Business
Metro Bank Holdings PLC: First Quarter 2026 T...
Metro Bank Holdings PLC reported a strong first quarter of 2026, with continued growth in underlying and statutory profit, reaffirming all previously issued guidance. The bank saw a 5% increase in its target lending segments, including Corporate, Commercial, SME lending, and Specialist Mortgages, as its asset rotation strategy progresses. Credit quality remains robust with a highly collateralised portfolio and low arrears rates, while Metro Bank maintains the lowest Cost of Deposits among UK High Street banks. Total assets stood at £16,555 million, with gross loans and advances to customers reaching £9,141 million, a 6% increase year-on-year, and net loans at £8,998 million. Customer deposits were £13,280 million, and the net loan to deposit ratio was 68%. Disclaimer*
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 2026 Trading Update 30-Apr-2026 / 07:00 GMT/BST\n\n\nMetro Bank Holdings PLC\n\nTrading Update Q1 2026\n\n30 April 2026\n\n \n\nMetro Bank Holdings PLC (LSE: MTRO LN) (“Metro Bank”)\n\nLegal Entity Identifier: 984500CDDEAD6C2EDQ64\n\n \n\nFirst Quarter 2026 Trading Update\n\n \n\n \n\nStrong delivery in line with strategy\n\n \n\nContinued growth in underlying and statutory profit, reaffirming all guidance \n 5% growth in target lending segments of Corporate, Commercial, and SME lending and Specialist Mortgages, as asset rotation strategy continues at pace\n Strong credit quality maintained with the portfolio highly collateralised and prudently provisioned. Arrears rates remain low reflecting a benign credit environment\n Metro Bank continues to operate with the lowest Cost of Deposits of any UK High Street bank\n \n\n \n\nDaniel Frumkin, Chief Executive Officer at Metro Bank, said: \n\n \n\n“We have started the year well, building on the positive momentum that we carried into 2026 by delivering continued profit growth and increased lending in our key target areas against a dynamic market backdrop. As we successfully rotate our lending and reshape the balance sheet, we have an established and high-quality pipeline, and the lowest cost of deposits of any UK High Street bank. We are confident in reaffirming all guidance previously provided.\n\n \n\n“Our commitment to relationship banking, our store network and the communities we operate in are positive differentiators, enabling us to win market share and increase lending. We look ahead with confidence and remain focused on delivering for our colleagues, customers, shareholders and supporting UK growth.”\n\n \n\n \n\nKey Financials\n\n \n\n\n \n\n £ in millions\n \n \n Q1\n\n 2026\n \n \n FY\n\n 2025\n \n \n Change \n\n from\n\n FY 2025\n \n \n Q1\n\n 2025\n \n \n Change \n\n from\n\n Q1 2025\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Total assets\n \n \n £16,555\n \n \n £16,475\n \n \n 0%\n \n \n £17,074\n \n \n (3%)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Gross loans and advances to c...