Comment on new Metro Bank branch

by Richard Kilner

Story link: Comment on new Metro Bank branch

John Wriglesworth, Moneyexpert and Immediate Financial, has commented on the launch of Metro Bank’s first branch, which opens today in Central London (Holborn).

Wriglesworth has described the launch of the new bank as excellent news for the retail financial services sector.

He went on to welcome the increased range of choice and the extra competitiveness the new bank would help bring to the sector.

Wriglesworth also concluded that the financial sector would welcome an injection of new blood after the turbulent and difficult years it has recently endured.

Metro Bank is expected, by GfK Financial, to aim for a customer base of some 7 million, with 80% of these residing in London.

In August the bank is expected to open its second branch in Earl’s Court, with more to come in the next few years.