Metro Bank has reported a deposit growth of £152m to £576m, which equates to 279% from 2011 to 2012.

The bank, which is approaching its third birthday, has also reported a rise in customer accounts of 183% from 2011 to 2012 and a further 25% rise in Q1 of 2013.

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Lending saw a 300% rise in 2012 on the previous year.

Metro Bank’s lending to deposit ratio sits at 29%.

Metro Bank has also reported a planned and expected loss of £34.6m in the year ending 31 December 2012. The bank says this reflects its rapid store and infrastructure growth.

The bank, which opened its doors in July 2010, now has 17 stores across London and the South East, opening an 18th on 3 May.

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Craig Donaldson, chief executive, Metro Bank, said: "The last 12 months have been an exciting period in Metro Bank’s growth and development. We’ve significantly expanded our reach throughout London and the surrounding areas, and as a result of a very successful round of fundraising, have been able to invest heavily in our network, technology and people."

"Q1 2013 has also been record breaking for us." Donaldson continued, commenting on 2013’s first quarter, "It’s been a record quarter for lending, deposit growth has been strong, and customer numbers are increasing at a level that exceeds our expectations. We owe our success to our customers and fans that have joined the banking revolution, and we’ll continue to put them first by combining simple, transparent and competitive products with the very best in service and convenience."

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