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The Bank, first Bank of high street which will be launched in more than a century, raised ￡ 51. 7 m 20pc at its original price of share premium. Vernon Hill, co-founder and Vice-President of the Bank who have invested in the second round, Metro has now has a 21pc Bank and a game worth 32 million from ￡. Other investors are managers Fidelity and Wellington and New York developer Fund Richard LeFrak.

"It is fair to say that our launch was more successful as we expected and we raised more capital to accelerate the pace of growth," said Mr. Hill.

He says that initial public offering Bank is on the right track for 2012. It is likely that the Bank will open 18 points of sale by then, six more than initially planned.

Mr. Hill, who launched the Bank of commerce in America, said that customers of retail and small business led demand new accounts. Metro Bank was launched earlier this year by saying that he break the mold of the banking sector, remain open on weekends and faster the ergs offer accounts. "The United Kingdom remains a competitive marketplace much less than that of the United States, where there are still 8,000 banks," he said.

"Innovation in the financial segment comes more came on the market." I think that everyone agrees that client satisfaction rates are very low, customers are very unhappy and that it is an ideal environment for us to compete. ?

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