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Metro Bank Sells £584 Million Loan Portfolio to Boost Specialist Lending
Metro Bank sold a £584 million personal loan portfolio to an unnamed buyer for an £11 million immediate gain, boosting its common equity tier 1 ratio by 81 basis points, and accelerating its strategic shift towards specialist lending to improve profitability after years of losses and a recent rescue...
Metro Bank Sells £584 Million Loan Portfolio to Boost Specialist Lending
Metro Bank sold a £584 million personal loan portfolio to an unnamed buyer for an £11 million immediate gain, boosting its common equity tier 1 ratio by 81 basis points, and accelerating its strategic shift towards specialist lending to improve profitability after years of losses and a recent rescue...
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