The group posted a strong set of results characterised not only by a full normalisation of the cost of risk, but also by net interest margin resilience and uninterrupted efficiency gains. Unfortunately, while the management is committed to resuming dividend payments as soon as possible, it seems that the State’s presence prevents it doing this on an accelerated basis, thus delaying the return of excess capital.
30 Oct 2020
Encouraging set of results but excess capital remains trapped
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Encouraging set of results but excess capital remains trapped
NatWest Group Plc (NWG:LON) | 276 8.3 1.1% | Mkt Cap: 24,043m
- Published:
30 Oct 2020 -
Author:
David Grinsztajn -
Pages:
2
The group posted a strong set of results characterised not only by a full normalisation of the cost of risk, but also by net interest margin resilience and uninterrupted efficiency gains. Unfortunately, while the management is committed to resuming dividend payments as soon as possible, it seems that the State’s presence prevents it doing this on an accelerated basis, thus delaying the return of excess capital.