MTRO Metro Bank Holdings Plc

Metro Bank Holdings PLC (MTRO) 
Metro Bank Holdings PLC: Third Quarter 2023 Trading Update 
07-Nov-2023 / 07:00 GMT/BST 
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Metro Bank Holdings PLC 
Trading Update Q3 2023 
7 November 2023 
 
Metro Bank Holdings PLC (LSE: MTRO LN) ("Metro Bank") 
 
Third Quarter 2023 Trading Update 
 
Secured GBP325m capital raise, comprising GBP150m of new equity and GBP175m of new MREL issuance, alongside GBP600m of debt 
refinancing as previously announced. 
                       30        30      Change   30        Change 
                                         from               from 
                       September June             September 
GBP in millions                            H1 2023            Q3 2022 
                       2023      2023             2022 
 
Assets                 GBP21,606   GBP21,747 (1%)     GBP22,553   (4%) 
Loans                  GBP12,513   GBP12,572 nm       GBP12,830   (2%) 
Deposits               GBP15,612   GBP15,529 1%       GBP16,371   (5%) 
Loan to deposit ratio  80%       81%     (1 ppts) 78%       2 ppts 

As announced on 8 October, post quarter end Metro Bank noted an increase in deposit outflow rates in advance of the announcement of the capital package. Since the announcement, daily flows have returned to more normal ranges.

The third quarter delivered continued momentum in Personal and Business Current Account growth and customer acquisition as well as a modest statutory profit after tax. Lending reflects continued controlled asset origination and as such capital resources were broadly flat relative to 30 June levels.

Enquiries

For more information, please contact:

Metro Bank PLC Investor Relations

Jo Roberts

+44 (0) 20 3402 8900

Jo.roberts@metrobank.plc.uk

Metro Bank PLC 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

ENDS

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 2023. 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.

----------------------------------------------------------------------------------------------------------------------- Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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ISIN:           GB00BMX3W479 
Category Code:  QRT 
TIDM:           MTRO 
LEI Code:       984500CDDEAD6C2EDQ64 
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State 
Sequence No.:   283025 
EQS News ID:    1766403 
 
End of Announcement  EQS News Service 
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(END) Dow Jones Newswires

November 07, 2023 02:00 ET (07:00 GMT)

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