Metro Bank falls below MREL targets

By Tyler Davies
21 Oct 2020

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).

Metro Bank said in a brief trading update that it had a total capital plus MREL ratio of 20.2% at the end of September, down from 21.3% at the end of June. 

The firm said that it was still in compliance with its MREL requirement but had ...

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