Metro Bank (GB:MTRO) has released an update.
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Metro Bank Holdings PLC reports a half-year loss of £26.8 million, an improvement from the previous period, driven by a strategic shift towards higher yielding lending and cost savings. The bank announced the sale of a £2.5 billion mortgage portfolio, expected to improve profitability and net interest margins. Expansion plans include new stores in Chester and Gateshead, as part of a broader strategy to enhance commercial and SME banking services.
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