Metro Bank is set to create 500 new jobs as it extends operations beyond London as part of its plan to open 110 branches by 2020. Metro Bank, launched in 2010 and the first UK bank to be created in more than 150 years, currently has 48 offices in the South East and 900,000 customers. The move comes after a review into Metro’s business model which saw the company focus on growing customer numbers rather than increasing profits.
Metro Bank is set to create 500 new jobs as it extends operations beyond London as part of its plan to open 110 branches by 2020. Metro Bank, launched in 2010 and the first UK bank to be created in more than 150 years, currently has 48 offices in the South East and 900,000 customers. The company's share price has risen 47% since floating on the Stock Exchange almost a year ago, and it made its first pre-tax trading profit, £600,000, in Q3 2016.