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NWG Natwest Group Plc

289.80
3.90 (1.36%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Natwest Group Plc LSE:NWG London Ordinary Share GB00BM8PJY71 ORD 107.69P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.90 1.36% 289.80 289.40 289.60 290.80 285.00 288.00 48,744,496 16:35:28
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 14.77B 4.64B 0.5271 5.49 25.46B

RBS Says Full-Year Impairments to Beat Guidance

30/09/2014 7:53am

Dow Jones News


Natwest (LSE:NWG)
Historical Stock Chart


From Apr 2019 to Apr 2024

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By Ian Walker 

LONDON--- Royal Bank of Scotland Group PLC said Tuesday that full-year impairments would be lower than expected as it continues to see an improvement in economic conditions and asset prices in its key markets, including Ireland.

The 80% government-owned bank said it now expects to "significantly outperform" its previous guidance of around GBP1 billion total impairments for 2014, without giving new figures.

RBS also cited a strong operating performance from its RBS Capital Resolution unit, lower arrears in Ulster and an absence of large one-off impairments and lower levels of new nonperforming loans for its upbeat update.

However, the bank did note that revenues at its Corporate & Institutional Banking unit had been weaker than anticipated in the third quarter.

Write to Ian Walker at ian.walker@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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