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MFG reports up in profits

Tuesday, 26 September 2017 13:54

'Encouraging' start to 2017 says Group

One of the Island's largest private banking constortiums says its latest increase in pre tax profit is 'encouraging'.

Manx Financial Group, which encompasses Conister Bank, Edgewater and a number of other firms, has posted its interim results for the first half of 2017.

Total assets for the Group now stand at £174.3 million - with profit before tax up 30% to just shy of a million.

MFG's Executive Chairman, the Brexiteer businessman Jim Mellon, commended the 'substantial and sustained progress' that has been achieved this year.

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