nice - deal news hitting the morning wires21 Dec 2020 07:42
"NatWest has entered into an agreement with Metro Bank to acquire a £3bn portfolio of prime UK mortgages, it announced on Monday. The FTSE 100 bank said the portfolio consisted of owner-occupied residential mortgages, with a weighted average current loan-to-value of about 60%. It said the purchase price of £3.1bn represented a 2.7% premium on gross book value, with the impact of the transaction, based on NatWest's CET1 ratio on 30 September, equating to a reduction of around 15 basis points."