Metro Bank issued a trading update in advance of its full year results, which will be announced on 27th February 2019. The reason being that the bank needed to set aside additional capital against a portion of its commercial loan book. Metro Bank have confirmed there is no suggestion that the loans are underperforming in any way but the move to increase capital is in order to meet regulatory requirements.
This statement can be found here https://www.metrobankonline.co.uk/about-us/press-releases/news/metro-bank-announces-fy-2018-results-preview-and-trading-update/
You can also listen to a recording of a telephone call held on the morning of 24th January 2019 with Craig Donaldson (CEO) and David Arden (CFO) with some of their existing shareholders and analysts. The call provides clarity on the trading announcement, and the Q&A after will no doubt provide you with answers to any questions you may have.
To listen to the call, please dial Dial: +44 333 300 0819 and enter the PIN: 301277227#
Should you have any further questions please do not hesitate to contact us or speak to your financial adviser.
Information about financial services compensation limits for banking products can be found at https://www.fscs.org.uk/what-we-cover