Metro Bank Share Discussion Threads

[1224saj] 30/10/2024 16:22

She didn't increase bank levy's

[arborfieldinvestor] 30/10/2024 15:40

Interesting price moves after the budget but I didn't see anything in the budget to cause it. Anyone got any ideas or is something else happening? Either way I'm happy!

[hazl] 23/10/2024 07:46

“Metro Bank is a great example of a bank that’s really listening to the needs of its business and commercial customers and ensuring they’re being reflected in new products,” said Nick Reid, head of strategic growth at BankiFi.

“Our data shows that 73% of businesses using Invoice It are getting paid within just two days, often in advance of any invoice terms – significantly helping with their cash management.”

Ian Jackson, director of bank accounts, payments and deposits at Metro Bank, commented: “This year continues to be tricky for small businesses to navigate, which makes helping them get paid in the fastest most efficient way possible more important than ever.

“At Metro Bank, we believe boosting cash management is one of the top priorities for UK businesses and enables Metro Bank to continue to attract new customers.”

[hazl] 23/10/2024 07:45

FinTech

Metro Bank has partnered with engagement banking provider BankiFi to launch Invoice It and help SMEs to send and receive payments.

The service provides an end-to-end payments and accounts receivable solution, with accompanying engagement support services, via an app – available on iOS or Android – or the web.

As well as having its own invoicing option for businesses without an accounting package, Invoice It is also compatible with major accounting software.

Metro Bank customers can now move on from manually chasing up late payments, and free themselves of the significant time burden associated with this practice, instead working towards core business activities, which are more likely to generate growth.

[hazl] 02/10/2024 07:55

Well done MTRO.
Good start.

[kulvinder] 28/9/2024 09:12

Agreed Hazl...should be nearer 100, not in the 60's...

[hazl] 27/9/2024 10:23

Surprised this has stalled.


It seems the best it's been for a long time

to me.




imo

[barnes4] 24/9/2024 21:54

Oh horse you flitted yet again 😂

[blackhorse23] 24/9/2024 21:53

Capable to bankrupt all shareholders lol

[barnes4] 24/9/2024 10:04

Is it capable of breaking out or not?

[bsg] 18/9/2024 08:40

Agree, poor choice.

[arborfieldinvestor] 18/9/2024 07:39

Oh dear. I've worked with Infosys many times and have to say I've not been impressed. Expect cost overuns and delays. The first bit of negative news recently. Still holding, my next sell point is 98p, hope we get there!

[dennisbergkamp] 17/9/2024 22:42

Not keen on that. The outsourcing model doesn’t work - ends up more expensive as more heads and hard to manage / get those teams to think outside the box.

D

[hazl] 17/9/2024 20:50

Daniel Frumkin, Metro Bank Chief Executive Officer, said:

“This collaboration with a world class provider like Infosys builds on the solid foundations we have already laid, unleashing our true potential and creating a sustainably profitable and scalable organisation that is fit for the future. At the end of this transformation, we will be a very different business but the true essence of Metro Bank will remain the same – a high quality service organisation putting customers centre-stage.

“Metro Bank expects to deliver £80m of annualised cost savings this year across multiple initiatives, as it progresses towards the target of reaching mid-to-high teen Return on Tangible Equity by 2027. Our vision for Metro Bank in 2025 and beyond places our store network firmly at its heart, as we continue with our plans to open new stores and bring the Metro Bank experience to the north of England.”

[hazl] 14/9/2024 14:07

Good find aborfield.

[hazl] 13/9/2024 11:36

Thanks people I always thought MTRO was worth fighting for.
The customer satisfaction alone, was telling people something.

[arborfieldinvestor] 13/9/2024 07:44

Thanks for posting H, aligns with most of us long term holders on here.

[kulvinder] 13/9/2024 06:05

Good article H.

[hazl] 12/9/2024 17:00

Implications for Metro Bank

'The 19% surge in Metro Bank’s shares is a clear indication that investors view the funding deal as a positive step forward for the bank. It not only provides the institution with much-needed capital but also sends a strong signal that the market believes in Metro Bank’s potential for recovery and growth.

For Metro Bank, this funding deal is not just about immediate financial relief; it represents a vote of confidence from investors. It will enable the bank to execute its strategic plans more effectively, which may include expanding its product and service offerings, investing in technology, and enhancing its customer experience.

Additionally, the infusion of fresh capital can help Metro Bank meet regulatory requirements and improve its risk management practices, which is crucial for long-term stability and growth'.

From theeustory above.

[hazl] 12/9/2024 09:21

'In a remarkable turn of events for Metro Bank, the British financial institution’s shares experienced a significant surge, rising by an impressive 19% following the announcement of a funding deal. The move has generated substantial excitement in the financial sector, as it reflects renewed investor confidence in the bank’s future prospects. In this article, we will delve into the details of Metro Bank’s funding deal, what it means for the bank, and the broader implications for the financial industry.'

Above link.