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NatWest returns to profit, restores dividend

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7am: NatWest (RBS)

NatWest, parent of Royal Bank of Scotland, has announced a return to profitability and a restoration of its dividend.

The bank posted a first half operating profit before tax of  £2.5bn (£1.6bn in Q2) against a loss of £770m at H1 2020.

Attributable profit came in at £1.8bn (£1.2bn in Q2) against a loss of £705m in the first half last year.

The bank declared an interim dividend of 3p per share and a share buyback of up to £750m.

Full story here


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