Wallets/metro-bank
Metro Bank
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Key details
- Launch: 2010
Overview
Metro Bank is UK retail bank + LSE: MTRO + founded Jul 29 2010 as first new UK high-street bank in over 150 years by Vernon Hill + Anthony Thomson + ~2.7M+ customers + ~75+ stores + 7-day a week branch banking pioneer [1, gb-cro].
History
Jul 29 2010 — Metro Bank founded by Vernon Hill + Anthony Thomson as first new UK high-street bank in over 150 years distinctive UK retail banking heritage.
Mar 2016 — Metro Bank LSE IPO under ticker MTRO.
2019 — Metro Bank accounting irregularities scandal + share price crash + capital raise.
2023 — Metro Bank £925M recapitalisation + Spaldy Investments majority controlling.
Ownership & operator
Operating entity: Metro Bank plc (UK retail bank; LSE: MTRO).
Major shareholders: Spaldy Investments (Jaime Gilinski Bacal Colombian billionaire) majority controlling post-2023 recapitalisation + UK retail + institutional + foreign investors free float.
Regulators: PRA + FCA + Bank of England.
Technical integration
Metro Bank mobile app (iOS + Android; ~2.7M+ customers) + metrobankonline.co.uk web + Metro Bank branch network across UK ~75+ stores (7-day a week branch banking pioneer) + Metro Bank Mastercard debit + Visa + Mastercard credit cards; Faster Payments + GB IBAN + Bacs + CHAPS.
Implementations & partners
Major UK challenger bank + neobank competitors: [[monzo]] (Monzo UK challenger bank; ~9M+ customers + Jul 2024 unicorn at ~$5.2B valuation) + [[starling]] (Starling Bank UK challenger bank; ~4M+ customers + 2024 unicorn) + [[atom-bank]] (Atom Bank UK mobile-only bank) + [[chase-uk]] (Chase UK JPMorgan Chase UK digital bank; 2M+ customers post-Sep 2021 launch) + [[revolut]] (Revolut UK global; ~50M+ customers globally + UK bank license Jul 2024) + [[wise]] (Wise UK + global multi-currency account) + [[virgin-money]] (Virgin Money UK; Clydesdale + Yorkshire Bank parent; Nationwide acquired Oct 2024 ~£2.9B) + [[tsb-bank]] (TSB Bank UK; Banco Sabadell Spain subsidiary 2015-2025 then Santander UK acquired 2025 ~£2.65B).
Regulators: PRA + FCA + Bank of England.
Status
Active, UK retail bank + LSE:MTRO + founded Jul 29 2010 as first new UK high-street bank in over 150 years + ~2.7M+ customers + ~75+ stores + Spaldy Investments majority controlling post-2023 recapitalisation [1, 2].
Sources
- 1 Metro Bank — official
- 2 Metro Bank — Wikipedia
- gb-cro In-corpus:
reports/countries/GB-united-kingdom.md
Source
Biography extracted from metro-bank.md. See matrix.md for standards-support matrix if present.