off-the-wire

Metro Bank posts narrower annual loss on higher interest rates

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 2 (Reuters) - Metro Bank posted a narrower full-year loss on Thursday after the British mid-sized lender kept a tight rein on costs and benefited from a rise in interest rates.


The company posted an underlying pre-tax loss of 50.6 million pounds ($60.63 million) for the 12-month period ended Dec. 31, compared with a loss of 171.3 million pounds last year. ($1 = 0.8346 pounds)


(Reporting by Sinchita Mitra in Bengaluru; Editing by Sherry Jacob-Phillips)

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