Metro Bank, the entrepreneur’s bank, has today signalled that it is open for business with £1billion of funds ring-fenced for 2017 to lend to both new and existing business and commercial customers.
The bank has a clear track record in supporting businesses, lending over £544m to its business and commercial customers in 2015, as well as £551m in the first three quarters of 2016 alone.
Mark Stokes, Managing Director Commercial Banking at Metro Bank said: “Businesses are the very bedrock of the UK economy and it’s absolutely vital that lenders do what they can to support their growth. Despite the immediate uncertainty following the EU referendum, our customers remain confident about the future and we remain committed to supporting them as they go from strength to strength.”
Ian Walters, Managing Director of Business Banking also commented: “We’re delighted to have begun the year by pledging £1billion of ring-fenced funds for both new and existing business and commercial customers. Our common sense approach to lending, coupled with our state-of-the-art technology and growing store footprint means we’re able to support companies every step of the way, as they expand and develop. In Sussex in particular, we opened a new store in Eastbourne towards the end of last year, our second store in the county, and are supporting some inspirational locally-based companies. We hope our pledge will provide even more customers with the helping hand that they need to grow and succeed in 2017.”