Metro Bank falls below MREL targets

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Senior Debt

Metro Bank falls below MREL targets

Tyler Davies
October 21, 2020 12:15 PM
Metro_Bank_PA_575x375_211020
A Metro Bank branch is seen in London. Metro Bank’s shares dropped by 8\% on Monday 13 May 2019 leaving them 70\% lower for the year to date and concerns about the bank’s financial position. At its many branches, it has been reported that customers are queueing outside the bank after a WhatsApp message advising people to withdraw their money out of their accounts and empty safe deposit boxes. (Photo by Dinendra Haria / SOPA Images/Sipa USA) | SOPA Images/SIPA USA/PA Images

Metro Bank said on Wednesday that it had slipped below its loss-absorbing capacity targets. But before it commits to issuing more senior debt, it is waiting for the Bank of England to complete a review of the minimum requirements for own funds and eligible liabilities (MREL).

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Tyler Davies
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