Metro branches have some unique features, like water bowls for dogs. Photo: Simon Dawson/Bloomberg Finance LP
The expansion puts it at odds with rival lenders, which have sharply reduced the number of their branches in recent years due to a sharp decline in foot traffic.
There have been closures in the UK over the past nine years about three out of five bank branches. according to consumer group Which?
This week's renewed commitment to physical branches comes after Metro secured a £325m capital raise and £600m debt refinancing late on Sunday after a frantic weekend talks to secure its future.< /p>
The deal comes after it emerged the Bank of England is seeking potential buyers for Metro amid concerns about the strength of its balance sheet.
An emergency funding package will hand over control of Metro Metro to Colombian billionaire Jaime Gilinsky Bacal. The deal was worked out on a private island off Miami known as the Billionaire's Bunker, where the 65-year-old investor was holed up, Bloomberg reported.
Mr Gilinsky told the Financial Times that while Metro's branch network was «high value «, he believed it was «a model that works» and helps build customer loyalty.
Mr Thomson, who launched a «digital-only» lending bank after leaving Metro, said: «It's terrible to see what happened to such a great bank.”
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