Business
Metro Bank completes sale of mortgage portfolio
Metro Bank completes sale of mortgage portfolio.
About this update from Metro Bank Holdings Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7713N\n Metro Bank PLC\n 02 February 2021\n \n \n \n 2 February 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 Metro Bank completes sale of £3bn residential mortgage portfolio to NatWest Group plc (\"NatWest\")\n \n \n Further to Metro Bank's announcement on 18 December 2020 regarding the sale of a portfolio of owner occupied residential mortgages (the \"Portfolio\") to NatWest, Metro Bank confirms that the sale completed on 2 February 2021 as expected.\n \n The Portfolio had a gross book value of £3,044m resulting in a total cash consideration of £3,127 million.\n \n \n \n \n \n \n \n \n \n ENDS\n \n \n \n \n \n Enquires\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\n ‐\n 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 \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, in store service, and online and mobile banking services for personal customers in the Competition and Market Authority's Service Quality Survey in August 2020; the bank also ranked in the top two for overall service, store service and digital services for business customers. It was recognised as 'Bank of the Year' at the 2020 MoneyAge Awards.\n \n \n \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-base...