Metro Bank Sells $4.25 Billion Mortgage Portfolio to NatWest
By Matteo Castia
Metro Bank PLC said Friday that it sold a mortgage portfolio to
NatWest Group PLC for 3.13 billion pounds ($4.25 billion).
The bank said the portfolio consists of primarily repayment
mortgages with an average remaining fixed-rate term of circa two
and half years.
"The transaction is in line with Metro Bank's strategy to
enhance risk-adjusted returns on capital through the ongoing focus
on balance sheet optimization," the company said.
Write to Matteo Castia at firstname.lastname@example.org
(END) Dow Jones Newswires
December 18, 2020 13:56 ET (18:56 GMT)
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