Lloyds Bank is to move from its Prospect Hill base to another landmark building in Victoria Street.

The company has submitted an application (20/00390/B) to move to the Villiers Building, on the corner of Victoria Street and Loch Promenade.

The proposed alterations for the building exterior include a new branded shop front, the installation of two ATMs and relocation of a doorway.

The building used to be home to RBS International, the parent company of the Isle of Man Bank and NatWest. Its operations have moved to Athol Street.

Alasdair Gardner, Lloyds Bank’s islands director, said the banking giant intends to move into its new base early next year.

He added: ’This significant move marks Lloyds Bank’s long-term investment into the Isle of Man and will provide our branch customers, presently located at Victory House, with a new state-of-the-art branch offering all the up to date digital facilities.

’In addition colleagues from our head office at Peveril House will be moving to the new site which will offer a fantastic place to work for our "International Centre of Excellence".

’Works and planning permissions for the new site are still in progress due to the delays caused by the lockdown, and subject to this, we hope to be moving to the new building by early 2021.

’This exciting development on such a historic and prominent site marks an important milestone for Lloyds Bank who have been on the island since 1897.

’We look forward to building on our strong reputation for excellent customer service in providing banking and business services to the island with this new branch.’

Exterior works would see a new shopfront into the bank of Victoria Street.

The office entrance on Victoria Street would also be relocated.

Part of the works would see the building, owned by the Tevir Group, adorned in Lloyds Banking Group branding both on Victoria Street and the Loch promenade facing sides.

On the ground floor, the plans show the office split into commercial and retail banking.

The retail banking area is split into waiting areas, meetings rooms, service counters.

Meanwhile, the commercial banking side would include a conference room, two interview rooms and a separate corner office.

Plans for the first, second, third and fourth floors show banks of desks along the seaside facing wall with the curved corner used as meeting rooms, training space and a cafe area.

Plans for the basement show there would be eight car parking spaces and bike storage.

And three shower rooms, including an accessible one, would be made available to staff.

The site was bought by the Tevir Group, which also owns the Castle Mona Hotel, in 2018.