Metro Bank closer to profit as lending levels more than double

Tim Wallace
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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.

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