Metro was forced to raise £375m from shareholders in May after concerns about the lender's financial health emerged in the wake of an accounting error.
The company said it expects deposits to stabilise and return to normal levels of around £15.7bn by the end of 2019. In further efforts to return its loan to deposit ratio to a healthier level, the bank reiterated that it planned to sell a loan portfolio valued at £521m., is expected to see the lender offload a mortgage portfolio back to Cerberus Capital Management.The sale would, according to Metro's financial statement, help the bank gradually manage its loan to deposit ratio back towards a medium-term target range of 85% to 90%.
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