NatWest Group Says Making Good Progress on Its Strategy
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
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
Write to Ian Walker at email@example.com
(END) Dow Jones Newswires
April 21, 2021 09:47 ET (13:47 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.