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The bank’s share price experienced a decline after its September statement, due to uncertainties regarding approval for its internal risk models. Despite these challenges, the bank reported a pre-tax profit of £16.1 million in H1 2021.
Metro Bank, primarily funded by consumer and small business deposits, also has two debt instruments set to mature in 2025 and 2028. The bank is considering the use of the Advanced Internal Ratings-Based (AIRB) method, which could potentially lower regulatory capital requirements.
In November 2021, Willett Advisors LLC held shares of Metro Bank. However, the current status of this holding is not specified in the context provided.
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