Metro Bank’s share prices have plummeted over the past few weeks, going from 102p on 8th September to 37.5p today (6th October).
In an investor relations report published yesterday (5th October), Metro Bank said the company is evaluating the merits of a range of options, including a combination of equity issuance, debt issuance and /or refinancing and asset sales.
However, no decision has been made on whether to proceed with any of these options.
Metro claimed it continues to meet its minimum regulatory capital requirements and had a total capital plus MREL ratio of 18.1% and a leverage ratio of 4.4% as of 30th June 2023.
According to the statement, the bank has been profitable on an underlying basis for three consecutive quarters ended 30 June 2023, and it expects the Q3 trading update to show continued momentum in personal and business current account growth and customer acquisition, in line with expectations.
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