Metro Bank sells prime residential mortgage portfolio to NatWest Group for £2.4bn, reducing risk-weighted assets and boosting CET1 ratio.

Metro Bank has agreed to sell its prime residential mortgage portfolio to NatWest Group for up to £2.4bn ($3.1bn) in cash. The sale is expected to reduce Metro's risk-weighted assets by approximately £824m, leading to an improvement in its Common Equity Tier 1 (CET1) ratio by about five basis points. NatWest is acquiring the mortgage portfolio as part of its strategy to grow its retail business.

July 26, 2024
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