The last 12 months have been good ones for the NatWest share price, up over 40% from the record lows of September 2020, the shares are back at levels last seen in December 2019.
That’s not to say that CEO Alison Rose has had an easy task, building on the changes set in motion by her predecessor Ross McEwan, the bank is still paying the price for legacy issues after taking a charge of £294m in its Q3 numbers, after pleading guilty to three criminal charges of money laundering in October last year.
Nonetheless the last 12 months have seen the bank deliver consistent profits on a quarterly basis.
In the first half of the year the bank saw profits of £1.84bn, with the bank taking the welcome decision to resume the dividend, declaring an interim payment of 3p per share.
Profits have been helped by the adding back of £949m, which was set aside in 2020 in respect of non-performing loans, with reported profits for the 9 months to date at £2.5bn, compared to a £644m loss a year ago.
Today’s Q4 and full year numbers are more good news for the…
