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NatWest Bank reported a 20% rise in operating profit and confirmed Paul Thwaite as chief executive on a permanent basis. The bank on Friday said 2023 operating profit came in at £6.1bn. Total income rose to £14.7bn, up from £13.1bn a year earlier.
TBC Bank Group reported significant increases in net interest income, of 26.8%, and net fee and commission income, of 27.8%, in its full-year results on Friday, leading to total operating income of GEL 2.37bn (£0.71bn), up 14.6%. Despite a 36% increase in its total credit loss allowance and a 24.2% rise in operating expenses, the bank still achieved a profit before tax of GEL 1.33bn, up 7%. After a 20.3% fall in income tax expenses, the bank reported a profit for the period of GEL 1.14bn, up 13.6% year-on-year.
could metro increase it's net interest income also ?
dyor
Morning all
Am a new and novice investor who's been following Metro and the commentary on this chat board for a while now.
Decided to take a punt after I made a tidy sum, more by luck than an astute understanding of the market, following the sale of DX Group.
Without any hesitation I will add that the PIs on the DX Group chat were absolutely fantastic for bearing up with my beyond amateurish questions at times.
Notwithstanding DX Group's shenanigans with Corporate Governance and other issues, I learned an enormous amount from the contributors on that chat.
Onwards, upwards & GLA
Bought two lots at 35p .. cleared one lot for the next low.
Will this donkey ever recover LOL
46 now (L2 data) ;) agree we need news - we have bounced from Friday which is a positive, when I said resistance @ 39 I was talking about recent trends through Jan, however I did think we had solid support a@ 34-5 but that didn't workout, maybe I am being too optimistic.
12.15 & only 38 trades Metro needs some News to breakout
Residence @ 39ish -
We can't break 35p & hold as yet & even at the lows Friday shorter still here
It looks like we hit the bottom on Friday, will hopefully break out now but a lot of residence @ 39ish - good luck to all.
[Metro Bank to create 25 jobs with new Chester branch opening]
That seems like a lot 25 @ a branch.
It is the A seller that is doing most of the damage on SP who ever has the sell side of that A program
I Agree with tuan6 post.
They're doing their damn best and are still being looked at as if it was third world bank company.
What bothered me more as of lately, is the persons that go on Facebook spreading fake rumours that customers deposits were not insured.
Metro bank is back in business as usual and putting their blue and white logo marks across the UK opening branches where others like Santander and many other banks are closing behind.
Look at what's happening with Santander and Nationwide.
Nationwide as a building society has the most branches out there, whilst I believe that soon Metro Bank would be the one with the most bank branches. Let's see
MMtro sign more customers this year with cutting cost. New fund on place and bad thing sorted out so it is safe to buy more as it is going from now. It will slowly come back as at moment only bad thing Media talking about Mtro share . Next month when they public full years result we should see positive forward Mtro share as this is the first time they make profit after many year losing money. Rhat is turning points and growing from now.
"who is selling?" My own view, looking at the list of shorts and connections, is that purchaser of Metro share rights issue at 30p or whatever .... with upfront knowledge of the transaction put in place a quiet short to hedge for losses thus recouping their investment .... it's what I would do on the quiet - were I so wealthy. All in my opinion of course.
As they *can't hack watching a paper loss and fear a worser paper loss and therefore sell out for only for the stock to rebound once the market makers have 'balanced' their books.
Them that don't want to lose money or any more money?
Hi giro121,
If you look around, most if not all bank stocks and mostly regional banks stocks here in the UK, Europe and Usa have had a red week with non-stop falling share prices.
Although, I was expecting to see 33 to 34p again, I was not expecting to see 32 to 33p share price ranges. It's very much to do with the metro bank Market makers bookmakers by creating a market for 'stubborn' undecided punters who want a real bargain and bag themselves the Real Deal.
Unfortunately, its what normally happens when a share remains stagnant for too long. It brings fresh money in whilst it relies on the weak hands dumping their investments at a loss as they can hack watching a paper loss and fear a worser paper loss.
Like they have said they would and we still down every day this week, who is selling?
Nationwide also said:
City sources said that a second TV ad from Nationwide would air in the coming days that would be "even more pointed" in highlighting the suggestion that banks have little regard for their customers.
British banks have closed thousands of branches in recent years amid declining usage among customers, but Nationwide - the country's biggest building society - has pledged to keep its network intact.
"The complainant argues that the ad is misleading around other banks closing branches, and discredits and denigrates its competitors."
Santander and Nationwide both declined to comment.
Tesco just sold there book for 600mil +
Metro did not sell there mortgage book which should be a good thing i hope
anyway @ 200 odd mil market cap is worth a punt
5th February 2024
[Metro Bank to create 25 jobs with new Chester branch opening]
Struggling high street lender Metro Bank has been given the green light to open a new Chester city centre branch, creating 25 jobs. The bank will be based on Foregate Street in the units vacated by retailers H Samuel, on the corner of Frodsham Street, and Warren James.
Metro Bank has a longstanding interest in the site having previously secured planning consent back in 2019. But its plans never materialised due to the Covid pandemic.
The UK lender says it is "bucking the trend" by opening new sites at a time when competitors are doing the opposite. However, the bank - set up in 2010 as a "challenger" to the regular banks - had to strike a rescue deal with investors to secure its future in October last year.
Full free article here:
https://www.cheshire-live.co.uk/news/chester-cheshire-news/metro-bank-create-25-jobs-28574026
8th February 2024 Business(SkyNews)
Also, Santander goes to war over Nationwide attack on high street banks. The Spanish-owned lender has filed a formal complaint with the ASA over a Nationwide TV ad featuring the actor Dominic West, Sky News learns.
Nationwide has continued keeping a high street presence whilst many other banks like Santander ect. ect. have gone online and closed down their branches. That puts Metro Bank in a perfect position to grab former commercial property belonging to other banks and open Metro branches instead.
https://news.sky.com/story/santander-goes-to-war-over-nationwide-attack-on-high-street-banks-13066717
I'm a new investor in this Metro stock.
Here is the full web link
https://www.prweek.com/article/1860453/metro-bank-cuts-comms-team.
6th February 2024
[Metro Bank cuts comms team]
Imho, they're definitely delivering on their promises and reducing their workforce to save money.
by Siobhan Holt at PRWEEK
High-street lender Metro Bank UK has reduced its comms team as part of a cost-cutting plan that involves lowering its total headcount by 20 per cent.
Tina Coates, director of corporate affairs and a member of the executive committee at Metro Bank UK, has left the retail and commercial bank after seven years, alongside John Battersby, head of public affairs and ESG, who worked there for more than two years. The UK comms team has been reduced from 10 staff members to a total of eight. As part of the changes, external communications, including public affairs, will now be handled by Mona Patel, while internal communications will be led by Georgina Panting. In October last year, Metro Bank announced it would cut about £30m of costs a year from 2025 as part of a £325m rescue deal from its investors.
Read the full free article here.
You need to copy and paste the link below adjusting the link as I'm a new member and cannot yet post web links.
https://www. prweek .com/article/1860453/metro-bank-cuts-comms-team
"Morningstar maintains a 3-star quantitative star rating for Metro Bank Holdings, derived from the
firm's valuation and uncertainty scores. The company's shares last closed at 0.33, below our quantitative fair value estimate of 0.83. These shares have traded between a 62.37% and 28.6% discount to their fair value estimate over the past
year. "
83p.
A few hundred million from the last funding round?
Morningstar has book value at 6p??????? morningstar.com/stocks/xlon/mtro/quote
Metro Bank is in a very position now in regards to capital. However they have a sentiment issue and the next update is the FY 2023 Results to be announced on 13 March 2024.