Metro Bank ( (GB:MTRO) ) has issued an update.
Metro Bank Holdings PLC has announced the sale of a £584 million unsecured personal loan portfolio, aligning with its strategy to reposition its balance sheet and enhance risk-adjusted returns. This transaction is expected to improve the bank’s CET1 and MREL ratios, allowing it to optimize its balance sheet and focus on higher-yielding lending opportunities. The sale is capital accretive, generating an estimated £11 million gain, and positions Metro Bank for future growth as a specialist lender.
More about Metro Bank
Metro Bank is an independent UK bank known for its exceptional customer experience, offering retail, business, commercial, and private banking services. It operates through a network of 76 stores, UK-based contact centres, and online platforms. The bank is celebrated for its service quality and has received numerous awards, including ‘Large Loans Mortgage Lender of the Year’ and ‘Best Business Credit Card’. Metro Bank is a listed entity, authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority.
YTD Price Performance: 2.34%
Average Trading Volume: 1,290,464
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £648.8M
Learn more about MTRO stock on TipRanks’ Stock Analysis page.