Metro Bank blames coronavirus as bank posts steep loss

Metro Bank customers who were charged without warning could receive a payout: Press Association Images/Press Association Images

Metro Bank today said coronavirus had impacted its financial performance as the bank reported a steep loss for the half year to June.

The bank swung to a loss of £183.4 million, down from a £13.6 milion profit this time last year.

The losses come as Metro Bank tries to turn itself around after a difficult few years.

Daniel Frumkin, Chief Executive Officer at Metro Bank, said: "We entered 2020 at the start of our transformation journey, and while the pandemic has weighed heavily on our financial performance, we've made early progress delivering against the strategic priorities set out in February."