Metro Bank, a UK-based retail and commercial bank, has agreed to sell a £584m ($739.5m) unsecured personal loan portfolio. This move aligns with the bank's plan to reposition its balance sheet ...

The total outstanding personal loan balance in America is $249 billion – an increase of 64% over the past five years. By comparison, credit card debt rose 33% in that same timeframe. About 9% of ...

The Bank of England has held interest rates at 4.75% in December - following two falls in 2024. Interest rates affect the mortgage, credit card and savings rates for millions of people across the ...

Nearly 23 million Americans have unsecured personal loans, with an average balance of about $11,500.; Today, the average interest rate on a personal loan is 11.48%, up from 9.38% in 2021. The ...

It consists of performing unsecured personal loans with an average remaining fixed-rate term of c2.4 years. The transaction results in an estimated cGBP11 million gain on sale[5] upon completion.

UK credit card borrowing costs have soared to the highest levels in nearly two decades as falls in personal loan rates have paved the way to fresh options for consumers to tackle debt.

The bank has ceased offering unsecured personal loans to new customers back in 2023 Credit: Rex. The high street bank said the sale of the unsecured loans will result in a gain of about £11million.

The move, involving loans averaging 2.4 years left to run, scales back Metro's exposure in unsecured personal loans to a minimal level. Steering clear of new personal and unsecured loans since end ...

Metro Bank has agreed the sale of a £584 million portfolio of personal loans as it continues to focus efforts on specialist lending. The high street bank said the sale of the unsecured loans ...

DJ Metro Bank Completes Sale of GBP584 million Unsecured Personal Loan Book Metro Bank Holdings PLC ... 7464 224720 [email protected] Metro Bank Media Relations Victoria Gregory +44 (0) ...