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Metro Bank completes sale of £3bn residential mortgage portfolio to NatWest Group plc

2nd February 2021

Further to Metro Bank's announcement on 18 December 2020 regarding the sale of a portfolio of owner occupied residential mortgages (the "Portfolio") to NatWest, Metro Bank confirms that the sale completed on 2 February 2021 as expected.

The Portfolio had a gross book value of £3,044m resulting in a total cash consideration of £3,127 million.