by Amruth Sundarkumar | Sep 23, 2022 | Banks, Credit Ratings
UK-based lender NatWest Group’s senior unsecured bond ratings were upgraded to A3 from Baa1 with a stable outlook by Moody’s. The rating agency expects NatWest Group’s profitability to improve in the next two years from a low base, with higher revenues despite...
by Amruth Sundarkumar | Jun 2, 2022 | Banks
UK-based lender Natwest is set to receive €5.4bn ($5.7bn) from Allied Irish Banks (AIB) for the acquisition of the former’s Irish mortgage business. With this deal, Natwest will move towards completing its exit from Ireland. A little over a year ago, Natwest...
by Amruth Sundarkumar | Nov 1, 2021 | Banks
Lloyds Bank reported profit after taxes of £1.6bn ($2.2bn), up 2.3x YoY. Net income jumped 20% YoY to £4.1bn ($5.6bn) benefiting from “increased average interest-earning assets”. Banking net interest margins (NIM) stood at 2.55%, up 13bp YoY with its...
by bondevalue | May 12, 2021 | Banks
The UK government sold a £1.1bn ($1.5bn) stake in NatWest Group, which had received an injection of over $63bn during the 2008 financial crisis. The Treasury sold 580mn NatWest shares to undisclosed institutional investors at 190p per share via an accelerated book...
by bondevalue | Mar 17, 2021 | Financial Institution Bonds
National Westminster Bank (NatWest), owned 62.4% by the UK government, faces criminal proceedings as the Financial Conduct Authority charged the lender with anti-money laundering failures. The FCA alleges that NatWest failed to comply with anti-money laundering rules...
