LONDON: NatWest Group plc has entered into an agreement with Metro Bank plc to acquire a £2.5 billion portfolio of prime UK residential mortgages, with a weighted average current loan to value of c.62%. On completion of the transaction NatWest Group expects to welcome around 10,000 customer accounts which will continue to be serviced by Metro Bank, in…
Tag: Metro Bank
Metro Bank acquires RateSetter portfolio of loans for £384 million
LONDON: Metro Bank PLC announced the acquisition of a portfolio of loans from peer-to-peer investors who have invested through the Retail Money Market Ltd (RateSetter) platform for a cash consideration of up to £384 million. The exact amount is expected to be less as the Portfolio will continue to amortise between announcement and expected completion…
NatWest acquires mortgage portfolio from Metro Bank
LONDON: NatWest Group plc has entered into an agreement with Metro Bank plc to acquire a £3.0 billion portfolio of prime UK mortgages, a news release said. The portfolio consists of owner occupied residential mortgages with a weighted average current loan to value of c.60%. As part of the transaction, NatWest will welcome over 13,000…
Metro Bank Plc appoints Robert Sharpe as Chairman
LONDON: Metro Bank announced the appointment of Robert Sharpe as Chairman. It is anticipated that Robert will commence the role from 1 November 2020, subject to regulatory approval. He will succeed Sir Michael Snyder, who was appointed Interim Chairman in October last year while a thorough search and selection process for a permanent successor was…