An island bank is planning to ’buck the trend’ by expanding its operations in the island and creating 13 new jobs.

As a result of the proposed changes, Santander International’s headcount in the island will increase from 62 to 75.

A spokesman said: ’Santander International has undertaken a strategic review of its Isle of Man and Jersey business. It proposes to move the remainder of its operations roles that are currently in Jersey to the Isle of Man to improve productivity and efficiency.

’The majority of Santander International’s customer service and operational activities are already based in the Isle of Man, and the move would see the remaining operational roles (currently based in Jersey) transition to operate from one location. This would see the creation of 13 new roles on the island.’

Manxman James Geldart, managing director of the island branch in Prospect Hill, Douglas, said: ’The proposal to move all of our operational roles to the Isle of Man demonstrates our investment in the island and our confidence in the local market to build a talented workforce.’

The news comes hard on the heels of Lloyds Bank International’s February announcement it planned to cut 120 jobs in the island - more than a quarter of its workforce here.

Mr Geldart talks to business editor Duncan Foulkes about the plans for the island branch in next week’s business news in the Isle of Man Examiner, on sale Tuesday.