Metro Bank has reported that its total assets grew by 145% over 2013.

The institution, which was the first new high street bank in more than 100 years, has published its quarter four financial statement to 31 December 2013.

Total loans including commercial loans grew to £755 million, an increase of 348% on the start of the year.

Meanwhile, deposits increased to £1,315 million a 128% increase on the beginning of the year.

Metro Bank also saw £387.5 million growth capital raised from new and existing investors worldwide.

Craig Donaldson, CEO of Metro Bank, said : “The revolution continues with substantial growth across deposits and lending, and most importantly customers, who continue to show their support by coming to us for their personal, business and private banking needs.

“Our focus continues to be on offering customers a community bank that provides the very best in service and convenience. As our store network expands across London and the South East, we’re offering more and more people a real choice on the high street, and we’re looking forward to welcoming ever increasing numbers of customers in 2014.”