Metro Bank PLC

Metro Bank disposal of RateSetter loan portfolio

RNS Number : 5333B
Metro Bank PLC
10 June 2021
 

10 June 2021

 

Metro Bank PLC ("Metro Bank")

Legal Entity Identifier: 213800X5WU57YL9GPK89

 

 

 

Metro Bank completes disposal of the RateSetter car dealer finance loan portfolio

 

 

Metro Bank announces that it has today completed the disposal of the RateSetter car dealer finance loan portfolio (the "Portfolio") to LE Capital UK (Asset 1) Limited. The Portfolio had an aggregate book value of £15m and formed a non-core part of the RateSetter back book acquired by Metro Bank on 2 April 2021.

 

 

ENDS

 

Enquiries

 

For further information please contact:

 

Investor Relations

Jo Roberts

+44 (0) 20 3402 8900

[email protected]

 

Media Relations

Mona Patel

+44 (0)7815 506845

[email protected]

 

Teneo

Charles Armitstead / Haya Herbert Burns

+44 (0) 7703 330269 / +44 (0) 7342 031051

[email protected]

 

 

About Metro Bank

 

Metro Bank serves more than two million customer accounts and is celebrated for its exceptional customer experience. It is the highest rated high street bank for overall service quality for personal and business customers and the number one bank for service in stores in the Competition and Market Authority's Service Quality Survey in February 2021. It was recognised as 'Bank of the Year' at the 2020 MoneyAge Awards and 'Banking Brand of The Year' at the Moneynet Personal Finance Awards 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 77 stores open seven days a week, early until late, 362 days a year; on the phone through its UK-based 24/7 contact centres; or online through its internet banking or award-winning mobile app: the bank offers customers real choice.

Metro Bank PLC. Registered in England and Wales. Company number: 6419578. Registered office: One Southampton Row, London, WC1B 5HA. 'Metrobank' is the registered trademark of Metro Bank PLC.

It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Most relevant 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 PLC 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.

 

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