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Metro Bank PLC (MTRO.L)

MTRO.L on London Stock Exchange

3,476.00GBp
14 Dec 2017
Change (% chg)

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3,476.00
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121,791
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3,872.00
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2,915.00

Latest Key Developments (Source: Significant Developments)

Metro Bank says ‍Q3 underlying pretax profit up 77 pct from Q2​
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Metro Bank Plc ::METRO BANK PLC - ‍Q3 UNDERLYING PROFIT BEFORE TAX 1 AT £7.2M, A 77 PCT INCREASE FROM £4.0M IN Q2 2017​.‍DEPOSITS FROM CUSTOMERS UP £955M, 10 PCT QUARTER-ON-QUARTER TO £10.8B ($14.4B) IN Q3​.METRO BANK PLC - ‍RECORD QUARTERLY GROWTH OF 79,000 CUSTOMER ACCOUNTS IN Q3 TO 1,124,000, UP 33 PCT YEAR-ON-YEAR​.Q3 ‍LENDING UP £858M, 11 PCT QUARTER-ON-QUARTER TO £8.6B ($11.5B) AND A 1 PCT INCREASE IN LOAN TO DEPOSIT RATIO TO 80 PCT​.METRO BANK PLC - ‍LOAN TO DEPOSIT RATIO INCREASED TO 80 PCT IN Q3 (30 JUNE 2017: 79 PCT; 30 SEPTEMBER 2016: 71 PCT) AS MOMENTUM IN OUR LENDING CONTINUES​.‍WE ARE ON TRACK TO MEET OUR JANUARY PLEDGE TO LEND £1BN OF NET LENDING TO BUSINESSES DURING 2017​.METRO BANK PLC - ‍NET INTEREST MARGIN OF 1.94 PCT FOR THIRD QUARTER UP FROM 1.92 PCT DRIVEN BY INCREASE IN LOAN TO DEPOSIT RATIO​.‍Q3 COMMON EQUITY TIER 1 CAPITAL ("CET1") AS A PERCENTAGE OF RISK WEIGHTED ASSETS IS 17.4 PCT​.METRO BANK - ‍WILLIAMS & GLYN ALTERNATIVE REMEDIES PACKAGE PRESENTS AN OPPORTUNITY AND WE ARE PREPARING OUR BID FOR FUNDS​.METRO BANK PLC - Q3 ‍TOTAL REVENUE 78.1 MILLION STG VERSUS 53.4 MILLION STG YEAR AGO​.‍REMAIN ON TRACK TO DELIVER OUR FIRST FULL YEAR OF PROFITABILITY IN 2017 AND REITERATE OUR 2020 GUIDANCE​.  Full Article

Metro Bank says CFO ‍Mike Brierley to retire in 2018
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Metro Bank Plc :METRO BANK PLC - ‍DAVID ARDEN ANNOUNCED AS SUCCESSOR​.METRO BANK PLC - ‍MIKE BRIERLEY, CFO, COMPANY SECRETARY AND DIRECTOR OF METRO BANK PLC HAS INFORMED BOARD OF HIS INTENTION TO RETIRE NEXT YEAR​.  Full Article

Metro Bank says half-yearly revenue up 63 pct
Wednesday, 27 Jul 2016 

Metro Bank Plc : Total deposits increased 74 pct year-on-year to 6.6bn stg, with deposits coming from a diversified mix of both businesses and retail customers . Since referendum vote we have seen no change in customer behaviour or impact on business flows - CEO . Revenue is up 63 pct year-on-year and underlying quarterly loss after tax down to 4.1 mln stg, compared to 10.2m stg in Q4 2015 and 7.9m stg in Q1 2016 . In a strong position to deal with any post European referendum uncertainty - CEO .As of 30 June total assets were 8,351m stg , up from 7,388m stg at 31 March 2016 and 4,571m stg at 30 June 2015.  Full Article

UPDATE 2-Britain's Metro Bank profit jumps as lending and customer numbers rise

* Total loans jump 66 percent to 8.61 billion pounds (Adds CEO comments, details)