Metro Bank pledges £1bn for commercial lending
Metro Bank has announced that it has £1billion of funds ring-fenced for 2017 to lend to both new and existing business and commercial customers.
The bank lend over £544m to its business and commercial customers in 2015.
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 Business Banking, added: “By focussing on traditional relationship banking supported by state-of-the-art technology, we’re able to be a true banking partner for our customers. Our common sense approach to lending has enabled some really great companies to prosper, and we hope that today’s announcement will provide even more customers with the helping hand that they need to grow and succeed in 2017.”
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