Metro Bank

OverviewSuggest Edit

Metro Bank is a retail bank that offers personal, commercial, business, and private banking services. It provides accounts, savings, borrowing, mortgages, safe deposit boxes, cash management, payments, and other products and services.
TypePublic
Founded2010
HQLondon, GBMap
Websitemetrobankonline.co.uk
Employee Ratings5More
View Jobs (47)

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Latest Updates

Employees (est.) (Dec 2020)3,850(+10%)
Job Openings47
Revenue (FY, 2020)£609.2 M
Share Price (Sept 2021)£1
Cybersecurity ratingBMore

Key People/Management at Metro Bank

Daniel Frumkin

Daniel Frumkin

Chief Executive Officer
Aisling Kane

Aisling Kane

Chief Operating Officer
David Arden

David Arden

Chief Financial Officer
Martin Boyle

Martin Boyle

Chief Transformation Officer
Cheryl McCuaig

Cheryl McCuaig

Chief Information Officer
Melissa Conway

Melissa Conway

Company Secretary
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Metro Bank Office Locations

Metro Bank has offices in London and Uxbridge
London, GB (HQ)
One Southampton Row, Holborn
Uxbridge, GB
PO Box 1130
Show all (2)

Metro Bank Financials and Metrics

Metro Bank Revenue

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Metro Bank's revenue was reported to be £609.2 m in FY, 2020 which is a 0.9% increase from the previous period.
GBP

Revenue (FY, 2020)

609.2m

Revenue growth (FY, 2019 - FY, 2020), %

0.9%

Gross profit (FY, 2020)

432.6m

Gross profit margin (FY, 2020), %

71%

Net income (FY, 2020)

(301.7m)

Market capitalization (8-Sept-2021)

173.8m

Closing stock price (8-Sept-2021)

1.0

Cash (31-Dec-2020)

3.0b

EV

(1.9b)
Metro Bank's current market capitalization is £173.8 m.
Annual
GBPFY, 2018FY, 2019FY, 2020

Revenue

518.4m603.7m609.2m

Revenue growth, %

46%16%1%

Cost of goods sold

114.3m188.1m176.6m

Gross profit

404.1m415.6m432.6m
Half Year
GBPH1, 2018H1, 2019H1, 2020

Revenue

235.7m306.3m270.7m

Cost of goods sold

45.9m85.8m101.8m

Gross profit

189.8m220.5m168.9m

Gross profit Margin, %

81%72%62%
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Annual
GBPFY, 2018FY, 2019FY, 2020

Cash

2.3b3.0b3.0b

Accounts Receivable

14.2b14.7b12.1b

Prepaid Expenses

66.0m66.0m77.0m

PP&E

454.0m856.0m806.0m
Half Year
GBPH1, 2018H1, 2019H1, 2020

Cash

2.0b2.1b3.1b

Accounts Receivable

12.0b15.0b14.9b

Prepaid Expenses

58.0m65.0m70.0m

PP&E

356.0m798.0m821.0m
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Annual
GBPFY, 2018FY, 2019FY, 2020

Depreciation and Amortization

45.0m76.0m74.0m

Accounts Payable

4.0b(1.2b)1.6b

Cash From Operating Activities

153.0m(1.7b)1.0b

Purchases of PP&E

(150.0m)(120.0m)(29.0m)
Half Year
GBPH1, 2018H1, 2019H1, 2020

Depreciation and Amortization

21.0m37.0m37.0m

Accounts Payable

1.1b

Cash From Operating Activities

161.0m(2.3b)671.0m

Purchases of PP&E

(38.0m)(33.0m)(10.0m)
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GBPH1, 2018

Debt/Equity

0.2 x

Financial Leverage

17.4 x
Show all financial metrics

Metro Bank Operating Metrics

Metro Bank's Customers was reported to be 2.2 m in FY, 2020. Metro Bank's Stores was reported to be 77 in FY, 2020.
FY, 2015FY, 2016May, 2017FY, 2017H1, 2018FY, 2018H1, 2019FY, 2019H1, 2020FY, 2020

Customers

655 k915 k1 m1.22 m1.42 m1.62 m1.81 m2 m2.1 m2.2 m

Stores

566667717777

Loans to Customers

£12.01 b£14.24 b£14.99 b£14.68 b£14.86 b£12.09 b

Deposits from Customers

£13.74 b£15.66 b£13.7 b£14.48 b£15.58 b£16.07 b
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Metro Bank Acquisitions / Subsidiaries

Company NameDateDeal Size
Retail Money Market LTDSeptember 14, 2020£12 m
RDM Factors Limited
SME Asset Finance Limited
SME Invoice Finance Limited

Metro Bank Revenue Breakdown

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Metro Bank revenue breakdown by business segment: 70.0% from Interest income, 9.8% from Fee and commission income and 20.2% from Other

Human Capital Metrics

Source: www.metrobankonline.co.uk, www.metrobankonline.co.uk, www.metrobankonline.co.uk
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Metro Bank Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

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Metro Bank Online and Social Media Presence

Metro Bank's Trends

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Metro Bank News and Updates

July 28, 2021

Metro Bank pulls in solid revenue as asset growth looks sluggish

Metro Bank has pulled £179.8m in revenue in the past six months, as the British bank looks to return to The post Metro Bank pulls in solid revenue as asset growth looks sluggish appeared first on CityAM.
June 04, 2021

Metro Bank bolsters UK call centre operations with new Bristol branch

Metro Bank has launched a new customer call centre above its Bristol store this week, another bank bolstering its call The post Metro Bank bolsters UK call centre operations with new Bristol branch appeared first on CityAM.
May 23, 2021

Liberty Steel breached £18m loan with Metro Bank - report

Metro Bank is reportedly still waiting for the repayment of an £18m loan from embattled steel group Liberty.  It is The post Liberty Steel breached £18m loan with Metro Bank - report appeared first on CityAM.
April 08, 2021

Metro Bank ships new mobile invoicing tool

Metro Bank has launched new invoicing technology for business customers using its mobile app, it announces today.
February 24, 2021

Results for Year ended 31 December 2020

£3.1 billion mortgage disposal RateSetter platform and back book acquisitions drive growth in unsecured lending Shift towards specialist mortgages (>80% of applications)
February 24, 2021

Metro Bank loss widens as it takes £124m hit from Covid pandemic

High street lender Metro Bank announced widening losses this morning, as provisions to cover loan losses due to the Covid pandemic eroded profits. The dog-friendly bank said its underlying pretax loss was £271.8m to the year to 31 December compared to a £11.7m loss a year earlier.
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 Metro Bank Frequently Asked Questions

  • When was Metro Bank founded?

    Metro Bank was founded in 2010.

  • Who are Metro Bank key executives?

    Metro Bank's key executives are Daniel Frumkin, Aisling Kane and David Arden.

  • How many employees does Metro Bank have?

    Metro Bank has 3,850 employees.

  • What is Metro Bank revenue?

    Latest Metro Bank annual revenue is £609.2 m.

  • What is Metro Bank revenue per employee?

    Latest Metro Bank revenue per employee is £158.2 k.

  • Who are Metro Bank competitors?

    Competitors of Metro Bank include Barclays, Coventry Building Society and Nationwide Building Society.

  • Where is Metro Bank headquarters?

    Metro Bank headquarters is located at One Southampton Row, Holborn, London.

  • Where are Metro Bank offices?

    Metro Bank has offices in London and Uxbridge.

  • How many offices does Metro Bank have?

    Metro Bank has 2 offices.