NatWest Swung to 2Q Pretax Profit, Resumes Dividend
30 July 2021 - 4:31PM
Dow Jones News
By Sabela Ojea
NatWest Group PLC on Friday reported a swing to a pretax profit
ahead of market views for the second quarter of 2021 and resumed
its dividend payout to shareholders.
The FTSE 100 listed bank posted a pretax profit of 946 million
pounds ($1.32 billion) compared with a loss of GBP1.29 billion for
the year-earlier period and a profit of GBP1.68 billion for the
same period in 2019.
Pretax profit was expected to reach GBP861 million pounds,
according to the lender's compiled consensus.
Total income declined to GBP2.66 billion from GBP2.68 billion
for the same period in 2020 and GBP4.08 billion in the same period
of 2019. It was expected to be GBP2.63 billion.
NatWest's common equity Tier 1 ratio --a key measure of
balance-sheet strength-- was 18.2%.
The board declared an interim dividend of 3 pence a share.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
July 30, 2021 02:27 ET (06:27 GMT)
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