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Metro Bank Shares Dip After SME Lending Pivot Sees Profit Balloon
Summary by City AM
3 Articles
3 Articles
Metro Bank shares dip after SME lending pivot sees profit balloon
Metro Bank has swung back into profit as the firm’s pivot into small business lending led to a bump in revenue. The FTSE 250 lender returned to profitability with a pre-tax profit of just north of £98m – a 15-year high and major clawback from losses of £14m last year. The swing came as Metro notched 67 per cent growth in new corporate, commercial and small and medium-sized enterprise (SME) lending – an area the bank has locked its sights on in i…
·London, United Kingdom
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