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City

Metro Bank posts record revenue growth as cost-cutting continues

Metro Bank has reported record revenue growth after benefiting from higher interest on customer loans so far this year. The bank said its revenue grew by 31% to £236.2 million in the six months to June 30, compared with £179.8 million in the same ...

28 Jul 2022 at 15:25

City

Metro Bank losses hit £245m as lender reels from fines and sanctions

Metro Bank suffered a heavy loss last year as the high street lender put aside cash to cover fines imposed on it by UK regulators and over historical global sanctions. The bank said pre-tax losses for 2021 hit £245.1 million, which was an ...

23 Feb 2022 at 11:55

City

Metro Bank losses hit £245m as lender reels from regulator fines

Metro Bank suffered a heavy loss last year as the high street lender put aside cash to cover fines imposed on it by UK regulators. The bank said pre-tax losses for 2021 hit £245.1 million, which was an improvement on the £311.4 million ...

23 Feb 2022 at 09:25

City

Metro Bank rescue deal leaves Colombian billionaire as biggest shareholder

Bosses of ailing Metro Bank managed to agree a deal with shareholders on Sunday after crunch weekend meetings which saw a Colombian billionaire seize a controlling stake in the bank. The high street lender said the new plan will see ...

09 Oct 2023 at 08:52

City

Metro Bank narrows losses and ‘draws a line’ under legacy issues

Metro Bank has narrowed its losses and said it is well on its way to being profitable after cutting costs and seeing its finances bolstered by higher interest rates. The British bank still posted pre-tax losses of £70.7 million ...

02 Mar 2023 at 10:41

City

Metro Bank sells £584m personal loan book amid shift to specialist lending

Metro Bank has agreed the sale of a £584 million portfolio of personal loans as it continues to focus efforts on specialist lending. The high street bank said the sale of the unsecured loans – to an undisclosed buyer – will ...

26 Feb 2025 at 08:27

City

Metro Bank returns to profit after cutting costs and boosting lending

Metro Bank has revealed it returned to a profit over the first half of 2025 after slashing costs across the business and ramping up corporate lending. The London-listed business reported a statutory pre-tax profit of £43.1 ...

06 Aug 2025 at 08:13

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