Metro Bank Concludes £584 Million Loan Book Sale

Metro Bank Holdings PLC has finalized the sale of a £584 million portfolio of unsecured personal loans. This transaction aligns with the bank's strategic focus on optimizing its balance sheet and improving risk-adjusted returns on capital. By completing this sale, Metro Bank gains additional lending capacity to shift towards more lucrative commercial, corporate, SME lending, and specialist mortgages. Despite the sale, Metro Bank retains legal title and servicing responsibilities for the loans.

This move reflects Metro Bank’s ongoing adaptation of its asset strategy to support its growth in higher-yield sectors. The bank’s decision is set to positively influence its financial position, enabling further investment in its strategic areas. The completed transaction marks a significant step in Metro Bank's continued efforts to streamline its focus on higher-yield lending.