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| Formerly | Metro Bank Limited (2007–2009)[1] |
|---|---|
| Company type | Public limited company |
| LSE: MTRO | |
| Industry | |
| Founded | 29 July 2010 |
| Founders |
|
| Headquarters | London |
Number of locations | 76 |
Key people |
|
| Products | |
| Revenue |  £648.9 million (2023)[3] |
| £30.5 million (2023)[3] | |
| £29.5 million (2023)[3] | |
| Total assets | £22,245.0 million (2023)[3] |
| Total equity | £1,134.0 million (2023)[3] |
| Owner | Jaime Gilinski Bacal (53%) |
| Website | metrobankonline |
Metro Bank PLC is a retail and commercial bank operating in the United Kingdom, founded by Anthony Thomson and Vernon Hill in 2010.[2] At its launch it was the first new high street bank to launch in the United Kingdom in over 150 years.[4] It is listed on the London Stock Exchange.
After a period of rapid growth, Metro Bank hit difficulties in early 2019 when it announced it had insufficient capital to meet regulatory requirements, following the discovery of an error in the way it categorised its commercial loans for capital adequacy purposes. As a result, it had to raise an additional £350m of capital. Concerns over the announcement and the bank's ability to raise the capital resulted in the bank's share price falling by 75% in less than four months, and large depositors withdrawing cash, because of "adverse sentiment".
- ^ "Metro Bank PLC overview - Find and update company information - GOV.UK". Companies House. 6 November 2007. Retrieved 19 February 2024.
- ^ a b Chris Harlow, Metro Bank’s chief executive Craig Donaldson reveals what he looks for when hiring new talent, City A.M., 5 March 2013
- ^ a b c d e "Annual Results 2023" (PDF). Metro Bank. Retrieved 13 March 2024.
- ^ Cite error: The named reference
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