By Ian Walker

 

NatWest Group PLC said Wednesday that the bank is making good progress on its strategy, simplifying the business and accelerating its digital transformation.

The FTSE 100-listed bank, which is currently 59.8%-owned by the U.K. government, said that it has strong levels of capital and liquidity.

Speaking to shareholders at a virtual event Chairman Howard Davies said that the board plans to distribute at least 800 million pounds ($1.12 billion) to shareholders each year until 2023 through a combination of ordinary and special dividends.

The virtual event was ahead of the annual general meeting which will be held on April 28.

Shares at 1328 GMT were down 2.15 pence, or 1%, at 191.0 pence.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

April 21, 2021 09:47 ET (13:47 GMT)

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