Metro Bank Holdings PLC (MTRO)
Board Update

11-Oct-2024 / 15:00 GMT/BST


            Metro Bank Holdings plc (LSE: MTRO LN)

11 October 2024

 

 

Metro Bank Holdings plc

 

Legal Entity Identifier: 984500CDDEAD6C2EDQ64

 


 

Board Update

 

Further to the announcement on 10 June 2024, Metro Bank announces that Cristina Alba Ochoa will step down as interim Chief Financial Officer on 14 October 2024 and will be appointed as a shareholder-nominated Non-Executive Director on 15 October 2024. This follows a nomination by Spaldy Investments Limited, Metro Bank’s majority shareholder, under the Relationship Agreement between Metro Bank and Spaldy Investments Limited.

 

Marc Page joined Metro Bank on 2 September 2024 as previously announced and his regulatory approval as Chief Financial Officer is pending. The Bank will make a further announcement when the approvals process has completed.

 

This announcement is made in accordance with LR 6.4.6(3) and (4).

 

ENDS

 

Enquiries

For further information on this announcement, please contact:

 

Metro Bank PLC Investor Relations

 

Metro Bank PLC Media Relations

Mona Patel

+44 (0) 7815506845

 

Teneo

Haya Herbert-Burns

+44 (0)7342 031051

 

 

About Metro Bank

Metro Bank is celebrated for its exceptional customer experience. It was named as the best bank for service in-store for business customers in the Competition and Markets Authority’s Service Quality Survey in August 2024.

 

Since 2012, Metro Bank has originated and approved just over £10bn in commercial lending.

The community bank offers retail, business, commercial and private banking services, and prides itself on giving customers the choice to bank however, whenever and wherever they choose, and supporting the customers and communities it serves. Whether that’s through its network of 75 stores; on the phone through its UK-based contact centres; or online through its internet banking or award-winning mobile app, the bank offers customers real choice.

 

Metro Bank is a multi award winning organisation.  The Bank has also been awarded “Large Loans Mortgage Lender of the Year”, 2024 and 2023 Mortgage Awards, accredited as a top ten Most Loved Workplace 2023, “2023 Best Lender of the Year – UK” in the M&A Today, Global Awards, the “Inclusive Culture Initiative Award” in the 2023 Inclusive Awards, “Diversity, Equity & Inclusion Award” and “Leader of the Year Award 2023” at the Top 1% Workplace Awards, “Best Women Mortgage Leaders in the UK” from Elite Women 2023, “Diversity Lead of the Year”, 2023 Women in Finance, Best Large Loan Lender, 2023 Mortgage Strategy Awards,, “Best Business Credit Card”, Forbes Advisor Best of 2023 Awards, Best Business Credit Card”, 2023 Moneynet Personal Finance Awards.

 

Metro Bank Holdings PLC (registered in England and Wales with company number 14387040, registered office: One Southampton Row, London, WC1B 5HA) is the listed entity and holding company of Metro Bank PLC.

 

Metro Bank PLC (registered in England and Wales with company number 6419578, registered office: One Southampton Row, London, WC1B 5HA) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. ‘Metrobank’ is a registered trademark of Metro Bank PLC.  Eligible deposits are protected by the Financial Services Compensation Scheme. For further information about the Scheme refer to the FSCS website . All Metro Bank products are subject to status and approval.

 

Metro Bank is an independent UK bank – it is not affiliated with any other bank or organisation (including the METRO newspaper or its publishers) anywhere in the world. Please refer to Metro Bank using the full name.

 

 

 



Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


ISIN: GB00BMX3W479
Category Code: BOA
TIDM: MTRO
LEI Code: 984500CDDEAD6C2EDQ64
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 352522
EQS News ID: 2007207

 
End of Announcement EQS News Service

fncls.ssp?fn=show_t_gif&application_id=2007207&application_name=news&site_id=research_pool~~~9efe1c65-8ece-4ff7-9608-f21c8e0a38a3
EN
11/10/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on METRO BANK HOLDINGS PLC

Pedro Fonseca
  • Pedro Fonseca

Metro Bank - Primed for growth

Having successfully refinanced in late 2023, Metro Bank is making good progress with repositioning its business model towards higher-return commercial and specialist mortgage lending, reducing its cost of funding and shrinking its cost base. It confidently expects to be profitable before year-end and has guided to strong progress thereafter, reaching a mid- to upper-teens percentage return on tangible equity from 2027. Despite a strong performance since the interims, Metro’s shares are far from ...

 PRESS RELEASE

Board Update

Metro Bank Holdings PLC (MTRO) Board Update 11-Oct-2024 / 15:00 GMT/BST             Metro Bank Holdings plc (LSE: MTRO LN) 11 October 2024     Metro Bank Holdings plc   Legal Entity Identifier: 984500CDDEAD6C2EDQ64     Board Update   Further to the announcement on 10 June 2024, Metro Bank announces that Cristina Alba Ochoa will step down as interim Chief Financial Officer on 14 October 2024 and will be appointed as a shareholder-nominated Non-Executive Director on 15 October 2024. This follows a nomination by Spaldy Investments Limited, Metro Bank’s majority shareholder,...

 PRESS RELEASE

Total Voting Rights

Metro Bank Holdings PLC (MTRO) Total Voting Rights 01-Oct-2024 / 15:01 GMT/BST                                                               Metro Bank Holdings PLC (LSE: MTRO LN) 1 October 2024     Metro Bank Holdings PLC (the "Company")   Legal Entity Identifier: 984500CDDEAD6C2EDQ64 Total Voting Rights   1 October 2024: As at 30 September 2024, Metro Bank Holdings PLC has 672,825,608 ordinary shares of £0.000001 in issue, each with voting rights. Metro Bank Holdings PLC holds no shares in treasury. The above figure of 672,825,608 may be used by shareholders as the deno...

 PRESS RELEASE

Metro Bank Completes Sale of £2.5 billion Residential Mortgage Portfol...

Metro Bank Holdings PLC (MTRO) Metro Bank Completes Sale of £2.5 billion Residential Mortgage Portfolio to NatWest Group PLC 30-Sep-2024 / 16:30 GMT/BST            Metro Bank Holdings PLC (LSE: MTRO LN) 30 September 2024     Metro Bank Holdings PLC   Legal Entity Identifier: 984500CDDEAD6C2EDQ64   Metro Bank Completes Sale of £2.5 billion[1] Residential Mortgage Portfolio to NatWest Group PLC   Further to Metro Bank’s announcement on 26 July 2024 regarding the sale of a portfolio of approximately £2.5[1] billion of prime residential mortgages (the “Portfolio”) to NatWest G...

 PRESS RELEASE

Holding(s) in Company

Metro Bank Holdings PLC (MTRO) Holding(s) in Company 06-Sep-2024 / 15:01 GMT/BST TR-1: Standard form for notification of major holdings 1. Issuer Details ISIN GB00BMX3W479 Issuer Name METRO BANK HOLDINGS PLC UK or Non-UK Issuer UK 2. Reason for Notification An acquisition or disposal of voting rights 3. Details of person subject to the notification obligation Name Kernow Asset Management Limited City of registered office (if applicable) Helston Country of registered office (if applicable) United Kingdom 4. Details of...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch