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Metro Bank Share Discussion Threads
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|The first part of my post was never intended to be taken seriously! The second sentence displays my true feelings.|
|The truth is they know they will not be able to take the unprofitable branches and make them profitable. They are sub-prime sites and metro can only make their model work with prime sites and pent up demand for a branch. They also believe that their store architecture (high ceilings, open spaces) is what makes their branches desirable, so they are not going to take on hundreds of decrepit dungeons from some old dragons.|
|If they still own 40 branches then buy another 600 that's quite a jump, perhaps they want to grow more slowly.|
|If MTRO can make such a success of its "stores" why doesn't it buy the 600 branches that RBS has tried to offload several times. I really cannot comprehend the market's love this this bizarre outfit.|
|don't hold these, shame.|
|Caught these right near the bottom recently.
Why so few posters? I guess it's a bit new?|
|Metro Bank stems losses to £7.9m in first update since IPO
The 'challenger' bank, which now has £5.9bn in deposits, said it will 'move to profitability'
By Kate Palmer, Business reporter
20 April 2016 • 8:17am
Challenger bank Metro has reported a rise in loans and deposits in its first trading update as a publicly listed company.
Metro Bank, founded by Vernon Hill in 2010, said it was moving towards profit after narrowing losses to £7.9m, from £10.2m in the last quarter and £8.5m in the same period last year. Total deposits hit £5.9bn, while its loan book stands at £4.13bn.
Metro, known for its glitzy branches and quirky offers including free biscuits for dogs, saw revenues increase 60pc to £38m in the first three months of the year compared to the same period of 2015.
More flannel here: http://www.telegraph.co.uk/business/2016/04/20/metro-bank-stems-losses-to-79m-in-first-update-since-ipo/|
|As fintech neo-banks like Atom, Mondo, Tandem, Starling and others land on the market over the next couple of years, metro bank is going to find that the customers fleeing the big banks no longer arrive at their borders for refuge. No more free meals.|
|A rewarding business - for the staff at least. For details see: Http://www.telegraph.co.uk/business/2016/03/07/10m-payday-for-metro-bank-cashiers-as-stock-market-float-pays-of/?|
|And another Challenger Bank officially joins the fray and although is currently loss making, its forecast to enter FTSE 250. Listed for the first time today on the LSE, the lender's quarterly results are expected to show that deposits have increased by 78% to £5.1bn, while total loans have more than doubled to £3.55bn. For details see:
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