Business Live with Ian King: Metro Bank raises £925m through debt and funding

Watch Business Live with Ian King as Metro Bank has agreed a financing deal, strengthening its troubled balance sheet, following Sky News reports it was seeking the funding.

Nearly £1bn (£925m) has been raised by Metro Bank, which has 2.7 million customer accounts, making it one of the 10 largest banks in Britain.

In a statement the lender said it raised £325m in new funding and refinanced £600m of debt.

The largest shareholder, Spaldy Investments, an investment firm owned by a Colombian billionaire, is contributing £102m.

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