Half Year Results 

Metro Bank bolsters capital base

Metro Bank bolsters capital base

Achieving its ambitious growth targets was never going to come cheap for Metro Bank (MTRO). The challenger bank, which raised £400m at its IPO in March 2016, has completed a £278m share placing with new and existing shareholders, with the proceeds to be held to back a growing loan book. As a result of the increased share capital, its 18 per cent return on equity target has been pushed out two years to 2022.

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