30 July 2021 | 07:57am
StockMarketWire.com - NatWest Group has reported operating profits before tax of £2.5 billion, compared to an operating loss before tax of £770 million during the same period last year, in its half year results for 2020.
After tax, profits were at £1.8 billion for the half year to 30 June 2021. Income across its UK and Royal Bank of Scotland International retail and commercial businesses dipped 3.3%, and was down at £160 million for the period.
The bank says this reflects “lower yield curve and subdued transactional business activity.”
NatWest Markets income decreased 59.6% from its half year results in 2020 and was down at £492 million.
Alison Rose, CEO, said: ‘We continue to make progress against our strategic targets and to accelerate our digital transformation as we build a bank that is relevant to our customers in every region of the UK and supports them at every stage of their lives.’