Published by Global Banking & Finance Review®
Posted on February 26, 2025
1 min readLast updated: January 25, 2026
Add as preferred source on GoogleMetro Bank has sold a £584 million unsecured loan portfolio, expecting an £11 million gain. The buyer is undisclosed, marking a strategic financial move.
(Reuters) -British lender Metro Bank on Wednesday said it has signed an agreement to sell a portfolio of about 584 million pounds ($738.88 million) of unsecured personal loans.
A spokesperson of the bank declined to comment on who had bought the portfolio.
The transaction is expected to result in a gain of about 11 million pounds, Metro Bank said.
($1 = 0.7904 pounds)
(Reporting by Chandini Monnappa, Iain Withers and Yamini Kalia; Editing by Varun H K)
Metro Bank announced that it has signed an agreement to sell a portfolio of about 584 million pounds of unsecured personal loans.
A spokesperson for Metro Bank declined to comment on who had bought the portfolio.
Metro Bank stated that the transaction is expected to result in a gain of about 11 million pounds.
Explore more articles in the Finance category
