DJ Metro Bank Holdings PLC: Third Quarter 2025 Trading Update
Metro Bank Holdings PLC (MTRO)
Metro Bank Holdings PLC: Third Quarter 2025 Trading Update
05-Nov-2025 / 07:00 GMT/BST
=----------------------------------------------------------------------------------------------------------------------
Metro Bank Holdings PLC
Trading Update Q3 2025
5 November 2025
Metro Bank Holdings PLC (LSE: MTRO LN) ("Metro Bank")
Legal Entity Identifier: 984500CDDEAD6C2EDQ64
Third Quarter 2025 Trading Update
Strategic actions continue to deliver strong financial performance
-- Continued growth in underlying and statutory profitability, reaffirming all guidance for FY 2025 and beyond
-- 12% growth in target lending segments versus H1 2025 as asset rotation strategy continues at pace
-- Credit quality remains strong with the portfolio highly collateralised and prudently provisioned
-- Exit Net Interest Margin at September 2025 of 3.03%, already within Full Year guidance range of 3.00%-3.25%
-- Exit Cost of Deposits of 95bps remains the lowest of any UK High Street bank
Daniel Frumkin, Chief Executive Officer at Metro Bank, said:
"Our positive momentum has continued in the third quarter, as we delivered strong financial performance and increased
lending in our key target areas of Corporate, Commercial and SME and Specialist Mortgages. As well as our successful
asset rotation into these sectors, we have the lowest Cost of Deposits of any UK High Street bank, and our exit Net
Interest Margin is already within full year guidance range.
"Metro Bank has delivered consistently on its strategy and moves forward from a position of strength, supported by a
strong credit approved pipeline and disciplined cost management which gives us confidence in meeting guidance.
Furthermore, we expect to be classified a transfer firm under the Bank of England's new policy, removing the need for
MREL going forward. We remain focused on delivering for our colleagues, customers, shareholders and supporting UK
growth, leveraging our relationship-focused banking model and diverse market offering."
Key Financials
Change Change
Q3 H1 Q3
from from
GBP in millions 2025 2025 2024
H1 2025 Q3 2024
Total assets GBP16,247 GBP16,428 (1%) GBP20,804 (22%)
Gross loans and advances to customers GBP8,988 GBP8,882 1% GBP9,250 (3%)
Less: allowance for impairment (GBP171) (GBP167) 2% (GBP191) (10%)
Net loans and advances to customers GBP8,817 GBP8,715 1% GBP9,059 (3%)
Deposits from customers GBP13,207 GBP13,363 (1%) GBP15,084 (12%)
Net loan to deposit ratio 67% 65% 2 ppts 60% 7 ppts
Gross loans and advances to customers consists of:
Target segments GBP4,838 GBP4,330 12% GBP2,891 67%
Total run-off books GBP4,150 GBP4,552 (9%) GBP6,359 (35%)
12% growth quarter-on-quarter and 67% growth year-on-year in Metro Bank's target lending segments.
9% reduction quarter-on-quarter and 35% reduction year-on-year in run-off lending freeing up capital and liquidity to reinvest in target segments.
Total net loans at Q3 2025 were GBP8.8 billion.
Corporate/Commercial/SME credit approved pipeline remains strong at GBP750m for Q3 2025, providing significant growth momentum into Q4 2025 and beyond.
Loan to deposit ratio at Q3 2025 was 67%, providing significant capacity for asset growth.
Excess liquidity continues to be successfully managed down, reflecting continued focus on optimising cost of funding. Total customer deposits ended Q3 2025 at GBP13.2 billion. Metro Bank continues to have the lowest Cost of Deposits of any UK High Street bank, ending Q3 2025 at 95bps, below the level needed to meet 2027 guidance.
Effective 1 January 2026, the Group expects to be reclassified a Transfer firm with MREL capital equal to minimum capital requirements. The Group continues to review its liability structure on an economic basis in the context of its ongoing regulatory and liquidity needs.
Enquiries
For more information, please contact:
Metro Bank PLC Investor Relations
Daniel Ainscough
+44 (0) 20 3402 8900
IR@metrobank.plc.uk
Metro Bank PLC Media Relations
Victoria Gregory
+44 (0) 7773 244 608
pressoffice@metrobank.plc.uk
FGS Global
Mike Turner
+44 (0) 7766 360900
Metrobank-lon@fgsglobal.com
ENDS
About Metro Bank
Metro Bank provides corporate, commercial and SME banking and specialist mortgage lending, alongside retail and private banking services. Metro Bank offers relationship banking through a network of 76 stores in the UK, telephone banking from UK-based contact centres and digital banking via mobile app and online.
Metro Bank Holdings PLC (registered in England and Wales with company number 14387040, registered office: One Southampton Row, London, WC1B 5HA) is the listed entity and holding company of the Metro Bank group.
Metro Bank PLC (registered in England and Wales with company number 6419578, registered office: One Southampton Row, London, WC1B 5HA) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. 'Metrobank' is a registered trademark of Metro Bank PLC. Eligible deposits are protected by the Financial Services Compensation Scheme. For further information about the Scheme, refer to www.fscs.org.uk.
Metro Bank is an independent UK bank - it is not affiliated with any other bank or organisation. Please refer to Metro Bank using the full name.
-----------------------------------------------------------------------------------------------------------------------
Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
-----------------------------------------------------------------------------------------------------------------------
ISIN: GB00BMX3W479 Category Code: QRT TIDM: MTRO LEI Code: 984500CDDEAD6C2EDQ64 Sequence No.: 407168 EQS News ID: 2223876 End of Announcement EQS News Service =------------------------------------------------------------------------------------
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=2223876&application_name=news&site_id=dow_jones%7e%7e%7ebed8b539-0373-42bd-8d0e-f3efeec9bbed
(END) Dow Jones Newswires
November 05, 2025 02:00 ET (07:00 GMT)