Ebene News – GB – Bad debts less than expected, according to NatWest

The banking reporting season continues this morning with NatWest posting full year results The banking group, formerly known as RBS, reported a loss of £ 351million after setting aside 3 £ 2 billion to cover bad debts Lower bad debt charge than the bank expected

Before the write-downs NatWest made a profit of £ 2.89bn Despite the losses, the bank followed Barclays and resumed dividend payments by announcing that it planned to pay a final dividend of 3p per share

Alison Rose, Managing Director, said: “NatWest Group has delivered a resilient underlying performance in a challenging operating environment”

Along with the results, NatWest has confirmed reports that it will withdraw from the Republic of Ireland The group is Ireland’s third largest lender and operates under Ulster Bank

Ulster Bank, NatWest, Ireland, NatWest Group, Allied Irish Banks, Finance

Ebene News – GB – Bad debts less than expected, according to NatWest

Source: https://www.thetimes.co.uk/article/bad-debts-less-than-expected-says-natwest-znlwlm5d2