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2021 10 20T063253Z 1 LYNXMPEH9J08G RTROPTP 4 METRO BANK OUTLOOK - Business Express
FILE PHOTO: Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. REUTERS/Hannah McKay/File Photo

Metro Bank posts flat third-quarter loan growth


(Reuters) – Metro Bank said on Wednesday third-quarter net loans were at similar levels to the previous quarter, as a reduction in the British lender’s exposure to lower-yielding residential mortgages offset growth in consumer lending.

“We are seeing signs of a gradual return to normality and have adopted a hybrid way of working for office-based colleagues,” Chief Executive Officer Daniel Frumkin said.

(Reporting by Chris Peters and Muvija M in Bengaluru; Editing by Vinay Dwivedi)

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