REG-Metro Bank Holdings PLC Metro Bank Holdings PLC: Third Quarter 2025 Trading Update

Metro Bank HoldingsAnnouncement

Today 07:02

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   Metro Bank Holdings PLC (MTRO)
   Metro Bank Holdings PLC: Third Quarter 2025 Trading Update

   05-Nov-2025 / 07:00 GMT/BST

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                                                      Metro Bank Holdings PLC

                                                       Trading Update Q3 2025

                                                              5 November 2025

    

             Metro Bank Holdings PLC (LSE: MTRO LN) (“Metro Bank”)

                 Legal Entity Identifier: 984500CDDEAD6C2EDQ64

                                        

                       Third Quarter 2025 Trading Update

    

    

   Strategic actions continue to deliver strong financial performance

    

     • Continued  growth   in   underlying   and   statutory   profitability,
       reaffirming all guidance for FY 2025 and beyond
     • 12% growth in target lending segments versus H1 2025 as asset rotation
       strategy continues at pace
     • Credit quality remains strong with the portfolio highly collateralised
       and prudently provisioned
     • Exit Net Interest Margin  at September 2025  of 3.03%, already  within
       Full Year guidance range of 3.00%-3.25%
     • Exit Cost  of Deposits  of 95bps  remains the  lowest of  any UK  High
       Street bank

    

   Daniel Frumkin, Chief Executive Officer at Metro Bank, said:

    

   “Our positive momentum has continued in the third quarter, as we delivered
   strong financial performance and increased lending in our key target areas
   of Corporate, Commercial and SME and Specialist Mortgages. As well as  our
   successful asset rotation into these sectors,  we have the lowest Cost  of
   Deposits of any UK High Street bank,  and our exit Net Interest Margin  is
   already within full year guidance range.

    

   “Metro Bank has delivered consistently  on its strategy and moves  forward
   from a  position  of  strength,  supported by  a  strong  credit  approved
   pipeline and  disciplined cost  management which  gives us  confidence  in
   meeting guidance. Furthermore, we expect to be classified a transfer  firm
   under the Bank of England’s new  policy, removing the need for MREL  going
   forward. We remain  focused on delivering  for our colleagues,  customers,
   shareholders and supporting UK growth, leveraging our relationship-focused
   banking model and diverse market offering.”

    

    

    

   Key Financials

    

                                                      Change          Change
                                        Q3      H1              Q3
                                                       from            from
   £ in millions                       2025    2025            2024
                                                      H1 2025         Q3 2024
                                                                       
   Total assets                       £16,247 £16,428  (1%)   £20,804  (22%)
                                                                          
   Gross loans and advances to        £8,988  £8,882    1%    £9,250   (3%)
   customers
   Less: allowance for impairment     (£171)  (£167)    2%    (£191)   (10%)
   Net loans and advances to          £8,817  £8,715    1%    £9,059   (3%)
   customers
                                                                          
   Deposits from customers            £13,207 £13,363  (1%)   £15,084  (12%)
                                                                          
   Net loan to deposit ratio            67%     65%   2 ppts    60%   7 ppts
                                                                          
   Gross loans and advances to                                            
   customers consists of:
   Target segments                    £4,838  £4,330    12%   £2,891    67%
   Total run-off books                £4,150  £4,552   (9%)   £6,359   (35%)

    

    

    

   12% growth quarter-on-quarter and 67% growth year-on-year in Metro  Bank’s
   target lending segments.

    

   9% reduction quarter-on-quarter and 35% reduction year-on-year in  run-off
   lending freeing up capital and liquidity to reinvest in target segments.

    

   Total net loans at Q3 2025 were £8.8 billion.

    

   Corporate/Commercial/SME credit approved pipeline remains strong at  £750m
   for Q3  2025,  providing significant  growth  momentum into  Q4  2025  and
   beyond.

    

   Loan to deposit ratio at Q3  2025 was 67%, providing significant  capacity
   for asset growth.

    

   Excess liquidity  continues to  be successfully  managed down,  reflecting
   continued focus on  optimising cost  of funding.  Total customer  deposits
   ended Q3 2025 at  £13.2 billion. Metro Bank  continues to have the  lowest
   Cost of Deposits  of any UK  High Street  bank, ending Q3  2025 at  95bps,
   below the level needed to meet 2027 guidance.

    

   Effective 1 January 2026, the Group expects to be reclassified a  Transfer
   firm with MREL capital  equal to minimum  capital requirements. The  Group
   continues to review its  liability structure on an  economic basis in  the
   context of its ongoing regulatory and liquidity needs.

    

    

    

    

    

   Enquiries

    

   For more information, please contact:

    

   Metro Bank PLC Investor Relations

   Daniel Ainscough

   +44 (0) 20 3402 8900

    1 IR@metrobank.plc.uk

    

   Metro Bank PLC Media Relations

   Victoria Gregory

   +44 (0) 7773 244 608

    2 pressoffice@metrobank.plc.uk

    

   FGS Global

   Mike Turner

   +44 (0) 7766 360900

    3 Metrobank-lon@fgsglobal.com

    

                                      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 76 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  4 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.

    

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   ISIN:          GB00BMX3W479
   Category Code: QRT
   TIDM:          MTRO
   LEI Code:      984500CDDEAD6C2EDQ64
   Sequence No.:  407168
   EQS News ID:   2223876


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:IR@metrobank.plc.uk
   2. mailto:pressoffice@metrobank.plc.uk
   3. mailto:Metrobank-lon@fgsglobal.com
   4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=b4caa80315cd613fd65b876c2019e602&application_id=2223876&site_id=refinitiv~~~456f380e-074c-434c-ab61-d8ca972fa0de&application_name=news


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