Metro Bank Holdings PLC Response to press speculation (8197O)
05 October 2023 - 6:55PM
UK Regulatory
TIDMMTRO
RNS Number : 8197O
Metro Bank Holdings PLC
05 October 2023
Metro Bank Holdings PLC (LSE: MTRO LN)
5 October 2023
Metro Bank Holdings PLC ("Metro Bank") (the "Company")
Legal Entity Identifier: 984500CDDEAD6C2EDQ64
Response to press speculation
Metro Bank notes the recent press speculation regarding a
potential capital raise. Following Metro Bank's update on capital
planning on 12 September 2023, the Company continues to consider
how best to enhance its capital resources, with particular regard
to the GBP350m senior non-preferred notes due in October 2025. The
Company continues to meet its minimum regulatory capital
requirements and had a total capital plus MREL ratio of 18.1% and a
leverage ratio of 4.4% as at 30 June 2023.
The Company is evaluating the merits of a range of options,
including a combination of equity issuance, debt issuance and /or
refinancing and asset sales. No decision has been made on whether
to proceed with any of these options.
For three consecutive quarters ended 30 June 2023, the bank has
been profitable on an underlying basis, and it expects the Q3
trading update to show continued momentum in Personal and Business
Current Account growth and customer acquisition, in line with
expectations. Metro Bank continues to be well positioned for future
growth.
ENDS
For more information, please contact:
Metro Bank Investor Relations
Jo Roberts
+44 (0) 20 3402 8900
IR@metrobank.plc.uk
Metro Bank Media Relations
Tina Coates / Mona Patel
+44 (0)7811 246016 / +44 (0) 7815 506845
pressoffice@metrobank.plc.uk
Teneo
Charles Armitstead / Haya Herbert Burns
+44 (0)7703 330269 / +44 (0) 7342 031051
Metrobank@teneo.com
About Metro Bank
Metro Bank services 2.8 million customer accounts and is
celebrated for its exceptional customer experience. It remains one
of the highest rated high street banks for overall service quality
for personal customers and the best bank for service in-store for
personal and business customers, in the Competition and Markets
Authority's Service Quality Survey in August 2023. Metro Bank has
also been awarded "2023 Best Lender of the Year - UK" in the
M&A Today, Global Awards, "Best Mortgage Provider of the Year"
in 2022 MoneyAge Mortgage Awards, "Best Business Credit Card" in
2022 Moneynet Personal Finance Awards, "Best Business Credit Card
2022", Forbes Advisor, "Best Current Account for Overseas Use" by
Forbes 2022 and accredited as a top ten Most Loved Workplace 2022.
It was "Banking Brand of The Year" at the Moneynet Personal Finance
Awards 2021 and received the Gold Award in the Armed Forces
Covenant's Employer Recognition Scheme 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 76 stores open seven days a week, 362 days a
year; on the phone through its UK-based contact centres; or online
through its internet banking or award-winning mobile app, the bank
offers customers real choice.
Metro Bank Holdings PLC (registered in England and Wales with
company number 14387040, registered office: One Southampton Row,
London, WC1B 5HA) is the listed entity and holding company of Metro
Bank PLC.
Metro Bank PLC (registered in England and Wales with company
number 6419578, registered office: One Southampton Row, London,
WC1B 5HA) is authorised by the Prudential Regulation Authority and
regulated by the Financial Conduct Authority and Prudential
Regulation Authority. 'Metrobank' is a registered trademark of
Metro Bank PLC. Eligible 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 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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
CIRUPGGAUUPWUMA
(END) Dow Jones Newswires
October 05, 2023 03:55 ET (07:55 GMT)
Metro Bank (LSE:MTRO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Metro Bank (LSE:MTRO)
Historical Stock Chart
From Apr 2023 to Apr 2024