Britain’s Metro Bank said on Wednesday its lending had more than trebled at the end of the second quarter compared with a year earlier, and more than half of its lending was to businesses. Founded by U.S. entrepreneur Vernon Hill, the bank has been championed as an alternative to Britain’s ‘big four’ lenders - Lloyds Banking Group, Royal Bank of Scotland, Barclays and HSBC. Metro Bank, which launched in 2010 as Britain’s first new high street lender for more than a century, said its lending amounted to 1.16 billion pounds at the end of June, up 216 percent year on year. Metro Bank has 27 branches in London and the southeast of England, with 5 more due to open this year.
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