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Chancellor of the Exchequer George Osborne celebrates Metro Bank's rapid growth in colleague numbers

7th April 2015

Metro Bank, Britain’s revolutionary high street bank, today announces that it has created 1,700 new careers since its launch in 2010 and plans to employ a total of 5,000 colleagues by the end of 2020, as part of its wider expansion plans.

As the bank continues to grow, it has created hundreds of jobs in the communities it serves, with over 500 new roles created in 2014 and with plans to hire over 500 more new colleagues over the course of this year alone. The Chancellor of the Exchequer, George Osborne today visited Metro Bank’s store in Kingston-upon-Thames and met with colleagues to discuss future plans for the bank.

The Right Honourable, George Osborne commented:“It is great to see Metro Bank expanding, not just opening new stores, but also creating 3,300 new jobs up and down the country.

“This is our long term economic plan in action, giving customers more choice in how they bank on the high street, and creating new jobs and new opportunities for families."

Craig Donaldson, Chief Executive Officer at Metro Bank said: “We’re delighted to welcome the Chancellor to our Kingston store."

“From the very start, providing employment opportunities for local people in the communities we serve has been absolutely central to our model. We are extremely proud not only of the number of jobs we have created, but the fact that we will continue to create more opportunities as we continue to open more stores and create more fans. At Metro Bank we pride ourselves on recruiting for attitude and training for skill, and will continue to invest in the careers of our colleagues as the bank grows.”

The announcement comes at an important time for Metro Bank, which has recently opened new stores in Brighton, Cambridge and Southend, and plans to open a further seven stores before the end of the year.

Metro Bank, which has 34 stores across London and the South East, is focused on providing unparalleled levels of service and convenience to customers. Metro Bank recently announced a strong set of full year results, which included a 118% year on year growth in deposits to £2,867 million, of which 64% were to business customers. Lending also more than doubled over 2014, reaching £1,597 million, an increase of 112% year on year – of which business lending made up 45%.