BankingBusiness

Conister Bank: Applies for UK branch banking license

Conister Bank: Applies for UK branch banking license

  • Conister Bank is an Isle of Man-based retail bank focused on the consumer and small business (SME) markets
  • Applied for a United Kingdom Branch Deposit Taking license on 25 October 2022 (the “Branch application”)
  • The Branch application, if approved by the Prudential Regulation Authority (“PRA”) and the FCA
  • Applying for a UK Branch banking license, however, is no guarantee of approval
  • It will be well-placed for future growth through its expanding Specialist Finance and Broker teams
  • This application is a significant milestone in our banking subsidiary’s UK expansion strategy
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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