ksgf-website-shows-12

On Air

Red Eye Radio

Mon - Friday: 1:00 AM - 6:00 AM Saturday: 1:00 AM - 5:00 AM

UK’s Metro Bank targets tripling of return on tangible equity in 18 months

UK’s Metro Bank targets tripling of return on tangible equity in 18 months

UK’s Metro Bank targets tripling of return on tangible equity in 18 months

  • Home
  • News Daypop
  • UK’s Metro Bank targets tripling of return on tangible equity in 18 months
1772611525583705nffoaepkrw312279

March 4 (Reuters) – Metro Bank forecast on Wednesday that its return on tangible equity will more than double from current levels over the next 6 months and nearly triple over 18 months, driven by its turnaround strategy and ongoing cost-control steps. 

The British lender expects to deliver a return on tangible equity of 18% or greater for 2028.

(Reporting by Rishab Shaju and Sri Hari N S in Bengaluru; Editing by Rashmi Aich)

Brought to you by www.srnnews.com

Recommended Posts

Loading...