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UK’s Metro Bank targets tripling of return on tangible equity in 18 months

By Thomson Reuters Mar 4, 2026 | 1:33 AM

March 4 (Reuters) – Metro Bank forecast on ​Wednesday that ‌its return on tangible equity will more ‌than ​double ⁠from current ⁠levels over the next 6 months and ​nearly triple over 18 ⁠months, ⁠driven by ​its turnaround strategy ​and ongoing cost-control ‌steps.

The British lender expects to deliver ⁠a return on tangible equity of ⁠18% ‌or greater ⁠for 2028.

(Reporting ​by ‌Rishab Shaju ​and ⁠Sri Hari N S in Bengaluru; Editing by Rashmi ​Aich)