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NWG Natwest Group Plc

323.60
3.60 (1.13%)
14 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Natwest Group Plc LSE:NWG London Ordinary Share GB00BM8PJY71 ORD 107.69P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.60 1.13% 323.60 323.50 323.70 324.70 319.70 320.00 60,484,192 16:29:41
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 14.77B 4.64B 0.5271 6.14 28.46B

Royal Bank Of Scotland Exits UK Government's Asset Protection Scheme

17/10/2012 7:38am

Dow Jones News


Natwest (LSE:NWG)
Historical Stock Chart


From May 2019 to May 2024

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LONDON--Financial services company Royal Bank of Scotland Group PLC (RBS.LN) Wednesday said it has agreed with HM Treasury to exit the U.K. Government's Asset Protection Scheme (APS), effective Oct. 18.

MAIN FACTS:

-Exit comes at the earliest date consistent with the minimum contractual APS fee.

-Has paid 2.5 billion pounds for participation in the APS, without having made a claim, in addition to GBP1.5 billion paid to HM Treasury for liquidity support received during the financial crisis.

-Government agreed to insure GBP282 billion of assets when company entered APS in November 2009; Assets have since fallen to GBP105 billion.

-FSA approval has been received for the exit of APS.

-Continues to discuss with the FSA its capital plans and actions for ensuring a balanced transition to Basel III.

-Has grown U.K. loan book for core retail and corporate customers by 4% overall since 2008.

-Shares on Tuesday closed at 280 pence.

-Write to Tapan Panchal at tapan.panchal@dowjones.com

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