NatWest: Further Rise in the Cost of Risk Results in Q2 2020 Loss
In Q2 2020 NatWest Group plc (NatWest or the Group) generated a loss before tax of GBP 1.3 billion, compared to GBP 519 million profit in Q1 2020 and GBP 1.7 billion profit in the same quarter last year. The loss was driven by a significant increase in the cost of risk and intensification of revenue pressures due to the COVID-19 pandemic. In H1 2020 the loss attributable to ordinary shareholders was GBP 705 million (H1 2019: GBP 2 billion attributable profit).
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