Chestnut Group, the East of England hospitality company, has received £20mn in new financing from Metro Bank, taking the bank’s total support to £50mn.
Metro Bank has appointed Alison Whistance as Head of Corporate Banking for Wales and the South West.
Metro Bank has agreed a £15mn invoice finance facility with Liquid Friday, a workforce solutions company that provides umbrella and outsourced payroll services.
The specialist lender has refreshed and improved its Near Prime residential product range.
An Essex pharmacy has agreed a £900,000 deal with Metro Bank to support its growth.
Metro Bank has supported Darwin Leisure Development Fund (DLDF), which owns some of the UK’s leading holiday parks with £50mn in refinancing.
Daniel Frumkin, Chief Executive Officer at Metro Bank, said, “Metro Bank’s strong performance in the first half of the year reflects the successful execution of our strategy and decisive actions we have taken. We trebled profits, doubled new lending to corporate, commercial and SME customers, meaningfully reduced operating costs and optimised funding to have the lowest cost of deposits of any UK high street bank."
Metro Bank, in partnership with England and Wales Cricket Board (ECB), has today launched its Seeing is Believing campaign, in a bid to close the image visibility gap in women’s and girls’ cricket.
Metro Bank has launched a new market leading offer for SMEs looking to switch their business bank account, with 31-months of fee-free banking.
The specialist lender expands its Buy to Let range to include Houses in Multiple Occupation (HMO) and Multi-Unit Freehold Blocks (MUFB).
Please contact pressoffice@metrobank.plc.uk or 07773 244608