Metro bank narrows full year loss
Challenger bank Metro narrowed full year pre-tax losses to £16.7m from £49.1m as it reported a 56% rise in deposit growth to £7.9bn
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Metro Bank Holdings
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Lending grew 66% to £5.8bn and revenues were up 62% to £195m. The bank attracted 260,000 new customers and now has 915,000 on its books.
Underlying profits before tax more than doubled to £1.5m from £0.6m as the company said it expected to deliver a full year of profitability in 2017.