The latest statistics from the Island's financial regulator shows total lending by banks has risen more than 29 per cent in the last three years.
The Financial Services Authority has released its Banking Statistical Bulletin for the end of 2023.
In it, it says banks lent a total of £7.2 billion in 2020 - but that figure stood at £9.3 billion at the end of last year.
The FSA report also shows the number of people employed by banks in the Isle of Man has risen from 1,925 in 2020 to 2,067 in 2023.
How will Island remain attractive during MONEYVAL assessment?
How will the Island stay attractive to businesses while being scrutinized by Europe's anti-money laundering body?
Do you know a company director who deserves an award?
Do you know a company director who deserves recognition?
Festive social event for young professionals this week
Locate Isle of Man is hosting a social event this week.
Fewer businesses now optimistic about future
Fewer local businesses are optimistic about the future compared to last year, according to a new government poll.
Financial regulator recruiting for board members
The Financial Services Authority is looking for new board members.
Businesses needed for seaside kiosk
Port Erin Commissioners say they're looking for people with business ideas to rent a beachside shed.
Businesses who wouldn't recommend IOM almost triples in 8 years
Around 20 percent of local companies say they wouldn't recommend the Island as a place to do business.
M&S officially opens new-look Douglas food hall
Percy Pig and Colin the Caterpillar were on hand this morning to help officially open Marks and Spencer's new food hall.
