The bank made twice the lending originated in H1 2024, a new record for the firm, with a £800m credit approved pipeline for the second half of this year according to its interim results for the half year ending on 30th of June.

Between H2 of last year and H1 2025, commercial lending increased 16% to £3.1bn, with a 27% rise from H1 2024, while specialist mortgage lending saw a 78% increase half-on-half to £1.2bn in the first half of this year.

Together with government backed, consumer, and prime mortgage lending, these elements added up to net total loans of £8.7bn in H1 2025, down 3% from H2 2024 and down 24% from the same time last year.

Despite this, Metro’s overall revenue increased 22% year-on-year to £286m.

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The results come after Metro Bank sold £584m personal loan book to bolster specialist lending focus earlier this year.

Daniel Frumkin, CEO at Metro Bank, commented: “Metro Bank’s strong performance in the first half of the year reflects the successful execution of our strategy and decisive actions we have taken.

“We trebled profits, doubled new lending to corporate, commercial and SME customers, meaningfully reduced operating costs and optimised funding…”

“Looking ahead, we have a clear path to growth, delivering mid-to-upper teens RoTE by 2027, with cost of deposits and operating costs both already below levels needed to meet 2027 targets.

“We are confident in reconfirming guidance, as the actions we have already taken continue to build momentum to 2027 and beyond.”