(Reuters) - British lender Metro Bank's total loans were 17% lower than a year earlier, its first-half results showed on Wednesday, but it said it expects total net loans to improve through the year as the economy comes out of lockdowns.
The company reported a pretax loss of 138.9 million pounds ($193 million) for the six months to June, compared to a loss of 240.6 million pounds a year earlier when it took hefty pandemic-linked costs. Total loans stood at 12.33 billion pounds.
($1 = 0.7209 pounds)
(Reporting by Muvija M in Bengaluru; editing by John O’Donnell)
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