Metro Bank is inching closer to the one million customers mark as profits and deposits continue to rise at the challenger bank.

The lender - which launched in 2010 - signed up 72,000 people in the first quarter to take its total to 987,000.

Chief executive Craig Donaldson has said reaching the one million mark would make it a "proper player" in the banking sector.

The bank added that it saw a 13% increase in deposit growth to £9 billion quarter on quarter, while underlying pre-tax profits rose from £1.5 million to £2 million.

Metro Bank said it is confident about delivering a full year of profitability in 2017, and achieving its 2020 guidance.

Mr Donaldson wants to expand Metro Bank's branch network to 100 by 2020, creating 2,500 extra jobs and doubling the staff roster in the process.

Chairman and founder Vernon Hill said of the results: "What a superb start to the year for Metro Bank.

"Our combination of great online and mobile banking and an exceptional in-store experience is making a positive difference to our customers.

"Metro Bank remains a revolution in British banking, championing the right of every customer to receive service and convenience tailored to their needs."

Sector-wide figures published by payment body BACS, which oversees the current account switch service, this week showed more current account customers have been ditching and switching their bank following a wave of providers cutting rates or reducing perks on their accounts.

Some 248,302 switches took place between January and March 2017 according to payments body Bacs,

This was higher than the 208,387 switches that took place between October and December 2016.

In total, more than 3.7 million current accounts have been switched since the seven-day service to make it easier for customers to ditch and switch was launched in September 2013.