Source: www.reuters.com
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(Reuters) - Metro Bank reported on Wednesday a smaller loss and higher margins for 2021, as the British high-street lender’s turnaround actions bear fruit and the economy recovers from the COVID-19 pandemic’s impact.
The lender said its underlying pretax loss was at 171.3 million pounds ($232.87 million) for the year ended Dec. 31, compared with 271.8 million pounds the prior year, which was hit by large pandemic bad loan provisions.
($1 = 0.7356 pounds)
Reporting by Yadarisa Shabong in Bengaluru; editing by Uttaresh.V
