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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

UK government in line for £1bn payout from NatWest Group stake

NatWest NatWest Group United Kingdom
NatWest in Bishopsgate, London
NatWest’s profits fell 5% to £1.4bn between April and June, down from £1.5bn a year earlier. Photograph: Matt Crossick/PA

The UK government is in line for a £1bn payout from its near-50% stake in NatWest Group despite a dip in the bank’s second-quarter profits and “uncertainty” over the UK’s economic outlook.

NatWest revealed on Friday it was poised to issue dividends worth 20.3p a share, after reporting “strong growth” in lending and deposits across the business, thanks in part to rising interest rates that meant it could charge borrowers more for loans and mortgages.

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