Statement Regarding Consumer Loan Book Portfolio

           Metro Bank Holdings PLC (LSE: MTRO LN)

29 January 2025

 

 

Metro Bank Holdings PLC

 

Legal Entity Identifier: 984500CDDEAD6C2EDQ64

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO. 596/2014 ON MARKET ABUSE, AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.

 

FOR IMMEDIATE RELEASE

 

Statement Regarding Consumer Loan Book Portfolio

 

The Board of Metro Bank Holdings PLC (“Metro Bank”) confirms that it is in preliminary discussions regarding the potential sale of its performing consumer loan portfolio.

This potential transaction further supports Metro Bank’s strategic shift towards SME, Commercial and Corporate lending. Metro Bank continues to seek opportunities to optimise its balance sheet, in particular given the strong growth the bank has seen in new Commercial and Corporate lending.

The potential transaction is expected to increase the CET1 ratio and MREL ratio on completion, subject to pricing.

There is no certainty that a transaction will be agreed or the terms of any such transaction.

The person responsible for arranging release of this announcement on behalf of Metro Bank is Clare Gilligan, Company Secretary.

 

Enquiries:

Metro Bank PLC Investor Relations

IR@metrobank.plc.uk

Metro Bank Media Relations

Victoria Gregory

+44 (0) 07773 244608

pressoffice@metrobank.plc.uk

FGS Global

Chris Sibbald

Mobile: +44 7855 955 531

metrobank-lon@fgsglobal.com

Important notices

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or solicitation of any offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction, whether pursuant to this announcement or otherwise.

This announcement is for information purposes only and is not intended to and does not constitute or form part of any offer or invitation to purchase or subscribe for, or any solicitation to purchase or subscribe for any securities in any jurisdiction.