Metro Bank more than trebled first half profits as its pivot towards commercial lending paid off.
Source: Sharecast
The bank reported an underlying pre-tax profit of £45.1m in the six months to June, compared with £12.8m a year ago.
Metro has shifted its focus from retail banking towards specialist lending to small and medium-sized firms.
Net interest margin – the difference between what a bank charges on loans and pays out on savings – rose to 2.87% from 1.64% in 2024.
Reporting by Frank Prenesti for Sharecast.com
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