Metro Bank's Reclassification Under MREL Regime

Metro Bank Holdings PLC has received formal confirmation from the Bank of England regarding its reclassification as a transfer firm under the MREL regime, effective from 1 January 2026. This reclassification aligns Metro Bank's MREL with current minimum capital requirements, set at 13.7% including buffers and 9.2% excluding buffers.

Daniel Frumkin, the CEO of Metro Bank, stated the confirmation was anticipated and welcomed as a positive move. This change is expected to enhance Metro Bank's capital flexibility, improve its lending capacity in the UK economy, and potentially increase shareholder value.

Metro Bank plans to provide further details during its full-year results announcement scheduled for 4 March 2026.