Daniel Frumkin, Chief Executive Officer at Metro Bank, said: “I am really pleased to see the business return to profit in September on both an underlying and statutory basis. This performance reflects our tight control of both costs and risk, close management of our deposit franchise and lending channels, and the supportive prevailing interest rate environment, all of which help build a balance sheet that delivers sufficient margin to cover costs."
Metro Bank has appointed Faisal Hussain as its new Chief Information Officer and Chief Transformation Officer. Faisal – who joined Metro Bank in 2019 - will take up his new posts immediately.
The UK’s community bank, Metro Bank, is predicting a perfect storm for scams this winter because of the Royal Mail strikes, the approaching Black Friday online purchasing activity and the cost of living challenges.
As the cost of living crisis escalates, most of the UK are no longer making ends meet. More than half (51%) now admit that they can afford only half (48%) of their regular outgoings.
Metro Bank welcomes the government’s announcement reversing the recent National Insurance rise, providing an improvement to all employees’ net take home pay.
Metro Bank has achieved the top spot in the Competition and Market Authority’s (CMA) latest Service Quality Survey for overall service to its personal current account customers for the ninth time running.
Pall-Ex Group Limited, the owner of two UK based palletised freight distribution networks, headquartered in Coalville, Leicestershire, has just capitalised on an opportunity to purchase 66 trucks that were previously being leased thanks to rapid support from Metro Bank.
Daniel Frumkin, Chief Executive Officer at Metro Bank, said: “We have delivered a strong first-half performance and I am encouraged by the continued momentum we are seeing across the bank. Initiatives we have put in place have helped us to improve NIM and lending yield, and drive record revenue growth. We have also maintained our cost discipline and improved our cost to income ratio, with the focus on generating greater earnings from our capital base. As a result, we have built a sustainable business and we now expect to reach monthly breakeven during Q1 2023.
Metro Bank has just selected two new start-ups and one internal team to join its Magic Makers programme to drive innovation in its business through a 10-week Innovation Lab
The UK’s community bank, Metro Bank, is offering consumer guidance about the summer of scams forecast to hit Britain as fraudsters and scammers react to recent health and government announcements.
Please contact pressoffice@metrobank.plc.uk or 07815 506845