Metro Bank has finalised a £16mn, five-year funding package with Criterion Capital to refinance Zedwell Greenwich, which opened in October 2023.
Metro Bank, the UK’s community bank, has entered into a long-term collaboration with Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, to enhance some of its IT and support functions, while digitally transforming the bank’s business operations.
Four female entrepreneurs and their businesses are being showcased by community bank Metro Bank as part of its partnership with the England and Wales Cricket Board (ECB).
“Metro Bank has made significant underlying progress during the first half of 2024. We have built real momentum in credit approved pipelines across commercial, corporate and SME lending, whilst expanding spreads in retail mortgages and repricing deposits. At the same time, our continued cost discipline is creating a simpler, more agile bank that is fit for the future.”
Metro Bank will open a new store in Chester and Gateshead by June 2025. Building work has commenced on Chester and will shortly start in Gateshead.
Metro Bank has launched its first Limited Company Buy-to-Let product as part of its continued focus on becoming a leading specialist lender.
Metro Bank is joining forces with Take Five to advise consumers about fraud prevention during ScamSceptible Week from Monday May 13th.
Metro Bank and the England and Wales Cricket Board (ECB) are stepping up their partnership with the launch of The Metro Bank Girls in Cricket Fund. The Fund, co-designed and jointly funded by Metro Bank and the ECB, focuses on recruiting, educating, supporting, and celebrating the people that make girls’ cricket in clubs happen, with the ambition to triple the number of girls’ teams at clubs by the end of 2026.
Mach Recruitment, a Leeds based specialist recruitment business has agreed a £45m invoice finance facility with Metro Bank.
Daniel Frumkin, Chief Executive Officer at Metro Bank, said: “Following the successful deposit campaign launched in Q4, we have implemented our plans to reduce cost of deposits and optimise our elevated liquidity position"
Please contact pressoffice@metrobank.plc.uk or 07815 506845