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FY19 AR.pdf

metro-bank-annual-report-2019.pdf
Preview of FY19 AR
🔗 Source: metrobankonline.co.uk
📊 Size: 2.63 MB
📄 Pages: 187 pages
⬇️ Downloads: 109

Summary

Metro Bank's 2019 annual report highlights a challenging year with a statutory loss before tax of £130.8m, compared to a profit of £40.6m in 2018. The bank's underlying loss before tax was £11.7m, down from a profit of £50.0m in 2018. Despite this, the bank increased its customer accounts to over 2.0 million and was ranked top in the Competition and Market Authority survey for personal current account overall quality of service. The bank has launched new strategic priorities focusing on costs, revenue, infrastructure, balance sheet optimization, and internal and external communications. The Chairman's statement acknowledges the challenges faced by the bank and expresses gratitude to investors for their patience, while also announcing changes to the Board composition, including the appointment of a new CEO and Senior Independent Director.

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Description

Metro Bank's 2019 annual report highlights a challenging year with a statutory loss before tax of £130.8m, compared to a profit of £40.6m in 2018.

Technical Information

  • File Format: PDF
  • File Size: 2.63 MB
  • Pages: 187
  • Language: EN
  • Total Downloads: 109
  • Last Updated: 1 month ago

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