Metro Bank rises on sale of unsecured loan book portfolio
26/02/2025 09:34
** Metro Bank Holdings MTRO.L gains as much as 3.9% to 97p ** Metro Bank's holding company confirms sale of 584 mln- pound ($739.3 mln) unsecured personal loan book ** Transaction will result in gains of ~11 mln pounds ** Co says guidance unaffected, given the sale's very limited impact on earnings, net interest margin ** Adds sale in line with strategy to reposition balance sheet, enhance risk-adjusted returns on capital ** Peel Hunt says co can free up capital to scale up commercial and corporate lending balances, by downsizing exposure to legacy unsecured personal loans more rapidly than expected ** MTRO falls 1.6% so far this year, as of last close ($1 = 0.7899 pounds) ( Reporting by Simone Lobo in Bengaluru) ((Simone.Lobo@thomsonreuters.com; +919920570373;))