Business
Metro Bank Completes Sale of £584 million Uns...
Metro Bank Completes Sale of £584 million Uns....
About this update from Metro Bank Holdings Plc
[{"type":"text","content":"\n \n \n \n\n\t\n\n\n\n\n\n\n\n\n\n\n\nMetro Bank Holdings PLC (MTRO)\n\n\n\n\n\n\nMetro Bank Completes Sale of £584 million Unsecured Personal Loan Book 31-March-2025 / 14:43 GMT/BST\n\n\n Metro Bank Holdings PLC (LSE: MTRO LN)\n\n31 March 2025\n\n \n\n \n\nMetro Bank Holdings PLC (the \"Company\")\n\n \n\nLegal Entity Identifier: 984500CDDEAD6C2EDQ64\n\n \n\n \n\nMetro Bank Completes Sale of £584 million1 Unsecured Personal Loan Book \n\n \n\nFurther to Metro Bank’s announcement on 26 February 2025 regarding the sale of a portfolio of approximately £584 million performing unsecured personal loans (the “Portfolio”)2, Metro Bank confirms that the sale completed on 31 March 2025. \n\nThe sale of the Portfolio is in line with Metro Bank’s strategy to reposition its balance sheet and enhance risk-adjusted returns on capital. The transaction is capital accretive and creates additional lending capacity to enable Metro Bank to continue its asset rotation towards higher yielding commercial, corporate, SME lending and specialist mortgages.\n\nCut-off as at 31-December-24\n Metro Bank will retain the legal title to these loans, as well as responsibility for servicing them and liability for historic and ongoing conduct issues unless caused by any servicer which replaces Metro Bank\nEnquiries:\n\nMetro Bank PLC Investor Relations\n\nStella Gavaletakis\n\n+44 (0) 7464 224720\n\[email protected]\n\nMetro Bank Media Relations\n\nVictoria Gregory\n\n+44 (0) 7773 244608\n\[email protected]\n\nFGS Global\n\nChris Sibbald\n\n+44 (0) 7855 955531\n\[email protected]\n\n \n\nENDS\n\n \n\nAbout Metro Bank\n\nMetro Bank is celebrated for its exceptional customer experience. It holds the number two spot for personal and business service instore in the Competition and Markets Authority’s Service Quality Survey in February 2025. \n\nSince 2012, Metro Bank has originated and approved just over £10...