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.
PokerStars Isle of Man faces uncertainty over Flutter job cuts
PokerStars' Isle of Man operation could be affected by plans to cut up to 1,400 jobs at parent company Flutter Entertainment.
Businesses invite to sponsor Island Games 2029
The Isle of Man will be hosting a huge sporting event in 2029 - and your business is invited to get involved.
Isle of Man to change sanction rules following UK
The Isle of Man is getting new rules about sanctions, as the UK changes its regulations.
Island company unveils AI voicemail alternative
An Isle of Man technology business has launched a new AI service to help companies handle phone enquiries more efficiently.
Deadline approaches for kiosk lease applications
Have you ever dreamed of having your own beachfront business?
Updated sanction lists across four different countries
The government has released four updated sanction lists covering different countries.
Peel Lifeboat receives generous donation
An Isle of Man lifeboat station has been given a generous donation by a local company.
Beach sauna plans submitted for the south of the Island
Port Erin could be getting a permanent beach sauna, if planners give the green light.
Comments
Add a comment