Bank to close Isle of Man business

Thu, 11 May 2017

A bank is closing its Isle of Man business by the end of this year.

Permanent Bank International Ltd has announced it's beginning an orderly winding down of the business following a review.

The Permanent Group chief executive says the company wants to focus on its growing market share in Irish retail.

Permanent Bank International will start contacting its customers to close their accounts in the near future.