Metro Bank key figures 2018-2023

Founded in 2010, Metro Bank is a full-service bank providing both retail and commercial banking services. In 2023, the bank demonstrated significant financial improvements. Its Common Equity Tier 1 (CET1) ratio rose from 10.3 percent in 2022 to 13.1 percent in 2023, indicating enhanced capital strength. Additionally, the bank's cost-to-income ratio decreased, reflecting increasing operational efficiency. Between 2018 and 2023, Metro Bank also experienced growth in total income and other key financial metrics.

Challenger banks

The term 'challenger bank' describes financial institutions that emerged after the Global Financial Crisis and have significantly disrupted traditional banking markets. According to KPMG, challenger banks in the United Kingdom have developed across four distinct categories. Full-service retail banks include Virgin Money, Metro Bank, TSB Bank, and the Co-op. Specialist lenders comprise OneSavings Bank and Aldermore, while retailer banks are represented by Tesco and Sainsbury's. Digital banks represent the most innovative segment of challenger banks. These mobile app-based financial services operate without physical branches, offering unprecedented simplicity and convenience. Their unique approach has captured significant market attention, with leading European digital banks now boasting over 10 million customers.