REG-Metro Bank Holdings PLC Metro Bank Completes Sale of £584 million Unsecured Personal Loan Book

Metro Bank HoldingsAnnouncement

31/03/2025 14:45

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   Metro Bank Holdings PLC (MTRO)
   Metro Bank Completes Sale of £584 million Unsecured Personal Loan Book

   31-March-2025 / 14:43 GMT/BST

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                                                                   Metro Bank
                                                  Holdings PLC (LSE: MTRO LN)

                                                                31 March 2025

    

    

   Metro Bank Holdings PLC (the "Company")

    

   Legal Entity Identifier: 984500CDDEAD6C2EDQ64

    

    

    Metro Bank Completes Sale of £584 million1 Unsecured Personal Loan Book

    

   Further to Metro  Bank’s announcement  on 26 February  2025 regarding  the
   sale of  a portfolio  of approximately  £584 million performing  unsecured
   personal loans  (the  “Portfolio”)2, Metro  Bank  confirms that  the  sale
   completed on 31 March 2025.

   The sale  of  the Portfolio  is  in line  with  Metro Bank’s  strategy  to
   reposition its balance sheet and enhance risk-adjusted returns on capital.
   The transaction  is  capital  accretive  and  creates  additional  lending
   capacity to  enable Metro  Bank  to continue  its asset  rotation  towards
   higher  yielding  commercial,  corporate,   SME  lending  and   specialist
   mortgages.

    1. Cut-off as at 31-December-24
    2. Metro Bank will  retain the  legal title to  these loans,  as well  as
       responsibility for  servicing  them and  liability  for  historic  and
       ongoing conduct issues  unless caused by  any servicer which  replaces
       Metro Bank

   Enquiries:

   Metro Bank PLC Investor Relations

   Stella Gavaletakis

   +44 (0) 7464 224720

   IR@metrobank.plc.uk

   Metro Bank Media Relations

   Victoria Gregory

   +44 (0) 7773 244608

    1 pressoffice@metrobank.plc.uk

   FGS Global

   Chris Sibbald

   +44 (0) 7855 955531

    2 metrobank-lon@fgsglobal.com

    

   ENDS

    

   About Metro Bank

   Metro Bank is celebrated for its exceptional customer experience. It holds
   the number two spot for personal and business service instore in the
   Competition and Markets Authority’s Service Quality Survey in February
   2025.

   Since 2012, Metro Bank has originated and approved just over £10bn in
   commercial lending.

   The community bank offers retail, business, commercial and private banking
   services, and prides itself on giving customers the choice to bank
   however, whenever and wherever they choose, and supporting the customers
   and communities it serves. Whether that’s through its network of 76
   stores; on the phone through its UK-based contact centres; or online
   through its internet banking or award-winning mobile app, the bank offers
   customers real choice.

   Metro Bank is a multi-award-winning organisation.  The Bank has also been
   awarded “Large Loans Mortgage Lender of the Year”, 2024 and 2023 Mortgage
   Awards, accredited as a top ten Most Loved Workplace 2023, “2023 Best
   Lender of the Year – UK” in the M&A Today, Global Awards, the “Inclusive
   Culture Initiative Award” in the 2023 Inclusive Awards, “Diversity, Equity
   & Inclusion Award” and “Leader of the Year Award 2023” at the Top 1%
   Workplace Awards, “Best Women Mortgage Leaders in the UK” from Elite Women
   2023, “Diversity Lead of the Year”, 2023 Women in Finance, Best Large Loan
   Lender, 2023 Mortgage Strategy Awards,, “Best Business Credit Card”,
   Forbes Advisor Best of 2023 Awards, “Best Business Credit Card”, 2023
   Moneynet Personal Finance Awards.

   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 Metro Bank PLC.

   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 the FSCS website
    3 www.fscs.org.uk. All Metro Bank products are subject to status and
   approval.

   Metro Bank is an independent UK bank – it is not affiliated with any other
   bank or organisation (including the METRO newspaper or its publishers)
   anywhere in the world. Please refer to Metro Bank using the full name.

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00BMX3W479
   Category Code:  MSCM
   TIDM:           MTRO
   LEI Code:       984500CDDEAD6C2EDQ64
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   380716
   EQS News ID:    2109310


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:pressoffice@metrobank.plc.uk
   2. mailto:metrobank-lon@fgsglobal.com
   3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=ac50e6f85dfb73f4fd992d1146c5a526&application_id=2109310&site_id=reuters~~~787b94c3-8286-43cc-98b3-26b1dc52d810&application_name=news


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