Metro Bank said today it returned to profit in September by keeping a tight rein on costs.
It also said that so far it has seen no sign of increased stress among its customers as Britain grapples with higher interest rates and an escalating cost of living crisis.
The bank set aside a £10m provision in case of losses on loans, and it expects its net interest margin to continue to increase through 2023 as interest rates climb.
"There has been no deterioration in early warning indicators and no signs of stress or increased delinquency across the customer base," the bank said in third quarter trading update.
