Metro Bank closer to profit as lending levels more than double

 
Tim Wallace
Follow Tim
American billionaire Vernon Hill launched high street challenger Metro Bank in July 2010
Challenger bank Metro lost £9.4m in the third quarter, improving on the £11.4m loss in the same period of 2013.

The lender, which has been nominated for a City A.M. award this year, saw its deposits jump 118 per cent on the year to £2.34bn.

At the same time, its loan book increased by 146 per cent to £1.39bn.

Related articles