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4/29, 8:41 AM (Source: TeleTrader)
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NatWest: Total income at £2.66B in Q1, down 16% YoY

NatWest Group plc revealed on Thursday that its total income stood at £2.66 billion in the first quarter of fiscal 2021, decreasing 16% from the same time span the year prior.

Profit reached £713 million in the three months ending with March 31, 2021, marking a jump of 115% from the same trimester last year. Basic earnings per share in the first quarter were 112.5% up year on year, standing at 5.1 pence.

"Defaults remain low as a result of the UK Government support schemes and there are reasons for optimism with the vaccine programmes progressing at pace and restrictions being eased. However, there is continuing uncertainty for our economy and for many of our customers as a result of COVID-19," CEO Alison Rose said in a statement.

Breaking the News / MS