REG-Metro Bank Holdings PLC Statement Regarding Consumer Loan Book Portfolio

Metro Bank HoldingsAnnouncement

29/01/2025 18:00

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   Metro Bank Holdings PLC (MTRO)
   Statement Regarding Consumer Loan Book Portfolio

   29-Jan-2025 / 17:47 GMT/BST

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                                       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

    1 pressoffice@metrobank.plc.uk

   FGS Global

   Chris Sibbald

   Mobile: +44 7855 955 531

    2 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.

    

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   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00BMX3W479
   Category Code:  MSCH
   TIDM:           MTRO
   LEI Code:       984500CDDEAD6C2EDQ64
   OAM Categories: 2.2. Inside information
   Sequence No.:   373606
   EQS News ID:    2077427


    
   End of Announcement EQS News Service

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    3 fncls.ssp?fn=show_t_gif&application_id=2077427&application_name=news&site_id=refinitiv~~~790ea929-3c21-49b8-8ff9-1aed464daef1

References

   Visible links
   1. mailto:pressoffice@metrobank.plc.uk
   2. mailto:metrobank-lon@fgsglobal.com


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