Metro Bank of Britain Sells £584 Million Unsecured Personal Loan Portfolio

On Wednesday, British lender Metro Bank announced the signing of an agreement to sell a portfolio of approximately 584 million pounds ($738.88 million) of unsecured personal loans. The bank spokesperson declined to reveal the buyer of the portfolio. Metro Bank anticipates a gain of around 11 million pounds from the transaction. (1 USD = 0.7904 GBP)