Britain's Metro Bank sells 584 million pounds unsecured personal loan book
ReutersFeb 26, 2025 7:31 AM
Adds details
Feb 26 (Reuters) - British lender Metro Bank MTRO.L 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)
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