Metro Bank PLC Completion of RateSetter back book acquisition
RNS Number : 5595U
Metro Bank PLC
06 April 2021
6 April 2021
Metro Bank PLC ("Metro Bank")
Legal Entity Identifier: 213800X5WU57YL9GPK89
Metro Bank completes acquisition of RateSetter back book
Further to Metro Bank's announcement on 2 February 2021
regarding the acquisition of a portfolio of unsecured personal
loans (the "Portfolio") from peer-to-peer investors who invested
through the Retail Money Market Ltd ("RateSetter") platform, Metro
Bank confirms that the transaction completed on 2 April 2021 as
expected. The Portfolio had an aggregate book value of GBP337m at
For further information please contact:
+44 (0) 20 3402 8900
Tina Coates / Abigail Whittaker
+44 (0) 7811 246016 / +44 (0) 7989 876136
Charles Armitstead / Haya Herbert--Burns
+44 (0) 7703 330269 / +44 (0) 7342 031051
About Metro Bank
Metro Bank serves more than two million customer accounts and is
celebrated for its exceptional customer experience. It is the
highest rated high street bank for overall service quality for
personal and business customers and the number one bank for service
in stores in the Competition and Market Authority's Service Quality
Survey in February 2021. It was recognised as 'Bank of the Year' at
the 2020 MoneyAge Awards and 'Banking Brand of The Year' at the
Moneynet Personal Finance Awards 2021.
The community bank offers retail, business, commercial and
private banking services, and prides itself on giving customers the
choice to bank however, whenever and wherever they choose, and
supporting the customers and communities it serves. Whether that's
through its network of 77 stores open seven days a week, early
until late, 362 days a year; on the phone through its UK-based 24/7
contact centres; or online through its internet banking or
award-winning mobile app: the bank offers customers real
Metro Bank PLC. Registered in England and Wales. Company number:
6419578. Registered office: One Southampton Row, London, WC1B 5HA.
'Metrobank' is the registered trademark of Metro Bank PLC.
It is authorised by the Prudential Regulation Authority and
regulated by the Financial Conduct Authority and Prudential
Regulation Authority. Most relevant deposits are protected by the
Financial Services Compensation Scheme. For further information
about the Scheme refer to the FSCS website www.fscs.org.uk.
All Metro Bank products are subject to status and approval.
Metro Bank PLC is an independent UK bank - it is not affiliated
with any other bank or organisation (including the METRO newspaper
or its publishers) anywhere in the world. Please refer to Metro
Bank using the full name.
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(END) Dow Jones Newswires
April 06, 2021 10:54 ET (14:54 GMT)