Business
Completion of RateSetter back book acquisition
Completion of RateSetter back book acquisition.
About this update from Metro Bank Holdings Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5595U\n Metro Bank PLC\n 06 April 2021\n \n \n \n 6 April 2021\n \n \n \n \n Metro Bank PLC (\"Metro Bank\")\n \n \n Legal Entity Identifier: 213800X5WU57YL9GPK89\n \n \n \n \n \n \n \n \n \n \n \n Metro Bank completes\n acquisition of RateSetter back book\n \n \n \n Further to Metro Bank's announcement on 2 February 2021 regarding the acquisition of a portfolio of unsecured personal loans (the \"Portfolio\") from peer-to-peer investors who invested through the Retail Money Market Ltd (\"RateSetter\") platform, Metro Bank confirms that the transaction completed on 2 April 2021 as expected. The Portfolio had an aggregate book value of £337m at completion.\n \n \n \n ENDS\n \n \n \n \n \n Enquiries\n \n \n \n \n \n For further information please contact: \n \n \n \n \n \n Investor Relations\n \n \n Jo Roberts\n \n \n +44 (0) 20 3402 8900\n \n \n \n [email protected]\n \n \n \n \n \n \n Media Relations\n \n \n Tina Coates / Abigail Whittaker\n \n \n +44 (0) 7811 246016 / +44 (0) 7989 876136\n \n \n \n [email protected]\n \n \n \n \n \n \n Teneo\n \n \n Charles Armitstead / Haya Herbert‐Burns\n \n \n +44 (0) 7703 330269 / +44 (0) 7342 031051\n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n About Metro Bank\n \n \n Metro Bank serves more than two million customer accounts and is celebrated for its exceptional customer experience. It is the highest rated high street bank for overall service quality for personal and business customers and the number one bank for service in stores in the Competition and Market Authority's Service Quality Survey in February 2021. It was recognised as 'Bank of the Year' at the 2020 MoneyAge Awards and 'Banking Brand of The Year' at the Moneynet Personal Finance Awards 2021.\n \n \n The community bank offers retail, business, commercial and private banking services, and prides itself on giving customers the choice to bank however, whenever and wherever they choose, and supporting the customers and communities it serves. Whether that's through its network of 77 stores open seven days a week, early until late, 362 days a year; on the phone through its UK-based 24/7 contact centres; or online through its internet banking or award-winning mobile app: the bank off...