Metro Bank reaffirms FY guidance

(Sharecast News) - High street lender Metro Bank on Wednesday reaffirmed annual targets and said net interest margin had come in at the lower of full-year guidance. NIM - the difference between savings and loan rates - came in at 3.33% at September, against the bank's range of 3% - 3.25%.

Net loans for the quarter fell 3% to £8.8bn, while deposits declined 15% to £13.2bn year on year.

Reporting by Frank Prenesti for Sharecast.com