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Metro Bank's accounting error at the beginning of the Bank of England



An error occurred in Metro Bank in the loan book, the Bank of England's regulators found the risk, it was not part of a regular review of previous years.

The BoE Regulation Regulatory Authority, supervising large banks and insurances, has reported the potential for irregularities in some parts of the loan book, depending on the state of the information. Notifications required a much wider internal review, which found the complete integrity of the errors.

PRA news report has been reported by Daily Mail. Metro Bank did not comment on the request in response to the publication

Metro said last month that commercial property and professional purchases of property were poorly classified as risky for its assets, because capital was not as good as it was.

The news, once one year's earnings were lower than forecast, was one of the biggest drops in the British bank due to the British bank's financial crisis in the British bank.

The bank's shares lasted slightly a little until the end of last week, but the other Friday morning fell 7.6 percent, up to £ 16.50.


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