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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe and Kalyeena Makortoff

Metro Bank agrees rescue deal with investors

Metro Metro Bank NatWest Bank of England England JP Morgan PRA Shawbrook EY JP Morgan Chase
Signage outside a branch of Metro Bank in London
The equity raise will be led by Metro Bank’s largest shareholder, the Colombian billionaire Jaime Gilinski Bacal’s Spaldy Investments. Photograph: Daniel Leal/AFP/Getty

The embattled high street lender Metro Bank has agreed a rescue deal with investors to shore up its balance sheet after a weekend of negotiations.

The bank announced late on Sunday that it had secured a £925m package. That consisted of a £325m capital raise, including £150m of new equity from shareholders, and £600m of debt refinancing.

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