NatWest Group PLC (XAMS:RBS)
€ 4.93 0 (0%) Market Cap: 56.60 Bil Enterprise Value: -62.56 Bil PE Ratio: 7.62 PB Ratio: 0.85 GF Score: 65/100

Half Year 2021 Natwest Group PLC Earnings Call Transcript

Jul 30, 2021 / 08:00AM GMT
Unidentified Company Representative

Welcome, everyone. Today's presentation will be hosted by Chairman, Howard Davies; CEO, Alison Rose; and CFO, Katie Murray. After the presentation, we will open up for questions.

Alison Marie Rose;Slade
NatWest Group plc - Group CEO & Executive Director

Good morning, and thank you for joining us today. As usual, I'll start with an update on our strategic priorities before handing over to Katie to take us through the first half results. We'll then take your questions.

So starting with the headlines. We are reporting operating profit of GBP 2.5 billion compared to a loss of GBP 0.8 billion in the first half last year. This includes an impairment release of GBP 707 million as a result of an improvement in underlying credit metrics. Most of this release was made in the second quarter when we updated our economic assumptions in light of a more favorable economic outlook. And this results in an attributable profit of GBP 1.8 billion.

We continue to make good progress against our targets. Net

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot