Metro Bank surpasses £10bn in assets

METRO BANK PLC

METRO BANK REPORTS THAT ASSETS HAVE SURPASSED £10BN

Metro Bank, the leading challenger bank, has today announced that assets have surpassed £10bn at the same time as customer accounts surpassed 900,000. This has been achieved less than six and a half years after its launch in July 2010.

Craig Donaldson, Chief Executive Officer said: "I am pleased that Metro Bank continues to grow strongly, serving our commercial, business and retail customers, on the high street, on the internet, by mobile app and by telephone. I am proud that we continue to win customers and to expand our store network with our 47th store opening last week in Colchester and our 48th store opening in Basingstoke on Friday, 30th December 2016.

The continued strong growth in assets and customers reflects the strength of the bank's business model and brand".

The bank's profitability continues to build upon the results announced in the third quarter, consistent with delivering month on month profitability before the end of 2016.

Michael Brierley

Company Secretary 020 3402 8900

For more information, please contact:

Metro Bank PLC Press Office

Tina Coates

+44 (0) 785 411 2582

[email protected] 

Metro Bank PLC Investor Relations

Jo Roberts

+44 (0) 20 3402 8802

[email protected] 

Martin Pengelley/ Latika Shah

Tulchan Communications

+44(0)20 7353 4200

[email protected]