Business
Metro Bank retains residential mortgage portf...
Metro Bank retains residential mortgage portf....
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 retains residential mortgage portfolio 15-Dec-2023 / 16:56 GMT/BST\n\n\n Metro Bank Holdings plc (LSE: MTRO LN)\n\n15 December 2023\n\n \n\n \n\nMetro Bank Holdings plc \n\n \n\nLegal Entity Identifier: 984500CDDEAD6C2EDQ64\n\n \n\n \n\nMetro Bank retains residential mortgage portfolio \n\n \n\nFollowing the completion of its recent capital package and cost reduction plan announced on 30 November, Metro Bank Holdings PLC has renewed balance sheet strength. The Board has carefully considered a potential sale of up to £3bn of residential mortgages and concluded that, given the prevailing market environment, it is in the best interests of shareholders to retain the existing loan portfolio.\n\n \n\nThe information contained within this announcement is deemed by the Group to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (which forms part of UK law pursuant to the European Union (Withdrawal) Act 2018) and was authorised for release by Clare Gilligan, Company Secretary.\n\n \n\n \n\nENDS\n\n \n\nFor more information, please contact:\n\n \n\nMetro Bank Investor Relations\n\nJo Roberts\n\n+44 (0) 20 3402 8900\n\[email protected]\n\n \n\nMetro Bank Media Relations\n\nTina Coates\n\n+44 (0) 7811 246016\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\n \n\nAbout Metro Bank\n\n \n\nMetro Bank services 2.8 million customer accounts and is celebrated for its exceptional customer experience. It remains one of the highest rated high street banks for overall service quality for personal customers and the best bank for service in-store for personal and business customers, in the Competition and Markets Authority’s Service Quality Survey in August 2023. Metro Bank has also been awarded “2023 Best Lender of the Year – UK” in the M&A Today, Global Awards, “Best Mortgage Provider of the Year” in 2022 MoneyAge Mortgage Awards, “Best Business Credit Card” in 2022 Moneynet Personal Finance Awards, “Best Business Credit Card 2022”, Forbes ...