NatWest FY20 Loss on High Provision Levels; Phased Exit From Republic of Ireland
NatWest Group plc (NatWest or the Group) reported a loss after tax of GBP 20 million in Q4 2020, compared to a gain of GBP 1.5 billion in Q4 2019. In FY20, the loss was GBP 434 million (vs. gain of GBP 3.8 billion, which included about GBP 2.1 billion of notable one-off items in FY19 as the pressure from the pandemic on revenues materialised through lower fee and commission income as well as high loan loss provisions. The loss attributable to ordinary shareholders was GBP 109 million in Q42020, and, in FY20, it was a loss attributable to ordinary shareholders of GBP 753 million.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.