Metro Bank's Profit Surge on Small Business Lending

Metro Banks profit surges to £98M, marking a 15-year high, as focus shifts to small business lending. New lending to SMEs soars 67%, driving turnover up 16% to £585M. Shares jump 7% on news, rewarding investors with a 40% rise over the past year. Operating costs drop 7%, beating targets, and Metro aims to triple return on tangible equity in 18 months. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2eeaacc800ddd8c1