Metro Bank profits treble as pivot to lending pays off
Metro Bank Plc more than trebled first half profits as its pivot towards commercial lending paid off.
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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