Wednesday 8 January 2014

The worst bank in the UK is...

Of all the UK banks that have made a loss in every one of the last three, four or five years, as below, only one has, over the relevant period, made a worse loss in each successive year. That bank is Metro Bank Plc.

Its pre-tax loss figures for year ends, are:


31st December 2010 (66 weeks):  £23,386,000 loss.
31st December 2011: £33,096,000 loss.
31st December 2012: £45,728,000 loss.

The only other bank to get close to Metro Bank Plc is European Islamic Investment Bank Plc, which has made a loss in each of the past 5 years. However, for the year ending 31st December 2010, the loss of £6.6million was actually an improvement compared to the previous two years although the loss has increased in the two subsequent years.



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