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
Metro Bank Holdings PLC (MTRO) Reclassification Under MREL Regime 19-Dec-2025 / 06:42 GMT/BST Metro Bank Holdings PLC (LSE: MTRO LN) 19 December 2025 Metro Bank Holdings PLC (LSE: MTRO LN) (“Metro Bank”) Legal Entity Identifier: 984500CDDEAD6C2EDQ64 Reclassification Under MREL Regime Metro 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. As 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. Daniel Frumkin, Chief Executive Officer at Metro Bank, said: “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”. Metro Bank will provide a further update at its full year results on 4 March 2026. Enquiries For more information, please contact: Metro Bank PLC Investor Relations Daniel Ainscough +44 (0) 20 3402 8900 [email protected] Metro Bank PLC Media Relations Victoria Gregory +44 (0) 7773 244608 [email protected] FGS Global Mike Turner +44 (0) 7766 360900 [email protected] ENDS About Metro Bank Metro 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. Metro 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. Metro Bank PLC (registered in England and Wales with company number 6419578, registered office: One Southampton Row, London, WC1B 5HA) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. ‘Metrobank’ is a registered trademark of Metro Bank PLC. Eligible deposits are protected by the Financial Services Compensation Scheme. For further information about the Scheme, refer to www.fscs.org.uk . Metro Bank is an independent UK bank – it is not affiliated with any other bank or organisation. Please refer to Metro Bank using the full name. Dissemination of a Regulatory Announcement, transmitted by EQS Group . The issuer is solely responsible for the content of this announcement. View original content: EQS News ISIN: GB00BMX3W479 Category Code: MSCL TIDM: MTRO LEI Code: 984500CDDEAD6C2EDQ64 Sequence No.: 412074 EQS News ID: 2248834 End of Announcement EQS News Service
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