Metro Bank, the London-focused high street bank which opened in 2010, is set to spread its wings across the South-east after raising £126m to expand.
The bank, which has amassed 80,000 current and business accounts since its launch two years ago, is raising the cash from existing institutional and personal investors. It will use the money to open branches in Brighton, Reading, Hemel Hempstead, Romford, Staines and Epsom. These will add to the 12 outlets Metro Bank already has in the Greater London area.
It plans to have 200 outlets in Greater London by 2020.