Metro Bank Holdings PLC (LSE: MTRO
LN)
29 January 2025
Metro Bank
Holdings PLC
Legal Entity
Identifier: 984500CDDEAD6C2EDQ64
THIS
ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF
ARTICLE 7 OF THE UK VERSION
OF REGULATION (EU) NO. 596/2014 ON MARKET ABUSE, AS IT FORMS PART
OF UK DOMESTIC
LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018.
FOR
IMMEDIATE RELEASE
Statement
Regarding Consumer Loan Book Portfolio
The Board of Metro Bank
Holdings PLC (“Metro Bank”) confirms that it is in preliminary
discussions regarding the potential sale of its performing consumer
loan portfolio.
This potential
transaction further supports Metro Bank’s strategic shift towards
SME, Commercial and Corporate lending. Metro Bank continues to seek
opportunities to optimise its balance sheet, in particular given
the strong growth the bank has seen in new Commercial and Corporate
lending.
The potential
transaction is expected to increase the CET1 ratio and MREL ratio
on completion, subject to pricing.
There is no certainty
that a transaction will be agreed or the terms of any such
transaction.
The person responsible
for arranging release of this announcement on behalf of Metro Bank
is Clare Gilligan, Company Secretary.
Enquiries:
Metro Bank PLC Investor Relations
IR@metrobank.plc.uk
Metro Bank Media Relations
Victoria
Gregory
+44 (0) 07773
244608
pressoffice@metrobank.plc.uk
FGS Global
Chris
Sibbald
Mobile: +44 7855 955
531
metrobank-lon@fgsglobal.com
Important
notices
This announcement is
not intended to, and does not, constitute or form part of any
offer, invitation or solicitation of any offer to purchase,
otherwise acquire, subscribe for, sell or otherwise dispose of, any
securities or the solicitation of any vote or approval in any
jurisdiction, whether pursuant to this announcement or
otherwise.
This announcement is
for information purposes only and is not intended to and does not
constitute or form part of any offer or invitation to purchase or
subscribe for, or any solicitation to purchase or subscribe for any
securities in any jurisdiction.
