Metro Bank has reported its second quarter trading figures to 30 June 2015.
During that period, total loans grew to £2,201 million; a year on year increase of 90%.
Total deposits rose to £3,791 million; year on year growth of 94%, while there were more than 49,000 customer accounts opened; a record quarterly increase of 10%.
Craig Donaldson, CEO at Metro Bank, said: “Our second quarter results show record growth in lending, with total loans surpassing the £2 billion mark. We’re particularly proud to report that a significant amount of our lending goes towards supporting local businesses, while our mortgage lending has experienced significant demand.”
Vernon Hill, founder and chairman of Metro Bank, added: “As we celebrate our fifth anniversary we would like to extend our thanks to all of our customers, colleagues and investors who have supported us in our mission to revolutionise British banking, and helped us to achieve unparalleled growth in assets, deposits, loans and most importantly ‘fans not customers’.”
