Metro Bank granted banking licence

Metro Bank is to become the first new full service high street bank for more than 100 years after being granted a banking licence by the Financial Services Authority.

The first two Metro Bank “stores” will open later this year in Holborn and South Kensington in London. The next two will be in Fulham Broadway, London and Borehamwood, Hertfordshire. 

The bank says it intends to build a network of more than 200 stores in Greater London over the next ten years.

Metro Bank is currently using the strapline “love your bank” and will distinguish itself from its high-street rivals by opening longer and on weekends, as well as on the quality of its customer service.

It was set up by Financial Services Forum chief executive Anthony Thomson, who has been named chairman, and Commerce Bank founder Vernon Hill, who will be vice-chair. Both Thomson and Hill will be non-executive directors.

Craig Donaldson, former managing director of retail banking at Royal Bank of Scotland will be the bank’s chief executive officer, while Paul Marriott-Clarke, will be the managing director of retail banking.

Latest from Marketing Week


Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now


Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.


From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.


Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email

If you are looking for our Jobs site, please click here