Bulletin: NatWest's 2020 Loss And Robust Capital Ratios Reflect Pandemic-Related Stress And Continued Restructuring - S&P Global Ratings’ Credit Research

Bulletin: NatWest's 2020 Loss And Robust Capital Ratios Reflect Pandemic-Related Stress And Continued Restructuring

Bulletin: NatWest's 2020 Loss And Robust Capital Ratios Reflect Pandemic-Related Stress And Continued Restructuring - S&P Global Ratings’ Credit Research
Bulletin: NatWest's 2020 Loss And Robust Capital Ratios Reflect Pandemic-Related Stress And Continued Restructuring
Published Feb 19, 2021
3 pages (1407 words) — Published Feb 19, 2021
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About This Report

  
Abstract:

LONDON (S&P Global Ratings) Feb. 19, 2021--S&P Global Ratings said today that NatWest Group plc's (BBB/Negative/A-2) 2020 results illustrate the difficult operating environment and the bank's prolonged restructuring process. NatWest today announced a £351 million pretax loss for 2020, reflecting elevated impairment charges and revenue pressures triggered by the COVID-19-induced economic stress. The result also included £1.0 billion of strategic costs, as NatWest repositions its business model for stronger medium-term profitability. The 88 basis points (bps) loan impairment charge for 2020 was concentrated in the first half of the year, and NatWest was modestly profitable in the second half as the economic outlook began to stabilize. NatWest anticipates that its 2021 impairment charge will be in line with or below

  
Report Type:

Bulletin

Ticker
RBS@LN
Issuer
NatWest Group PLC
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
United Kingdom
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: NatWest's 2020 Loss And Robust Capital Ratios Reflect Pandemic-Related Stress And Continued Restructuring" Feb 19, 2021. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-NatWest-s-2020-Loss-And-Robust-Capital-Ratios-Reflect-Pandemic-Related-Stress-And-Continued-Restructuring-2597524>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: NatWest's 2020 Loss And Robust Capital Ratios Reflect Pandemic-Related Stress And Continued Restructuring Feb 19, 2021. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-NatWest-s-2020-Loss-And-Robust-Capital-Ratios-Reflect-Pandemic-Related-Stress-And-Continued-Restructuring-2597524>
  
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