Metro Bank has reported that its lending increased by 48% in 2018 compared with 2017.
The challenger bank revealed that customer loans totalled £14.2bn as of 31st December 2018, up from the £9.6bn figure the year before.
Its deposits reached £15.7bn, a rise of 34% on 2017, while underlying pre-tax profits grew 138% to reach £50m.
Craig Donaldson, CEO at Metro Bank (pictured above), said: “2018 was another strong year of growth for Metro Bank as we continued to invest in both new stores and digital capabilities to win customers, deposits, assets and to create fans.
“Metro Bank remains well positioned to support our growth strategy as we navigate an uncertain period for the UK.”
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