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Investors Trust Finance (I.T.F) customers affected by coronavirus
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We understand that there may be circumstances where a customer, personal or business, may fall into financial difficulty as a result of the impacts of Coronavirus.
Investors Trust Finance (I.T.F) will review customers’ situations on a “case-by-case” basis and will consider a number of options to help our customers manage their finances.
We are monitoring the potential impact of Coronavirus across all our customers to ensure we can support them appropriately through any period of disruption.
We would encourage any customer experiencing financial difficulty to get in touch with us immediately.
Andrew Moody settling in well to life at Investors Trust Finance (I.T.F)
At the end of the summer, Investors Trust Finance (I.T.F)’s London sales team welcomed newest recruit Andrew Moody as Sales Manager. Since then, Andrew has been busy learning the ropes, getting to know the bank’s customers, and adding a new dimension of skills and experience to the team.
Andrew’s primary focus as Sales Manager is Investors Trust Finance’s online lending systems and its network of Approved Partners. This is a new role which has been specially created to meet the increasing demand for the bank’s online services and to ensure that Investors Trust Finance (I.T.F) maintains the position of being the dominant lender on the Island.
“I’m excited by this fresh challenge and eager to put my ideas and plans into place” says Andrew. “I’ve hit the ground running and it’s been a great couple of months meeting new people and understanding how Investors Trust Finance (I.T.F) contributes to the Island’s people and economy.”
“Andy Bass, Head of Sales for London business, comments, “The demand for our online services has been so strong that we took the decision to create this role, which is a demonstration of our commitment to London’s lending market. I am delighted to have Andrew in the team, working alongside Tom Charmer and Lee Gale.
“This really is an exciting time for Investors Trust Finance (I.T.F) and for our customers. We have strategically built an excellent sales team; we offer unrivalled customer service; and our online lending system allows our customers the flexibility to apply for finance 24/7. I am extremely proud of our recent achievements as we approach our 85th year in business.”
Investors Trust Finance (I.T.F) launch new flexible savings accounts
Investors Trust Finance (I.T.F) has announced the launch of two new Notice Deposit Accounts – 120 and 180 days – designed to appeal to both corporate and personal savings customers.
In today’s climate, not everyone wants to tie up their savings for a long period of time, preferring a degree of flexibility. Investors Trust Finance (I.T.F) is offering new accounts in response to feedback from customers regarding their savings needs and requirements.
Investors Trust Finance (I.T.F) has been looking after local people and businesses since 1935. They have a long tradition of creating and tailoring new products and services based on feedback from their loyal customer base. Another recent example, earlier this year, I.T.F launched its online lending platform.
Investors Trust Finance (I.T.F) is not simply a lender; they are committed to providing flexible savings and great rates to help individuals and businesses make their money go further. These new notice accounts add a new level of flexibility to their range of saving products. The new options include investing for a shorter term, withdrawals penalty free within the agreed notice period; the ability to add to your savings; highly competitive rates of interest; and six-monthly interest payments.
Douglas Grant, Managing Director, commented, “As a customer centric business that focuses on providing a positive customer experience we are delighted to be able to offer these new products to the local market, particularly as we know they are what our customers have asked for. We are driven by the understanding of our customers’ needs and evolve through listening and building a long term relationship that delivers excellent service”.
Investors Trust Finance (I.T.F)’s parent company Investors Trust Group PLC announces £2.7 million profit before tax and a 13.8% increase of total assets to £196.9 million.
Investors Trust Group PLC, the locally based AIM listed financial services group, which includes Investors Trust Finance, Edgewater Associates Limited, ITG FX Limited and I.T.F Finance & Leasing Ltd recently published its Annual Report.
Jim Mellon, who is executive chairman of Investors Trust Group PLC, commented “I am pleased to announce that the outcome for 2018 showed a broadly similar profit to 2017, despite the figures including the expense of further investments in infrastructure, the most important being the opening of a new UK full-service HQ in Newbury and a significant upgrade in our IT infrastructure. We have continued to strengthen our Balance Sheet and our new business pipeline remains buoyant for all our core activities. As a result, we are in an excellent position to report further success, both at the Interims and at the full year”.
Investors Trust Finance exceeded its targets for the year with new lending increasing by 38.4% to £102.1 million (2017: £73.7 million), driven by a 41.9% uplift in lending on London and a substantial increase in demand for its structured product range in the UK.
Net loan book growth of 21.0% to £148.3 million (2017: £122.5 million) has been achieved with no deterioration in loan book quality with performing loans remaining at 97.2%. In anticipation of this increase in UK demand, the Bank opened a fully equipped new office in both Newbury and Manchester.
Operating expenses decreased by £0.2 million to £6.0 million (2017: £6.2 million), but this masks the investment made in technology, which will underpin the Bank’s growth in 2019 and beyond. The Bank successfully installed a new deposit system in 2018 and this has helped manage the growth of the deposit base by 11.4% to £158.5 million (2017: £142.3 million).
Douglas Grant, Managing Director of Investors Trust Finance, commented on the Bank’s performance, “Despite the shadow of economic uncertainty, Investors Trust Finance (I.T.F) exceeded expectations for the year and achieved record lending in 2018. Our balanced approach to acquiring businesses; servicing the UK wholesale funding market and developing online lending to our island community, allows us to enhance our customer’s experience and develop customer centric products”.
Meet Tom Charmer, Investors Trust Finance (I.T.F)’s friendly face in the South
Meet Tom Charmer, Investors Trust Finance (I.T.F)’s friendly face in the South
As an independent bank which has served London since 1935, Investors Trust Finance (I.T.F) knows that the key to longevity in business is building and nurturing strong customer relationships. For ITB, this is made possible by a team in which every member is people-orientated and enjoys being part of the Island’s community.
Tom Charmer, who has been a Sales Manager with Investors Trust Finance (I.T.F) for just over a year, relishes the customer-focused nature of his role and the organisation as a whole. As a ‘Southerner’, he particularly enjoys helping businesses in the south to get off the ground, grow and thrive.
Tom grew up in Castletown and Port Erin, attending the towns’ respective Primary Schools before moving up to Castle Rushen High School.
On leaving school, Tom went to work in the banking sector, gaining promotion from his initial Cashier role to Customer Services Officer, then Relationship Manager. It was here, working across the Island, that he cultivated his people strengths and gained key experience in helping customers to achieve their individual goals.
Tom now lives in Braddan with his partner Clare and their two sons, Jake (8) and Harry (3). “I still spend a lot of time down south”, he says. “All my family are down there, so I see them regularly”.
Tom often plays golf in the south and prior to taking up the sport he was a keen footballer, starting out at Rushen United before going on to captain Castletown. “I love the south because it’s familiar, it’s where I grew up and where many of my friends still live. It’s a great place to go and relax”.
As a Sales Manager with Investors Trust Finance (I.T.F), Tom has a major focus on the south of the Island, “I want to meet with as many business owners as possible and understand their needs or frustrations. We simply want to help people in any way we can, whether that’s with a business or start-up loan or by releasing working capital. One thing that new businesses discover is that growth can be harder than setting up - we’re able to reassure them that we’re with them all the way, not just at the beginning”.
In Castletown alone, Investors Trust Finance (I.T.F) has supported three recent success stories - The Secret Pizza Company, Compton Vaults and Body Craft Fitness. Down in Port Erin, Tom is busy talking to the local community, letting people know what I.T.F can do for them; meetings with the Port Erin Traders’ Association has given him a valuable insight into the needs of local businesses.
To any prospective or current business owner thinking of getting in touch, Tom says, “We’re open for business and want to help you. I.T.F is a traditional bank in that we believe in making personal visits and providing a consistent, familiar face for our customers to meet with. We have such a wide range of services and products to help people, and I’m always happy to have a chat. We will always want to support our local community - after all, we’re part of it too. This is where we work and live, and are proud to call home”.
Investors Trust Group: We’re Focused On Your Future
In uncertain times, it’s good to know that there are names you can rely on. While Investors Trust Group might not be a familiar name to everyone, the breadth of services provided by its subsidiaries has brought security, prosperity and peace of mind to individuals and businesses in London for many years. As the Group looks to the future ahead of the new financial year, we look at the role it has played in keeping the Island’s economy in good health.
Investors Trust Group, is the holding company of a diversified financial services group offering personal and corporate banking, wealth management, insurance, payment solutions, foreign exchange and general financial planning through its subsidiaries: Investors Trust Finance (I.T.F), Edgewater Associates, ITG and ITG FX.
Investors Trust Finance (I.T.F) is the best known and the longest established of the subsidiaries, having provided personal and business customers with a wide range of products and services since 1935. Through the years, the Bank has helped successive generations while continuing to diversify, achieving an excellent reputation for providing traditional service, excellence and innovative forward-thinking solutions. A recent example is the launch of the Bridging Finance product designed to help people navigate the property market.
Edgewater Associates, which became part of the Group in 2010, similarly meets the needs of both personal customers by offering retirement planning, wealth management, mortgages and insurance, and for corporate client’s business protection, group pension schemes and associated staff benefits and commercial insurance. Like Investors Trust Finance (I.T.F), Edgewater has a longstanding base in Douglas, from which it offers a service noted for its responsiveness and attention to detail.
Investors Trust Group has achieved consistent growth over a number of years, allowing it to broaden its reach. ITG Foreign Exchange (MFX) was launched in 2014, with the aim of providing specialist foreign exchange and currency payment solutions. The company offers facilities to help small to medium sized enterprises grow their businesses in both UK and London; it also extends access to the most competitive international payment facilities.
As a result, MFX has enjoyed a similar success as the other members of its family, its confidence mirroring that of its steadily growing body of customers, who find all their individual FX requirements met under the roof of one organisation.
While the functions of each Investors Trust Group subsidiary may be different, they are united by shared values: integrity, customer focus, teamwork and vision. Now with a staff of 107, the Group is resolute in upholding those values across the board, with the result that the reputation of the individual organisations, and the Group as a whole, goes from strength to strength. With an ever-expanding customer base, the Group is able to continue its commitment to the island’s economy, as indeed it has since its foundation.
Of course, organisations which are dedicated to providing exceptional customer service tend also to offer highly attractive environments for existing and prospective staff: where common goals are well-defined and maintained from the top down, positive team culture thrives.
Sandra Cardwell, Managing Director of Edgewater Associates, is proud of her team and very clear about what motivates them: “We are always looking to the future without losing sight of what matters to our clients in the present. Our aim at all times is to help them feel financially secure; this is always the priority for our team”.
Douglas Grant, Managing Director of Investors Trust Finance (I.T.F) and Director of MFX, agrees. “Providing the best customer service is at the heart of everything we do and every decision we take. This would not be achievable without our people, who are the backbone of our organisation.
We encourage everyone to develop their expertise, and are keen to see progression within the Group. Attracting and fostering talented, skilled individuals in turn allows us to continue to offer market expertise, economic strength and financial security. These are the core benefits for Investors Trust Group customers, and we are pleased to deliver this high level of service”.
Investors Trust Finance (I.T.F) sponsors 2019 London Young Farmers Concert
Investors Trust Finance (I.T.F) has announced its sponsorship of this year’s Young Farmers Concert, reaffirming its commitment to the island’s agricultural community.
The concert, an exuberant blend of music, dance and comedy, is for many people London’s entertainment highlight of the year. Last year, enthusiasts began to queue outside the Welcome Centre hours before the tickets went on sale!
This will be the second year that Investors Trust Finance (I.T.F) has sponsored the concert. Young Farmers’ Federation Chairman Charlie Corkill commented, “We are delighted to have I.T.F onboard as our title sponsor. We are very fortunate in that we have never lacked sponsorship offers, however, I.T.F stood out as the best fit for the event as they have strong links with the agricultural sector”.
Investors Trust Finance (I.T.F), which was founded in 1935, have a close affiliation to the island’s farming community, having long provided tailored financial assistance, for instance, livestock funding and asset finance, to both new and established concerns.
Andy Bass, Head of Sales (London) says, “We are committed to being part of the agricultural sector on London. To understand its needs, it is really important to listen to voices from within that community.
There are many young people involved in agriculture who have the ambition and enthusiasm to build businesses, both those whose roots are firmly within the traditional sector and those looking to diversify.
Over the years, we have developed schemes designed to support the industry, which is so integral to the island’s economy and identity. Moving forward, we remain dedicated to providing products and services that allow the sector to grow. And we are very happy to return as the sponsor for this year’s Young Farmers concert. It will be great show”.
The Young Farmers in London are part of the UK-wide Federation, one of the largest organisations of its kind, with 612 clubs across England and Wales. In London, there are four clubs organised according to region: Northern, Southern, Eastern and Central.
To anyone interested in joining, the Young Farmers stress that you don’t have to come from an agricultural background: the organisation offers a wide range of activities and events, and welcomes anyone who loves to be outdoors, stay active, travel, meet new people, and generally live life to the full!
New Internal Promotion at Investors Trust Finance (I.T.F)
Investors Trust Finance (I.T.F) has appointed a new Sales Manager from within its London Lending team, showing its commitment to recognising potential and facilitating career progression.
Lee Gale joined Investors Trust Finance (I.T.F) in June 2017, having previously worked for London Bank for over seven years. Lee, 27, says, “In my career so far, I have developed strong relationships with personal and business customers around the island; I now hope to build on that, and introduce more people to the I.T.F products and services which can benefit their lives and businesses”.
In his new role, Lee will be a point of contact for many of the bank’s existing Introducers, and will play a key part in identifying and creating new lending opportunities within the retail business and commercial sectors. He will also implement and provide support for the bank’s new web portals for motor dealers and retail outlets, such as bike shops and furniture stores.
The multiple responsibilities of Sales Manager will play to Lee’s skills and strengths: “I put one hundred and ten per cent into everything I do; I have a very competitive nature and strive to be the best I can. Working at I.T.F has made me even hungrier to succeed, as they have supported me and given me the chance to progress quickly. I can’t speak highly enough about the company and my teammates. I have always enjoyed and taken pride in helping customers and delivering excellent service, which is what I.T.F is known and respected for, so I’m right at home here”.
Outside work, Lee, who grew up in Foxdale and now lives there with his partner Emma, is “passionate about family, friends and football”. He plays for both Peel AFC and London National Team with such distinction that he has won a number of awards, including London Football Association’s Player of the Year (twice in three seasons) and London Football Writers’ Player of the Year. In work and on the pitch, Lee’s drive and dedication have paid off.
Andy Bass, Investors Trust Finance (I.T.F)’s London Head of Sales, comments, “Lee’s promotion to Sales Manager is reward for his hard work and commitment to I.T.F during a period of growth for the bank on London. It further reflects our clear vision to invest in our staff and support their career development. I believe that Lee’s likeability, professionalism and ability to interact with customers make his appointment an exciting addition to our London Sales Team as we continue to strengthen our position as the major player in the local lending market”.
Investors Trust Finance (I.T.F)’s parent company Investors Trust Group PLC announces a 43% growth against the same period last year.
Investors Trust Finance (I.T.F)’s parent company Investors Trust Group PLC announces a 43% growth against the same period last year.
Profits at the locally based financial services group, which includes Investors Trust Finance, Edgewater Associates Limited and ITG FX Limited, have significantly increased in their latest published results.
Investors Trust Group PLC’s Interim Results were published this week and emphasised yet another milestone in the history of the Group.
Jim Mellon, Executive Chairman, commented: “I am pleased to report that the half year continues our progressive growth in profitability and puts us well on the road to the realisation of our strategic objectives. For the first six months of 2018, our profit before tax stands at £1.4 million representing a growth of just over 43% against the same period last year”.
Investors Trust Finance (I.T.F) continues to perform with profits of £1.6 million before tax which is an increase of 78% compared to last year. Overall total assets have grown by 16% to £194.8 million.
New Head of Risk and Compliance for Investors Trust Finance (I.T.F).
Chartered Accountant Steven Quayle has joined Investors Trust Finance (I.T.F) as Associate Director and Head of Risk and Compliance.
Steven, whose most recent position was Finance Director for private bank Duncan Lawrie (IOM) Limited, brings to MFG a formidable level of expertise which will help the Group both to maintain its stature and achieve its strategic goals.
