Metro Bank looks to expand small business service

THE Metro Bank – the first High Street bank to open in more than 100 years and famous for welcoming dogs into its branches – is expanding its appeal with a new commercial division looking to assist small businesses.

The bank has just appointed a former Barclays banker to the post of managing director of its commercial banking.

“I am delighted to join Metro Bank,” commented Mark Price, the newly appointed managing director of commercial banking at Metro Bank.

“I believe this is the best banking model for business customers. The combination of a focus on customer service, experienced local managers making local lending decisions, and face to face banking available seven days a weeks means commercial customers can finally get the best from their bank.”

Metro Bank says its business and commercial banking proposition – which includes lending to local businesses and cash management facilities – will help small businesses based in local communities get the most from their bank at a time when access to finance for SMEs is still difficult.

Metro Bank is currently limited to just four branches – or stores as the bank calls them. Three in London (Holborn; Earl’s Court; Fulham Broadway) and Borehamwood, Hertfordshire. However, Metro Banks says it plans a rapid expansion across Greater London over the next 10 years.

“Businesses, small and large, are the lifeblood of our economy and deserve a better banking experience,” continued Mr Price.