0801 GMT - Metro Bank's loan book only edged up on quarter when adjusted for its recent disposal, which is disappointing when compared with consensus expectations and the bank's mid-term growth guidance, Keefe, Bruyette & Woods says in a note. Despite this softness, the group backed its guidance and noted that it was profitable on underlying and statutory bases for the three-month period. Achieving its ambitious plans for market-leading profitability is still demanding despite the support from the winding down of old loans, analysts Edward Firth and Elise Yu Ge write. This requires consistent double-digit new business volume growth alongside expanding margins and maintaining credit quality, they note. Shares rise 2.7% to 107 pence. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
May 08, 2025 04:01 ET (08:01 GMT)
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