Metro Bank Shares Soar After Robust Third-Quarter Update
Metro Bank said net interest margin expanded 42 basis points to 3.45%, within its full-year target range ahead of the fourth quarter. Deposits eased 1% to £13.03 billion.
Updating on trading, the lender - which currently has 78 UK branches - said NIM had expanded by 42 basis points to 3.45%, putting it within the full-year target range ahead of the fourth quarter. NIM is a key indicator of profitability for banks.Deposits eased 1% to £13.03bn, after growth in retail…