By Andrea Figueras
Metro Bank said it is in preliminary discussions regarding a potential sale of its performing consumer loan portfolio.
The U.K. lender said Wednesday that the transaction would increase the company's CET1 ratio and MREL ratio on completion, subject to pricing.
The move would support its strategic shift towards small and medium enterprises, commercial and corporate lending.
There is no certainty that a transaction will be agreed or the terms of any such transaction, the bank said.
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
January 29, 2025 13:02 ET (18:02 GMT)
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