Business
Reclassification Under MREL Regime
Metro Bank Holdings PLC has been formally reclassified as a transfer firm under the MREL regime by the Bank of England, effective January 1, 2026. This reclassification sets Metro Bank's MREL at 13.7% including buffers and 9.2% excluding buffers, which the company anticipates will provide greater capital flexibility, enhance its ability to lend, and create further shareholder value. A further update is expected with the full-year results on March 4, 2026. 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\nReclassification Under MREL Regime 19-Dec-2025 / 06:42 GMT/BST\n\n\nMetro Bank Holdings PLC (LSE: MTRO LN)\n\n19 December 2025\n\n \n\nMetro Bank Holdings PLC (LSE: MTRO LN) (“Metro Bank”)\n\nLegal Entity Identifier: 984500CDDEAD6C2EDQ64\n\n \n\nReclassification Under MREL Regime\n\n \n\nMetro Bank has received formal confirmation from the Bank of England that it will be reclassified as a transfer firm under the MREL regime, effective 1 January 2026. \n\nAs a transfer firm, Metro Bank’s MREL will be set equal to current minimum capital requirements of 13.7% including buffers and 9.2% excluding buffers. \n\n \n\nDaniel Frumkin, Chief Executive Officer at Metro Bank, said:\n\n“We are pleased to have received confirmation of our MREL reclassification, as we anticipated following the Bank of England’s announcement in July. This is a positive development which affords us more capital flexibility, enhancing our ability to lend into the UK economy and creating further value for our shareholders”. \n\n \n\nMetro Bank will provide a further update at its full year results on 4 March 2026.\n\n \n\nEnquiries\n\n \n\nFor more information, please contact:\n\nMetro Bank PLC Investor Relations\n\nDaniel Ainscough \n\n+44 (0) 20 3402 8900 \n\[email protected]\n\n \n\nMetro Bank PLC Media Relations\n\nVictoria Gregory\n\n+44 (0) 7773 244608\n\[email protected] \n\n \n\nFGS Global\n\nMike Turner\n\n+44 (0) 7766 360900\n\[email protected] \n\n \n\nENDS\n\n \n\nAbout Metro Bank\n\nMetro Bank provides corporate, commercial and SME banking and specialist mortgage lending, alongside retail and private banking services. Metro Bank offers relationship banking through a network of 78 stores in the UK, telephone banking from UK-based contact centres and digital banking via mobile app and online.\n\nMetro Bank Holdings PLC (registered in England and Wales with company number 14387040, registered office: One Southampton Row, London, WC1B 5HA) is the listed entity and holding company of the Metro Bank group.\n\nMetro Bank PLC (registered in England and Wales with company number 6419578, registered office: One Southampton Row, London, WC1B 5HA) is authorised by the Prudential Regu...