Metro Bank Searches for a Buyer as Lending Grows
The U.K.’s Metro Bank has put itself up for sale following a series of job cuts. The challenger bank announced Thursday (Nov. 12) that its board had begun a review of options for boosting growth, including launching a formal sale process. “Metro Bank continues to demonstrate its business and financial momentum, having reported the highest […] The post Metro Bank Searches for a Buyer as Lending…
Metro Bank has initiated a formal sale process for the entire company, inviting expressions of interest from potential buyers even though no such inquiries have been received so far. The British lender stated that the Takeover Panel has allowed it to engage in confidential discussions without adhering to the conventional 28-day deadline for naming potential bidders.
Metro Bank emphasized that it is not in active talks with any prospective bidder, and there is no assurance of an offer being made. If the process does not yield a deal, the bank will proceed with its standalone strategy and adhere to its previously announced guidance. The board unanimously agreed that exploring potential interest in parallel with its standalone plan will optimize shareholder value.
Metro Bank reaffirmed its guidance in a trading update on November 4, aiming for a return on tangible equity of over 13% in the fourth quarter of 2026, more than 15% in 2027, and over 18% in 2028. The bank reported its highest-ever profit in 2025.
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