Mach Recruitment, a Leeds based specialist recruitment business has agreed a £45m invoice finance facility with Metro Bank.
Daniel Frumkin, Chief Executive Officer at Metro Bank, said: “Following the successful deposit campaign launched in Q4, we have implemented our plans to reduce cost of deposits and optimise our elevated liquidity position"
Metro Bank is advising about investment scams which is its Scam of the Month for April – last year the Bank reported over six victims every week. UK Finance reports investment scams at over £2m per week and Metro Bank has already seen over £4m fraud this year with nearly one in five cases being business and commercial customers.
Metro Bank was honoured at The UK Sponsorship Awards with the prestigious Women’s Sports Sponsorship Award for its outstanding partnership with The England and Wales Cricket Board (ECB).
Daniel Frumkin, Chief Executive Officer at Metro Bank, said “Overall, Metro Bank performed strongly in 2023 as we continued to position the business for growth.
Metro Bank has appointed Andy Veares as its new Managing Director for Corporate and Commercial subject to regulatory approval.
Last year Metro Bank saw a more than 50% increase in romance scams and latest UK Finance data shows scammers earned £18.5m in the first six months of last year – that’s a staggering £102,209 a day or more than £4,000 every hour.
Metro Bank has just won The Diversity, Equity & Inclusion Award from The Top 1% Workplace Awards 2023 organised by The Financial Technologist: Metro Bank’s Enterprise Architect, Stephanie Carr was also named as one of The Top 1% Leaders of the Year.
Secured £325m capital raise, comprising £150m of new equity and £175m of new MREL issuance, alongside £600m of debt refinancing as previously announced.
Metro Bank was again the only UK high street bank to be named in the top ten of Newsweek’s annual list of the U.K.’s Top 100 Most Loved Workplaces®. The 2023 U.K.’s Top 100 Most Loved Workplaces® are the result of a collaboration with the Best Practice Institute (BPI), a leadership development and benchmark research company.
Please contact pressoffice@metrobank.plc.uk or 07815 506845