NATWEST GROUP (NWG)

Sector:

Banking

Index:

FTSE 100

328.40p
   
  • Change Today:
    -10.80p
  • 52 Week High: 371.40
  • 52 Week Low: 176.15
  • Currency: UK Pounds
  • Shares Issued: 8,594m
  • Volume: 12,747,436
  • Market Cap: £28,224m
  • RiskGrade: 62

Metro Bank sells residential mortgages to NatWest

By Alexander Bueso

Date: Friday 26 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Metro Bank inked a deal to sell a portfolio of residential mortgages to NatWest Group.
The portfolio, which had a book value of £2.5bn, was sold for £2.4bn in cash.

Metro said that the transaction would contribute to repositioning its balance sheet, rotating towards higher yielding commercial, corporate, SME lending and specialist mortgages.

"The sale of part of our residential mortgage portfolio is earnings, NIM and capital ratio accretive," Metro boss Daniel Frumkin said.

"[...] The additional lending capacity provided by this sale will enable us to continue our shift into high yielding assets in niche and underserved markets and become a specialist lender of choice."

Risk weighted assets were expected to reduce by roughly £824m, while the lender's 31 December 2023 total capital plus MREL ratio would get a 114 basis point boost to reach 23.1%.

As of 0835 BST, shares of Metro Bank were rising by 5.28% to 39.85p.

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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 328.40p
Change Today -10.80p
% Change -3.18 %
52 Week High 371.40
52 Week Low 176.15
Volume 12,747,436
Shares Issued 8,594m
Market Cap £28,224m
RiskGrade 62

RBS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.47% above the market average90.47% above the market average90.47% above the market average90.47% above the market average90.47% above the market average
88.24% below the sector average88.24% below the sector average88.24% below the sector average88.24% below the sector average88.24% below the sector average
Price Trend
84.89% above the market average84.89% above the market average84.89% above the market average84.89% above the market average84.89% above the market average
52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average
Income
93.27% above the market average93.27% above the market average93.27% above the market average93.27% above the market average93.27% above the market average
46.67% below the sector average46.67% below the sector average46.67% below the sector average46.67% below the sector average46.67% below the sector average
Growth
76.72% above the market average76.72% above the market average76.72% above the market average76.72% above the market average76.72% above the market average
17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average

What The Brokers Say

Strong Buy 6
Buy 5
Neutral 4
Sell 1
Strong Sell 1
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RBS Dividends

  Latest Previous
  Interim Final
Ex-Div 08-Aug-24 14-Mar-24
Paid 13-Sep-24 29-Apr-24
Amount 6.00p 11.50p

Trades for 06-Sep-2024

Time Volume / Share Price
16:49 282,575 @ 329.75p
16:36 87,606 @ 328.40p
16:35 13,514 @ 328.40p
16:35 5,964,979 @ 328.40p
16:35 1 @ 328.40p

RBS Key Personnel

CEO Paul Thwaite
Chair Richard Haythornthwait

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