07/31/2020 | News release | Distributed by Public on 07/31/2020 00:07
Our headline numbers:
- Operating profit before impairment loss of £2.1bn
- Operating loss before tax £770m
- Net impairment loss £2,858m in H1 2020,
- Common Equity Tier 1 capital ratio of 17.2%
For a full picture of the numbers you can go to our Results Centre.
Alison Rose, Chief Executive Officer, commented:
'Our performance in the first half of the year has been significantly impacted by the challenges and uncertainty our economy continues to face as a result of Covid-19. However, NatWest Group has a robust capital position, underpinned by a resilient, capital generative and well diversified business.
Throughout this crisis we have provided exceptional levels of support to our customers, colleagues and the communities we serve. I am proud that our colleagues have consistently shown they are putting our purpose at the heart of everything they do.
Through our strong balance sheet and prudent approach to risk, we are well placed not only to withstand Covid-19 related impacts but also to provide the right support to those who will need it most in the tough times to come.
Our purposeful strategy will help our customers, colleagues and communities to recover, rebuild and, ultimately, to thrive. We are building a sustainable business that will generate lasting value for all our stakeholders, as we work together to create a greener, fairer and more inclusive economy.'
We've been helping our colleagues and customers through the impacts of Covid-19
We've provided lending support to our customers with a disciplined approach to risk and value creation:
We've supported the financial health of our customers:
Our long-term investment plan is powering our operational effectiveness:
We've partnered to proactively respond and support UK communities:
We've prioritised the wellbeing of our colleagues;
Find out more about our support to customers through CV 19
(1) Inclusive of Commercial Banking and Private Banking: Bounce Back Loan Scheme (BBLS) - £6.1 billion; Coronavirus Business Interruption Loan Scheme
(CBILS) - £3.3 billion; Coronavirus Large Business Interruption Loan Scheme (CLBILS) - £0.7 billion.
(2) As at 30 June 2020.
(3) As at 3 April 2020.