Metro Bank Discusses Potential Sale of Consumer Loan Portfolio

Metro Bank Holdings PLC has announced preliminary discussions about a possible sale of its performing consumer loan portfolio. The move aligns with the bank's strategic shift towards SME, commercial, and corporate lending. This potential sale is part of Metro Bank's ongoing efforts to optimize its balance sheet, emphasizing strong growth in new commercial and corporate lending activities.

The bank expects the transaction to enhance its common equity tier 1 (CET1) and minimum requirement for own funds and eligible liabilities (MREL) ratios once completed, contingent on pricing. However, there is no guarantee that these discussions will result in a finalized deal or what the terms might be.

Clare Gilligan, Metro Bank's Company Secretary, is handling the release of this announcement. For further inquiries, Metro Bank's Investor and Media Relations teams can be contacted.