NatWest Returns to Profit in Q3, However 9M Loss Due to Provisions
NatWest Group plc (NatWest or the Group) reported a profit after tax of GBP 148 million in Q3 2020, compared to a loss of GBP 0.9 billion in Q2 2020, and a loss of GBP 209 million in Q3 2019. In 9M 2020, the loss was GBP 414 million (9M 2019: GBP 2.3 billion, reflecting non-recurring gains from strategic disposals of GBP 1 billion in Q2 2019). The profit attributable to ordinary shareholders was GBP 61 million in Q3 2020, and, in 9M 2020, it was a loss attributable to ordinary shareholders of GBP 644 million.
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