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Nationwide International

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Nationwide International
IndustryOffshore finance
Founded1990 (1990)
Defunct2017 (2017)
HeadquartersDouglas, Isle of Man
Key people
Philip Dunne, Managing Director
ProductsOffshore savings accounts
Number of employees
70 (approx.)

Nationwide International was a branch of Nationwide Building Society, based in Douglas on the Isle of Man and licensed in the Isle of Man by the Isle of Man Financial Services Authority.[1] It provided a range of offshore savings accounts denominated in euro, pound sterling and US dollar.

Nationwide International's assets were in excess of £2.76 billion as at 31 March 2008, increasing to £3.69 billion by 31 March 2009, making it one of the largest deposit takers in the Isle of Man.

Nationwide International confirmed in a statement issued on 22 September 2016 that it would be closing in mid-2017 and on 13 February 2017 confirmed all accounts would be closed by 30 June 2017. [2] Local media sources confirm up to 70 jobs will be lost as a consequence of the closure.[3]

References

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  1. ^ "Licenceholders". Isle of Man Financial Services Authority. Archived from the original on 2017-04-19.
  2. ^ "Latest news - Nationwide International". www.nationwideinternational.com. Archived from the original on 2009-10-03.
  3. ^ "Nationwide Confirms Isle of Man Closure – 70 Jobs at risk".
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