Metro Bank’s Overall Effort Score is +1 point higher than last quarter, but it is still +10 points behind Natwest in the UK Financial Services rankings.
Two out of the four pillars have gone up in score. The biggest increase is from the Style of Communication pillar, which now sits at 57, up from 54 last quarter. The reason for this jump is due to the politeness of Metro Bank’s customer service team, of which 44% rated it as ‘excellent’.
There is an area of focus in this pillar, though. There was a -3ppt drop in Metro customers who said they were ‘excellent’ for being able to communicate in their chosen language, besides English. Last quarter, 46% rated it as excellent.
Both Speed of Resolving Problems and Valuing the Customer kept the same scores as last quarter, at 46 and 48 respectively.
It will be interesting to see Metro Bank's scores in the longer term, however. It has agreed a new long-term partnership with IT outsourcing firm, Infosys, to enhance automation, digital capability and artificial intelligence. Will this have a positive or negative impact on its scores in 2025?