Metro Bank expects to reach monthly breakeven in Q1 2023
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July 28 (Reuters) - 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 ended June 30, as compared with a loss of 139 million pounds last year.
($1 = 0.8213 pounds) (Reporting by Sinchita Mitra in Bengaluru; Editing by Sherry Jacob-Phillips)
