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 Sept. 30. The shares were last down 1%.
Last month, Metro secured 325 million pounds ($400.3 million) in a capital raise and a 600 million pound debt refinancing after urgent talks to bolster its balance sheet.
Deposits as of Sept. 30 stood at 15.61 billion pounds, compared with 16.37 billion pounds 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.
($1 = 0.8120 pounds)
