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Metro Bank comments on today’s Funding for Lending figures

1st 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.

“However, there does appear to be some light at the end of the tunnel, with several of the banks showing big increases this quarter – ourselves included. We’re extremely proud of our lending growth in the last year. Metro Bank is committed to supporting lending for individuals and SMEs and we hope this is a message to customers that there is lending out there, if you look to the right banks. We hope that over the next quarter we see more banks do more.”