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Home > Finance > Britain's Metro Bank sells 584 million pounds unsecured personal loan book

Finance

Britain's Metro Bank sells 584 million pounds unsecured personal loan book

Published by Global Banking and Finance Review

Posted on February 26, 2025

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(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)

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