(Reuters) -British lender Metro Bank on Wednesday said it has signed an agreement to sell a portfolio of about 584 million pounds ($738.88 million) of unsecured personal loans. A spokesperson of the
Metro Bank Agrees to Sell £584 Million Unsecured Loan Portfolio
(Reuters) -British lender Metro Bank on Wednesday said it has signed an agreement to sell a portfolio of about 584 million pounds ($738.88 million) of unsecured personal loans.
A spokesperson of the bank declined to comment on who had bought the portfolio.
The transaction is expected to result in a gain of about 11 million pounds, Metro Bank said.
($1 = 0.7904 pounds)
(Reporting by Chandini Monnappa, Iain Withers and Yamini Kalia; Editing by Varun H K)
