Metro Bank profits rise 34% in H1

Metro Bank UK achieved strong growth in profits for the first half of 2026, with a 34% increase to £60.6 million, supported by expanded lending across key business sectors and restructuring strategies focused on higher-margin loans. This improvement is attributed to the robust performance of the lending portfolio, which experienced growth in targeted sectors, particularly commercial finance and small and medium-sized enterprises (SMEs). The bank expects this to contribute to improved profit margins and return on equity in the second half of the year. Additionally, the bank benefited from the continued rise in interest rates in the UK, which boosted interest income despite economic uncertainty. It also continues to execute a restructuring plan aimed at cost reduction and efficiency improvements, amid intense competition in the lending market.

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