Metro Bank has been seeking buyers for a £3bn slice of its mortgage book as it looks to shore up its balance sheet, Sky News reports.
The challenger bank has, according to Sky News, been actively approaching potential buyers as part of a wider capital raising exercise.
Sky News understands that lenders approached to buy the book include Lloyds Banking Group and NatWest Group.
However, it is unclear if either lender is interested in acquiring the book or what price they would be willing to pay.
In a statement Metro Bank to;d Sky News: “The company is evaluating the merits of a range of options, including a combination of equity issuance, debt issuance and/or refinancing and asset sales.
“No decision has been made on whether to proceed with any of these options.”
Metro Bank has about 2.7 million customers and became the first new high street lender to open in over 100 years when it launched in 2010.
