BANKING

Metro Bank posts flat third-quarter loan growth

Published On : 10/20/2021

(Reuters) – Metro Bank said on Wednesday third-quarter net loans were at similar levels to the previous quarter, as a reduction in the British lender’s exposure to lower-yielding residential mortgages offset growth in consumer lending.

“We are seeing signs of a gradual return to normality and have adopted a hybrid way of working for office-based colleagues,” Chief Executive Officer Daniel Frumkin said.

(Reporting by Chris Peters and Muvija M in Bengaluru; Editing by Vinay Dwivedi)

Wanda Rich

Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.

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Metro Bank posts flat third-quarter loan growth

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