NATWEST GROUP PLC ORD 100P (NWG)

Sector:

Banking

Index:

FTSE 100

220.50p
   
  • Change Today:
    -0.20p
  • 52 Week High: 221.60p
  • 52 Week Low: 104.75p
  • Currency: UK Pounds
  • Shares Issued: 11,452m
  • Volume: 2,651,044
  • Market Cap: £25,253m
  • RiskGrade: 62

NatWest to take minority stake in Irish lender PTSB

By Michele Maatouk

Date: Friday 23 Jul 2021

LONDON (ShareCast) - (Sharecast News) - NatWest will take a minority stake in Permanent TSB Group (PTSB) in a potential deal to sell €7.6bn of assets to the Irish lender.
According to a statement by PTSB, the banks have signed a non-binding memorandum of understanding to work on an agreement that would see the Irish bank take over much of NatWest's Ulster Bank Ireland unit. This would include some performing mortgages and micro-SME loans, as well as the Lombard Asset Finance business and 25 Ulster Bank branches.

"As part of the consideration for the perimeter transferring to Permanent TSB, NatWest will become a shareholder with up to 20% of the enlarged share capital of PTSB Holdings, together with PTSB Holdings paying NatWest an additional cash consideration," PTSB said.

The transaction is expected to be accretive to return on tangible equity and PTSB would maintain a long-term pro forma management CET1 Ratio of more than 14%.

PTSB chief executive Eamonn Crowley CEO said: "This potential transaction complements our growth strategy and will accelerate the delivery of Permanent TSB's ambition of becoming Ireland's best personal and small business bank.

"We see this as a once in a generation opportunity to fast-track the growth of an Irish bank with a strong community and customer service ethos that has evolved over its 200-year history. It also supports the investments we are making in the transformation of our in-branch and digital banking services."

Crowley said that while there is still "significant" work to be done to agree legally binding agreements later this year, the bank is optimistic it can work with all parties to create an enlarged Permanent TSB "with an increased national footprint that will provide enhanced products and services to our present and future customers".

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RBS Market Data

Currency UK Pounds
Share Price 220.50p
Change Today -0.20p
% Change -0.09 %
52 Week High 221.60p
52 Week Low 104.75p
Volume 2,651,044
Shares Issued 11,452m
Market Cap £25,253m
RiskGrade 62

RBS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.17% above the market average87.17% above the market average87.17% above the market average87.17% above the market average87.17% above the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Price Trend
58.42% above the market average58.42% above the market average58.42% above the market average58.42% above the market average58.42% above the market average
47.37% above the sector average47.37% above the sector average47.37% above the sector average47.37% above the sector average47.37% above the sector average
Income
21.81% below the market average21.81% below the market average21.81% below the market average21.81% below the market average21.81% below the market average
85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average
Growth
24.29% above the market average24.29% above the market average24.29% above the market average24.29% above the market average24.29% above the market average
44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average

What The Brokers Say

Strong Buy 10
Buy 1
Neutral 10
Sell 1
Strong Sell 2
Total 24
buy
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RBS Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Aug-21 25-Mar-21
Paid 17-Sep-21 04-May-21
Amount 3.00p 3.00p

Trades for 28-Sep-2021

Time Volume / Share Price
10:43 386 @ 220.50p
10:43 1,500 @ 220.50p
10:43 3 @ 220.60p
10:43 1,062 @ 220.50p
10:43 7,149 @ 220.50p

RBS Key Personnel

Chair Howard Davies

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