Metro Bank expects to reach monthly breakeven in Q1 2023

British mid-sized lender Metro Bank said on Thursday it expects to reach monthly breakeven in the first quarter of 2023, after reporting a smaller interim loss on Thursday.

The company posted a pre-tax loss of 60 million pounds ($73.06 million) for a six-month period that ended June 30, as compared with a loss of 139 million pounds last year.

($1 = 0.8213 pounds)

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