Metro Bank poised to miss MREL target
After a cancelled bond sale, UK lender is running out of time to raise bail-in capital
Metro Bank is likely to miss the Bank of England’s minimum requirement for own-funds and eligible liabilities (MREL) after cancelling a £200 million bond sale in September.
At the end of last year, the bank reported MREL-eligible capital of £1.4 billion ($1.7 billion) versus total risk-weighted assets (RWAs) of £8.9 billion – a ratio of 15.9%.
This is well short of the BoE’s target of 21.5% for
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