Britain’s Metro Bank (MTRO.L), opens new tab is selling its portfolio of prime residential mortgages to NatWest Group (NWG.L), opens new tab for up to 2.4 billion pounds ($3.1 billion) in cash, it said on Friday.
The sale is expected to reduce Metro’s risk-weighted assets by approximately 824 million pounds, leading to an improvement in the British lender’s Common Equity Tier 1 (CET1) ratio of about five basis points, its statement said.
Source: REUTER
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