UK lender Metro Bank has reported 75% rise in customer numbers to 238,000 in the third quarter (Q3) ended on 30 September 2013, since the beginning of this year.

Total deposits for the bank increased 24% or £205m to £1.075bn, as against the deposits generated during the corresponding period in 2012.

Loan volumes increased 54% or £199m in the three-month period to £565m, compared to Q3 2012 figures and increased 370% on year-on-year basis.

Metro Bank CEO Craig Donaldson said deposits and lending have grown substantially, and customers continue to join them in their thousands.

"We’re providing business and personal customers with a real alternative on the high street; bringing them traditional banking focused on impeccable customer service, convenience and relationships, supported by state of the art technology.

"We’re continuing to invest to give our customers what we know they want, and store expansion remains central to this," Donaldson added.

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