Metro Bank (GB:MTRO) has released an update.
Metro Bank Holdings PLC reports a modest 2% increase in assets to £22.6 billion and a 4% rise in deposits to £16.2 billion in Q1 2024, while loans have decreased by 4% from the previous quarter. The bank continues to focus on high-yield mortgages and business lending to improve profitability. CEO Daniel Frumkin expresses confidence in the bank’s strategic direction and anticipates continued financial improvement in 2024.
For further insights into GB:MTRO stock, check out TipRanks’ Stock Analysis page.
