Metro Bank PLC announced a round of funding for gross proceeds of £387.5 million on December 4, 2013. The company will issue 29,807,692 common shares at a price of £13 per share to both existing and new investors. Out of the total, £110 million in funding would come from new investors. The company may issue additional 7,692,308 common shares at the same price for gross proceeds of £100 million in the transaction.

On January 19, 2014, Metro Bank PLC closed the transaction. The company announced that it has received its fourth round of funding. The transaction included participation from existing and new institutional and private investors from worldwide. The company has raised £641 million in equity funding till date. Bank of America Merrill Lynch and RBC Capital Markets acted as placement agent to the company. The share price was fixed at a 30% premium of the price per share of the previous equity transaction raised in June 2012.