A statement by the bank, said: “The company regularly assesses various opportunities in the market and accordingly confirms that it has entered into a period of exclusivity with RateSetter.”
It went on to say that the talks were at an “early stage”.
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RateSetter is a UK-focused P2P lender.
Metro Bank added that the lender’s distribution platform could accelerate its strategy to grow its unsecured consumer lending book.
The statement did, however, state: “There can be no certainty at this stage that a formal agreement will be reached, nor as to the terms of any agreement.”
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