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)

Copyright (c) 2021 Dow Jones & Company, Inc.
NatWest (NYSE:NWG)
Historical Stock Chart
From Aug 2021 to Sep 2021 Click Here for more NatWest Charts.
NatWest (NYSE:NWG)
Historical Stock Chart
From Sep 2020 to Sep 2021 Click Here for more NatWest Charts.