Metro Bank, the newest high street bank in more than 100 years, was last night named Wealth Management Innovator of the Year at the prestigious Spear’s Wealth Management Awards 2013. The bank was also nominated in the Private Bank of the Year category.
Metro Bank, the revolution in British banking, today announces its quarter three financial statement, to 30 September 2013
Craig Donaldson, CEO, Metro Bank: “Overall today’s Funding for Lending figures are once again disappointing for the industry. Despite a net lending increase in the quarter, overall lending since June 2012 remains flat, demonstrating a lack of commitment from many of the scheme’s participants to use FLS to boost lending to individuals and SMEs.
Metro Bank Founder and Chairman, Vernon Hill, has been awarded the Gold Stevie® Award in the Chairman of the Year Category at the 2013 International Business Awards (IBAs). The International Business Awards are the world’s premier business awards programme. They were created in 2003 to honour and generate public recognition of the achievements and positive contributions of businesses and working people worldwide. This year’s awards, the 10th annual awards, were judged by more than 250 executives around the world.
Metro Bank has today launched Metro Bank MORE; a new bespoke offers platform designed to bring MORE to customers and local businesses. The platform, which is freely available to all Metro Bank customers, brings specially designed deals to people across London and the South East. Customers are encouraged to select their local store and browse the ever-changing offers in their area. These include money off at local restaurants, dry cleaners, florists, gyms and much MORE. There is also a range of London-wide deals of which all customers can take advantage.
London, 29 July 2013: Metro Bank, the revolution in British banking, announces its half year results as it reaches its third anniversary.
Metro Bank continues to demonstrate its appetite to lend with the announcement of two multi-million pound financing deals with specialist housing associations. The newest high street lender has provided a new £10 million funding line to the Agudas Israel Housing Association and £4 million to the Apna Ghar Housing Association, both repaying over a period of 25 years
Craig Donaldson, Chief Executive Officer, Metro Bank, said: “This report shows a clear desire from the Commission to increase competition and strengthen governance across the banking sector. However, from our experience of setting up the first high street bank in over 100 years, we believe that although the recommendations are broad, there is still a long way to go until we see recommendations actually translated into action.
Metro Bank today sets out its recommendations for legislative change in the banking sector, ahead of the Parliamentary Commission on Banking Standards’ imminent report. Metro Bank is the only high street bank to have successfully navigated the regulatory processes to launch in more than 100 years.
Craig Donaldson, Chief Executive Officer, Metro Bank: “Metro Bank is committed to supporting and nurturing enterprise by providing lending solutions to our customers. We’re extremely proud that since June 2012, as today’s figures show, we’ve increased our lending by 219%. Our lending growth is a message to SMEs that there is lending to be had if they look in the right places.