NatWest has said it will make a fresh £190m payout to its largest shareholder, the UK government, days after Downing Street triggered the resignation of chief executive Alison Rose amid a row over Nigel Farage’s accounts.
The crisis-hit group said it was planning to pay dividends worth £500m to its investors after another strong quarter in which pre-tax profits rose by a higher than expected 27% to £1.8bn in the three months to June. That was compared with £1.4bn a year earlier, as the bank benefited from rising interest rates that allowed it to charge borrowers more for loans and mortgages.
