Metrobank expects improvement in net loans in the second half of the year and reports a smaller loss

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People walk by Metro Bank in London, UK, May 22, 2019 REUTERS / Hannah McKay / Photo from file

July 28th. (Reuters) – UK lender to Metro Bank’s (MTRO.L) Total lending was 17% lower than a year earlier, its first half results showed on Wednesday, but he said he expects total net lending to improve over the year as the economy breaks free.

The company reported a pre-tax loss of £ 138.9 million ($ 193 million) in the six months to June, compared with a loss of £ 240.6 million a year earlier, when the pandemic had huge costs. The total volume of loans was 12.33 billion pounds.

(1 dollar = 0.7209 pounds)

Reporting by Muwiji M. in Bangalore; editing by John O’Donnell

Our standards: Thomson Reuters Trust Principles.

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