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India

Metro Bank PLC (MTRO.L)

MTRO.L on London Stock Exchange

3,464.00GBp
20 Apr 2018
Change (% chg)

16.00 (+0.46%)
Prev Close
3,448.00
Open
3,476.00
Day's High
3,476.00
Day's Low
3,446.00
Volume
69,180
Avg. Vol
163,126
52-wk High
4,056.00
52-wk Low
3,237.00

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

Metro Bank investor aims to oust chairman over payments to wife's firm

LONDON, April 13 British fund manager Royal London Asset Management (RLAM) plans to launch a shareholder rebellion against Metro Bank over payments made to a company owned by the wife of Chairman Vernon Hill.