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Metro Bank scales back Capability and Innovation Fund activity, and returns portion of grant to BCR

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Published on: 26 February 2020

Published by LNB News

LNB News 26/02/2020

Document Information

Issue Date: 26 February 2020

Published Date: 26 February 2020

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

Banking Competition Remedies Ltd (BCR) has published an update on Metro Bank and the Pool A Capability and Innovation Fund (CIF). The purpose of the CIF is to encourage eligible bodies to develop and improve their capability to compete with RBS in the provision of banking services to small and medium enterprises (SMEs), and develop and improve the financial products and services which are available to SMEs. Following a strategic review of its business, Metro Bank is returning a portion of the money it received.

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