# Metro Bank posts flat third-quarter loan growth
Published: 2021-10-20
Category: Business
Category URL: https://entrepreneurtribune.com/category/business/
Meta Title: Metro Bank Reports Steady Net Loans in Third Quarter
Meta Description: Metro Bank reports steady Q3 net loans, with a shift away from residential mortgages in favor of consumer lending. CEO Frumkin notes return to normalcy.
URL: https://entrepreneurtribune.com/metro-bank-posts-flat-third-quarter-loan-growth/

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(Reuters) – Metro Bank said on Wednesday third-quarter net loans were at similar levels to the previous quarter, as a reduction in the British lender’s exposure to lower-yielding residential mortgages offset growth in consumer lending.

“We are seeing signs of a gradual return to normality and have adopted a hybrid way of working for office-based colleagues,” Chief Executive Officer Daniel Frumkin said.

(Reporting by Chris Peters and Muvija M in Bengaluru; Editing by Vinay Dwivedi)


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