Metro Bank Plc - Fitch Research

Metro Bank Plc

Metro Bank Plc - Fitch Research
Metro Bank Plc
Published Nov 13, 2019
14 pages (9508 words) — Published Nov 13, 2019
Price US$ 550.00  |  Buy this Report Now

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Brief Excerpt:

...Standalone Profile: Metro Bank Plc's Long-Term Issuer Default Rating (IDR) is driven by and is at the same level as its Viability Rating (VR). The ratings reflect a developing business model, which requires fast growth to become profitable, relatively stable retail, but confidence- sensitive wholesale funding, satisfactory capitalisation and good asset quality. Challenges to Business Model: Metro Bank's business model as a high-growth, branch- intensive challenger bank focusing mainly on real estate backed lending (retail and buy-to-let mortgages, and commercial loans) is under pressure from setbacks to its growth, profitability and capital plans. A record of building market share in coveted personal and current accounts was interrupted by deposit volatility due to negative news in 2019. Variable Execution: The bank has had to revise several targets, including lowering its expected growth and profitability, delaying expectations for receiving advanced internal ratings-based (AIRB) approach...

  
Report Type:

Full Rating Report

Company(ies)
Issuer
Metro Bank Plc
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MLA:
Fitch Research. "Metro Bank Plc" Nov 13, 2019. Alacra Store. Dec 09, 2019. <http://www.alacrastore.com/fitch-credit-research/Metro-Bank-Plc-RPT_10099790>
  
APA:
Fitch Research. (2019). Metro Bank Plc Nov 13, 2019. New York, NY: Alacra Store. Retrieved Dec 09, 2019 from <http://www.alacrastore.com/fitch-credit-research/Metro-Bank-Plc-RPT_10099790>
  
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