Current Account Switch Service could increase number of switchers by over a million people annually, from 1.3 million people a year (2012) to 2.5 million a year (2023) Additional reforms including account portability could more than triple (3.5x) switching rates annually in next 10 years New econometric research out today from Metro Bank reveals that the Government backed Current Account Switch Service (CASS) could substantially improve switching rates.
Metro Bank has today launched Metro Bank MORE; a new bespoke offers platform designed to bring MORE to customers and local businesses. The platform, which is freely available to all Metro Bank customers, brings specially designed deals to people across London and the South East. Customers are encouraged to select their local store and browse the ever-changing offers in their area. These include money off at local restaurants, dry cleaners, florists, gyms and much MORE. There is also a range of London-wide deals of which all customers can take advantage.
London, 1 August 2013: Metro Bank, the newest high street bank in more than 100 years, is broadening its offering to business customers through the acquisition of SME Invoice Finance Limited (“SME”), which specialises in invoice discounting and factoring and cash-flow funding for businesses.
London, 29 July 2013: Metro Bank, the revolution in British banking, announces its half year results as it reaches its third anniversary.
Metro Bank, the revolution in British retail and business banking, is beginning construction on its newest store at One Wood Street, Cheapside, City of London. The store is set to open in late 2013.
Metro Bank, the revolutionary High Street Bank, today announces a refresh of its large loan residential and Buy to Let (BTL) mortgage ranges, reducing prices by up to 66bps for residential customers and 50bps for BTL customers.
Metro Bank continues to demonstrate its appetite to lend with the announcement of two multi-million pound financing deals with specialist housing associations. The newest high street lender has provided a new £10 million funding line to the Agudas Israel Housing Association and £4 million to the Apna Ghar Housing Association, both repaying over a period of 25 years
Metro Bank, the first new High Street bank in more than 100 years, is looking for amazing new colleagues with outstanding customer service skills to join its new store coming soon to Staines. With roles ranging from customer service representatives to senior store management, Metro Bank is looking for up to 25 people to join the banking revolution when its Staines store opens in September 2013. The bank recruits confident and resourceful individuals with a ‘can do attitude’. Colleagues don’t have to have banking experience as full training is provided, but must have a passion for putting the customer first.
Craig Donaldson, Chief Executive Officer, Metro Bank, said: “This report shows a clear desire from the Commission to increase competition and strengthen governance across the banking sector. However, from our experience of setting up the first high street bank in over 100 years, we believe that although the recommendations are broad, there is still a long way to go until we see recommendations actually translated into action.
Metro Bank today sets out its recommendations for legislative change in the banking sector, ahead of the Parliamentary Commission on Banking Standards’ imminent report. Metro Bank is the only high street bank to have successfully navigated the regulatory processes to launch in more than 100 years.
Please contact pressoffice@metrobank.plc.uk or 07773 244608