The accounting error, disclosed in January, has wiped nearly 90% off the company's share value so far in 2019.

The lender reported an underlying loss before tax of £2.2 million for the three months ended Sept. 30, compared with a profit of £15.1 million a year earlier.

That reflected the impact of steps taken to strengthen the bank's balance sheet, including a one-off charge of 2.5 million pounds following a £521-million portfolio disposal in July.

Earlier on Wednesday, Metro Bank said its founder Vernon Hill has stepped down as chairman two months earlier than planned.

(Reporting by Muvija M in Bengaluru; Editing by Jan Harvey)