Business
Metro Bank Holdings PLC: First Quarter 2025 T...
Metro Bank Holdings PLC: First Quarter 2025 T....
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 Holdings PLC: First Quarter 2025 Trading Update 08-May-2025 / 07:00 GMT/BST\n\n\n \n\nMetro Bank Holdings PLC\n\nTrading Update Q1 2025\n\n8 May 2025\n\n \n\nMetro Bank Holdings PLC (LSE: MTRO LN) (“Metro Bank”)\n\n \n\nLegal Entity Identifier: 984500CDDEAD6C2EDQ64\n\n \n\nFirst Quarter 2025 Trading Update\n\n \n\nHighlights\n\n \n\nQ1 2025 profitable on both an underlying and statutory basis\n \n\nSignificant increase in Q1 2025 underlying profit versus H2 2024 from structurally higher NIM, driven by continued asset rotation and deposit optimisation\n \n\nCorporate/commercial/SME credit approved pipeline as at 31 March 2025 equivalent to >50% of total 2024 lending\n \n\nContinued cost reduction in Q1 2025, in line with expectations, reflecting actions taken in 2024 \n \n\nCapital optimised following the £250 million Additional Tier 1 (AT1) issuance and completion of £584 million unsecured personal loan portfolio sale\n \n\nMetro Bank remains confident in meeting guidance1 given at full year\n \n\nDaniel Frumkin, Chief Executive Officer at Metro Bank, said: \n\n \n\n“During the first quarter of 2025, we have continued to deliver the strategic repositioning of Metro Bank’s business, maintaining strong cost control while driving higher net interest margin by changing the mix of assets and remaining disciplined about deposits.” \n\n \n\n“We have seen further growth in our corporate and commercial lending, with Metro Bank’s relationship banking and breadth of services creating differentiation for us in the market.” \n\n“Looking ahead, we will continue to play an important role in supporting our customers as the UK focuses on delivering economic growth. We remain firmly on track to meet our guidance given at full year”.\n\nKey Financials\n\n \n\n\n \n\n £ in millions\n \n \n 31 March\n\n 2025\n \n \n 31 December\n\n 2024\n \n \n Change from\n\n 31 December 2024\n \n \n 31 March\n\n 2024\n \n \n Change from\n\n 31 March 2024\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Assets\n \n \n 17,074\n \n \n 17,582\n \n \n (3%)\n \n \...