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NWG Natwest Group Plc

304.80
1.30 (0.43%)
01 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
  1.30 0.43% 304.80 304.00 304.10 307.80 303.00 305.20 28,201,198 16:35:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 14.77B 4.64B 0.5271 5.77 26.74B

Metro Bank Sells $4.25 Billion Mortgage Portfolio to NatWest

18/12/2020 7:11pm

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By Matteo Castia

 

Metro Bank PLC said Friday that it sold a mortgage portfolio to NatWest Group PLC for 3.13 billion pounds ($4.25 billion).

The bank said the portfolio consists of primarily repayment mortgages with an average remaining fixed-rate term of circa two and half years.

"The transaction is in line with Metro Bank's strategy to enhance risk-adjusted returns on capital through the ongoing focus on balance sheet optimization," the company said.

 

Write to Matteo Castia at matteo.castia@dowjones.com

 

(END) Dow Jones Newswires

December 18, 2020 13:56 ET (18:56 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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