NatWest slides into red on £2 billion virus hit


British banking giant NatWest, formerly known as Royal Bank of Scotland, posts a second-quarter net loss after taking a £2 billion hit from coronavirus. – EPA pic, July 31, 2020.

BRITISH banking giant NatWest, formerly known as Royal Bank of Scotland, today posted a second-quarter net loss after taking a £2 billion (RM11 billion) hit from coronavirus.

NatWest said in a results statement that it suffered a loss after taxation of £993 million in the three months to June compared with net profit of £1.3 billion a year earlier.


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