NatWest Group plc (“NatWest Group”) announces that it has entered into an agreement with Metro Bank plc (“Metro Bank”) to acquire a £2.5 billion portfolio of prime UK residential mortgages, with a weighted average current loan to value of c.62%.
On completion of the transaction NatWest Group expects to welcome around 10,000 customer accounts which will continue to be serviced by Metro Bank, in accordance with current arrangements, following the transfer to NatWest Group
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