Metro Bank has today posted a 5% drop in deposits in the third quarter, although the struggling British lender said that the increase in outflows seen before its capital injection had now returned to "more normal ranges."
Shares in Britain's best-known challenger bank fell as much as 6% to 40 pence in morning trading after it also reported a "modest statutory profit after tax" for the three months ended September 30.
Last month, Metro secured €325m in a capital raise and a £600m debt refinancing after urgent talks to bolster its balance sheet.
The deal, which received the requisite support from bondholders, hands majority shareholder control to its biggest investor - Colombian billionaire Jaime Gilinski.
It would entail a hit for bondholders, who would then switch into higher interest-paying bonds.
The bank said its deposits as of September 30 stood at £15.61 billion, compared with £16.37 billion a year earlier.
"Lending reflects continued controlled asset origination and as such capital resources were broadly flat relative to 30 June levels," the company said in a statement.
