Hogan Lovells advises Metro Bank PLC on sale of £584m unsecured consumer credit loan portfolio

The sale of the Portfolio is in line with Metro Bank’s strategic objective to reposition its balance sheet and enhance risk-adjusted returns on capital. It also creates additional lending capacity, enabling Metro Bank to accelerate its asset rotation towards higher-yielding opportunities in more niche and underserved markets, including commercial, corporate, SME lending, and specialist mortgages.

The cross-practice Hogan Lovells team was led by London Financial Services (and client relationship) partner James Black and Securitization partner Julian Craughan, with support from John Allison (partner, M&A), Stephen Bate (counsel, Capital Markets) and Charles Jemmett (counsel, M&A), Liz Greaves (senior associate, Financial Services), and Blaise Salle (associate, M&A). 

Additional support was provided by associate Dan Park and trainee solicitor Erin Davies on financial regulation matters and trainee solicitor Aphrah Raja (M&A). Co-client relationship partner Dan Simons and senior associate Francesca Parker advised on Listing Rules and related regulatory matters. 

The wider Hogan Lovells team included partner Stefan Martin on employment aspects, partner Nicola Fulford on data protection aspects, and counsel Tom Eyre-Brook on tax aspects.

For more details on the sale, click here.