By The Venture Focal | Summary based on original reporting by Reuters (20 June 2025)
Colombian billionaire Jaime Gilinski Bacal, who holds a 52.9% stake in Metro Bank through Spaldy Investments, is reportedly open to selling his shareholding, according to sources close to the matter. His potential exit comes amid a sharp rebound in Metro’s fortunes following a major £325 million recapitalisation deal in late 2023 that stabilised the bank.
Private equity firms including Pollen Street Capital and BC Partners are said to have expressed interest in a takeover, though talks failed due to valuation disagreements and resistance from the board. The idea of a merger with another challenger lender, such as Shawbrook, also remains in the mix.
Following its turnaround, Metro’s share price has surged roughly 140% since October 2023. However, the stock still trades far below its 2018 highs. The bank has returned to profitability and expects improved returns on tangible equity throughout 2025, fuelled in part by investments in higher-yielding government bonds. The future trajectory could also be shaped by evolving UK regulatory reforms aimed at adjusting capital buffers for mid-sized lenders.
"There were opportunities to grow the bank," a source familiar with Gilinski’s position told Reuters.
Our Take
Metro Bank looks like it’s finally stabilised—and now its largest backer may be ready to cash out. This could unlock new strategic moves, whether through fresh ownership, a merger, or renewed investor interest in the challenger bank space. If regulatory reforms land at the right moment, Metro could become a mid-tier comeback story.
Original Source:
Reuters, 20 June 2025
Original article by Reuters reporting team: https://www.reuters.com/business/finance/metros-biggest-shareholder-open-selling-stake-sources-say-2025-06-20/
