MADRID, 17 Feb. (EUROPA PRESS) -

NatWest Group, the name of the former Royal Bank of Scotland (RBS), an entity in which the British Government retains a 43.97% stake, achieved an attributable net profit of 3,340 million pounds sterling (3,756 million euros) in 2022, which represents an improvement of 13.2% compared to the result of the previous year, reported the entity, which will carry out a share repurchase plan of up to 800 million pounds (899 million euros).

NatWest's turnover in 2022 reached 13,156 million pounds (14,795 million euros), driven by the 30.6% increase in net interest income, to 9,842 million pounds (11,068 million euros).

Likewise, the entity's CET1 highest quality capital ratio stood at 14.2% at the end of the year, compared to 18.2% at the end of 2021.

Between October and December, the entity obtained an attributable net profit of 1,262 million pounds (1,419 million euros), almost three times more than the 434 million pounds (488 million euros) in the same period of 2021, while the figure of business increased by 42.5%, up to 3,708 million pounds (4,170 million euros).

"NatWest Group performed solidly in 2022 (...) We made considerable progress against our strategic objectives, maintained a well-balanced loan portfolio and distributed significant capital to our shareholders, including the UK Government," he said. Alison Rose, CEO of the bank.

In this sense, the entity has proposed to distribute a final dividend of 10 pence per share, in addition to announcing its intention to start a repurchase program of ordinary shares of up to 800 million pounds in the first half of 2023.