|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||1.3000 - 1.3000|
|52-week range||0.7160 - 2.1300|
|Beta (5Y monthly)||2.69|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The bank has slashed its losses by more than £100 million.
(Reuters) -British lender Metro Bank reported a smaller half-year loss on Wednesday, as it battles to turn around its finances after the pandemic had plunged it deeper into the red. The challenger bank is betting a push into consumer lending will help put it on a better footing, after a turbulent period staring with a major loan book error in 2019. However, Metro's consumer lending tripled and the bank added it expected lending to pick up in the second half following the full reopening of the economy.
Revolut has been valued at $33bn, with UK chancellor Rishi Sunak hailing the company as a 'great British Fintech success'.