Key figures for Metro bank in the UK 2018-2019

Founded in 2010, Metro Bank plc is a full service bank that offers both retail and commercial services. Metro Bank has seen a significant rise in customers during 2019 which has resulted in an increase in loans and advances to customers. The Companies total income also increased during 2019. It is also notable that total assets and deposits from customers decreased during the year.

Challenger banks

The term 'Challenger Bank' is used as a description of banks and financial services that were created after the Global Financial Crisis and have made significant impact in 'challenging' incumbent large banks or have had a significant impact on the market. KPMG describe four main areas in which challenger banks have appeared in the market in the United Kingdom. These include full-service retail banks such as CYBG/Virgin Money, Metro Bank, TSB Bank and the Co-op, Specialist lenders such as OneSavings Bank and Aldermore, retailer banks including Tesco's and Sainsbury's and Digital Banks. As the newest and perhaps the most exciting facet of challenger banks, Digital banks are mobile app-based banks that do not have a physical presence on the high street. Due to their simplicity and ease of use they have attracted significant attention from customers and investors alike.

Key figures and ratios for Metro bank in the United Kingdom (UK) in 2018 and 2019

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Source

Release date

February 2020

Region

United Kingdom

Survey time period

December 31, 2019 and December 31, 2019

Supplementary notes

* Average number of full-time employees.

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Statistics on "Banking channels in the United Kingdom (UK)"

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