We’re £5 billion up

Philip Dunne and staff at Nationwide offices St Georges Street Douglas

Philip Dunne and staff at Nationwide offices St Georges Street Douglas

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STAFF at Nationwide International are celebrating after notching up a record £5 billion in customer balances.

Delighted managing director Philip Dunne, 47, hailed it as an incredible milestone in the company’s history.

Father-of-two Mr Dunne marked the achievement by organising for a chef to come to the offices in Samuel Harris House, St George’s Street, Douglas, to cook a celebratory breakfast for up to 60 staff.

Based in the Isle of Man for the past 21 years, this wholly owned subsidiary of Nationwide Building Society has reached a record £5 billion in customer balances.

Customers are based globally in more than 150 countries and are offered a range of deposit accounts in Sterling, Euro and US Dollars.

Mr Dunne said: ‘This has been a great achievement especially in the current economic times.

‘Our ability to embrace change, target new markets and deliver innovative savings products has contributed to our current growth.

‘These factors, combined with investment in technology and a team of dedicated staff has seen Nationwide International grow strongly in recent years.’

Treasury Minister Eddie Teare MHK said: ‘This is a very significant milestone which is a testimony to the quality of service from the team at Nationwide International and the overall perception of the Isle of Man.

‘I am sure that Nationwide will continue to be an integral part of our finance industry.’

Mr Dunne, who lives in Ramsey, told Business News the emphasis has always been on savings. He said: ‘We have not done anything particularly clever, we have stuck to what we know how to do which is savings.

‘We don’t offer mortgages, we don’t offer credit cards, we don’t offer overdrafts, we just offer good priced savings accounts.’

He added that the business prided itself on keeping staff long term and made a point of listening to the views


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