Metro Bank raises questions over whether it will go ahead with float

The lender, which was set up in 2010 as a so-called challenger bank, is now considering holding another private fund raising instead.

"We’re looking at raising capital next year. We’ve raised capital four or five times already and we’re not sure exactly what form it will take, but it should happen next year," the bank's founder Vernon Hill told the Telegraph.

"I need to go around and talk to people that own the stock now, and see whether they’re more interested in another round of private or to do a float … we just have to test the waters."

Its most recent round raised funds of £387.5m.