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IN BRIEF: NatWest expects GBP56 million charge from tender offer

10th Aug 2022 19:11

NatWest Group PLC - Edinburgh, Scotland-headquartered lender - Estimates GBP56 million charge in third-quarter results following recent tender offer. "After taking into account the estimated effect of taxation, and based on risk weighted assets of GBP179.8 billion as reported for June 30, 2022, this would equate to a reduction in NatWest Group's CET1 capital ratio of approximately 3bps," it says. Says final charge to be dependent on foreign exchange rates. on Tuesday the group said USD3.40 billion of notes were validly tendered in offer.

Current stock price: 257.20 pence

12-month change: up 19%

By Lucy Heming; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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