Business
Metro Bank Holdings PLC: Third Quarter 2023 T...
Metro Bank Holdings PLC: Third Quarter 2023 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: Third Quarter 2023 Trading Update 07-Nov-2023 / 07:00 GMT/BST\n\n\n \n\nMetro Bank Holdings PLC\n\nTrading Update Q3 2023\n\n7 November 2023\n\n \n\nMetro Bank Holdings PLC (LSE: MTRO LN) (“Metro Bank”)\n\n \n\nThird Quarter 2023 Trading Update\n\n \n\nSecured £325m capital raise, comprising £150m of new equity and £175m of new MREL issuance, alongside £600m of debt refinancing as previously announced.\n\n\n \n\n £ in millions\n \n \n 30\n\n September\n\n 2023\n \n \n 30\n\n June\n\n 2023\n \n \n Change\n from\n\n H1 2023\n \n \n 30\n\n September\n\n 2022\n \n \n Change\n from\n\n Q3 2022\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 £21,606\n \n \n £21,747\n \n \n (1%)\n \n \n £22,553\n \n \n (4%)\n \n \n Loans\n \n \n £12,513\n \n \n £12,572\n \n \n nm\n \n \n £12,830\n \n \n (2%)\n \n \n Deposits\n \n \n £15,612\n \n \n £15,529\n \n \n 1%\n \n \n £16,371\n \n \n (5%)\n \n \n Loan to deposit ratio\n \n \n 80%\n \n \n 81%\n \n \n (1 ppts)\n \n \n 78%\n \n \n 2 ppts\n \n \n\nAs announced on 8 October, post quarter end Metro Bank noted an increase in deposit outflow rates in advance of the announcement of the capital package. Since the announcement, daily flows have returned to more normal ranges.\n\n \n\nThe third quarter delivered continued momentum in Personal and Business Current Account growth and customer acquisition as well as a modest statutory profit after tax. Lending reflects continued controlled asset origination and as such capital resources were broadly flat relative to 30 June levels.\n\n \n\n \n\nEnquiries\n\n \n\nFor more information, please contact:\n\n \n\nMetro Bank PLC Investor Relations\n\nJo Roberts\n\n+44 (0) 20 3402 8900\n\[email protected]\n\n \n\nMetro Bank PLC Media Relations\n\nTina Coates / Mona Patel\n\n+44 (0) 7811 246016 / +44 (0) 7815 506845\n\[email protected] \n\n \n\nTeneo\n\nCharles Armitstead / Haya Herbert Burns \n\n+44 (0) 7703 330269 / +44 (0) 7342 031051\n\[email protected]\n\n \n\n \n\nENDS\n\n \n\n \n\nAbout Metro Bank\...