The Treasury Minister Mr Eddie Teare MHK said, "The Isle of Man Government is focussed on sustaining economic activity and working closely with the private sector to boost employment opportunities.

These are challenging times, so the creation of new jobs at Nationwide International is very welcome news."