Metro Bank's Strong H1 2025 Financial Performance

Metro Bank Holdings PLC reported a robust financial performance for the first half of 2025. The underlying profit before tax reached £45 million, more than tripling the profit from H2 2024. Revenue increased by 22% year-on-year to £286 million, while operating costs decreased by 8%. The bank's exit Net Interest Margin saw a rise to 2.95%, up 117 basis points from the previous year.

Metro Bank achieved a record £1 billion in new corporate and SME lending, doubling its previous year's figures. CEO Daniel Frumkin highlighted the success of strategic actions that drove this growth and reduced costs. The bank aims for continued growth with a target RoTE by 2027 and plans to leverage the benefits from changes to the MREL regime.