sur Metro Bank Holdings PLC (isin : GB00BMX3W479)
Metro Bank Reports Positive Q3 2024 Performance
Metro Bank Holdings PLC announced a positive trading update for the third quarter of 2024. The bank reported underlying profitability in October, maintaining guidance for a mid-to-upper single-digit RoTE in 2025. Net interest margin (NIM) improved to 2.48%, indicating a strategic shift towards higher yielding loans.
Total net loans decreased by 22% to £9.1 billion as of September 2024, following a successful mortgage portfolio disposal. Customer deposits stood at £15.1 billion, reflecting ongoing cost management efforts. The Financial Conduct Authority completed its review of Metro Bank's historic financial crime controls.
CEO Daniel Frumkin highlighted Metro Bank's move towards niche markets and the creation of a digitally focused bank in collaboration with Infosys. Metro Bank continues to leverage its relationship-based banking model to explore new commercial opportunities.
R. H.
Copyright © 2024 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.
Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève
Voir toutes les actualités de Metro Bank Holdings PLC