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 ...

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.

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 ...

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 ...

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 ...

The AA plans to launch instant access savings accounts from the end of March, closely followed by personal loans, as part of a partnership with NatWest Boxed (Gareth Fuller/PA) ...

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) ...