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 (61)

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Latest Updates

Employees (est.) (Dec 2020)3,850(+10%)
Job Openings61
Revenue (FY, 2020)£609.2 M
Share Price (Apr 2021)£1.2
Cybersecurity ratingAMore

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 (30-Apr-2021)

199.1m

Closing stock price (30-Apr-2021)

1.2

Cash (31-Dec-2020)

3.0b

EV

(1.9b)
Metro Bank's current market capitalization is £199.1 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%
show all
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
show all
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)
show all
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

A

90/100

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Metro Bank Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 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

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.
February 22, 2021

Metro Bank launches into insurance market with new SME proposition

Metro Bank today announces a partnership with Churchill Expert, part of the Direct Line Group, to offer a range of insurance products tailored for SMEs. The bank has chosen Churchill Expert because of their excellent track record on customer service, as well as its offering of a wide range of 4 and …
February 02, 2021

Metro Bank buys Ratesetter's P2P loan book

In line with its strategy of increasing its exposure to unsecured personal lending, Metro Bank PLC ("Metro Bank" or "the Company") today announces the acquisition of a portfolio of loans (the "Portfolio") from peer-to-peer investors who have invested through the Retail Money Market Ltd ("RateSetter"…
September 07, 2020

Metro Bank speeds up SME onboarding

Metro Bank today announces that it has launched a new Business Account Online (BAO) journey for SME customers.
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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.