Metro Bank (MTRO)

Sector:

Banking

Index:

FTSE Small Cap

103.60p
   
  • Change Today:
      0.60p
  • 52 Week High: 149.90
  • 52 Week Low: 83.00
  • Currency: UK Pounds
  • Shares Issued: 172.42m
  • Volume: 421,578
  • Market Cap: £178.63m
  • RiskGrade: 336
  • Beta: 0.01

Metro Bank sees signs of return to normality as Q3 lending flat

By Michele Maatouk

Date: Wednesday 20 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Metro Bank said on Wednesday that it was seeing signs of a gradual return to normality as it reported flat lending for the third quarter.
In the three months to the end of September, lending was steady compared to the previous quarter at £12.3bn. The bank said this reflects growth in consumer unsecured lending and specialist mortgages, offset by the attrition of lower-yielding residential mortgages and commercial term loans including the initial repayment of the Bounce Back Loan Scheme.

On the year, lending was down 18% after Metro sold its residential mortgage portfolio to NatWest for £3bn.

Chief executive officer Daniel Frumkin said: "The bank has continued to deliver against its strategic priorities during the quarter. We have seen improvements in our lending mix from our expanded product offering.

"We are seeing signs of a gradual return to normality and have adopted a hybrid way of working for office-based colleagues. We remain focused on executing on our plans and returning the bank to sustainable profitable growth."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Metro Bank Market Data

Currency UK Pounds
Share Price 103.60p
Change Today 0.60p
% Change 0.58 %
52 Week High 149.90
52 Week Low 83.00
Volume 421,578
Shares Issued 172.42m
Market Cap £178.63m
Beta 0.01
RiskGrade 336

Metro Bank Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.31% above the market average74.31% above the market average74.31% above the market average74.31% above the market average74.31% above the market average
29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average
Price Trend
59.33% below the market average59.33% below the market average59.33% below the market average59.33% below the market average59.33% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
51.15% above the market average51.15% above the market average51.15% above the market average51.15% above the market average51.15% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 3
Sell 0
Strong Sell 3
Total 7
sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Metro Bank Dividends

No dividends found

Trades for 18-Jan-2022

Time Volume / Share Price
16:35 14,520 @ 103.60p
16:28 1,154 @ 104.40p
16:17 5,040 @ 104.30p
16:14 94 @ 105.20p
16:10 2,000 @ 104.38p

Metro Bank Key Personnel

CFO David Arden
CEO Daniel Frumkin
Chair Robert Sharpe

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