Business
NWG plc 2024 Interim Results - Part 2 of 2
NWG plc 2024 Interim Results - Part 2 of 2.
About this update from Natwest Group Plc
[{"type":"text","content":"\n\nCondensed consolidated income statement\nfor the period ended 30 June 2024 (unaudited)\n\n\n\n\n \n\n\n\n\n\nHalf year ended\n\n\n\n\n \n\n\n\n\n\n30 June\n\n\n30 June\n\n\n\n\n \n\n\n\n\n\n2024\n\n\n2023\n\n\n\n\n \n\n\n \n\n\n£m\n\n\n£m\n\n\n\n\nInterest receivable\n\n\n\n\n\n12,290\n\n\n9,482\n\n\n\n\nInterest payable\n\n\n\n\n\n(6,882)\n\n\n(3,756)\n\n\n\n\nNet interest income\n\n\n\n\n\n5,408\n\n\n5,726\n\n\n\n\nFees and commissions receivable\n\n\n\n\n\n1,567\n\n\n1,459\n\n\n\n\nFees and commissions payable\n\n\n\n\n\n(348)\n\n\n(315)\n\n\n\n\nTrading income\n\n\n\n\n\n350\n\n\n418\n\n\n\n\nOther operating income\n\n\n\n\n\n157\n\n\n439\n\n\n\n\nNon-interest income\n\n\n\n\n\n1,726\n\n\n2,001\n\n\n\n\nTotal income\n\n\n\n\n\n7,134\n\n\n7,727\n\n\n\n\nStaff costs\n\n\n\n\n\n(2,147)\n\n\n(2,005)\n\n\n\n\nPremises and equipment\n\n\n\n\n\n(579)\n\n\n(570)\n\n\n\n\nOther administrative expenses\n\n\n\n\n\n(823)\n\n\n(871)\n\n\n\n\nDepreciation and amortisation\n\n\n\n\n\n(508)\n\n\n(469)\n\n\n\n\nOperating expenses\n\n\n\n\n\n(4,057)\n\n\n(3,915)\n\n\n\n\nProfit before impairment losses\n\n\n\n\n\n3,077\n\n\n3,812\n\n\n\n\nImpairment losses\n\n\n\n\n\n(48)\n\n\n(223)\n\n\n\n\nOperating profit before tax\n\n\n\n\n\n3,029\n\n\n3,589 \n\n\n\n\nTax charge\n\n\n\n\n\n(801)\n\n\n(1,061)\n\n\n\n\nProfit from continuing operations\n\n\n\n\n\n2,228\n\n\n2,528 \n\n\n\n\nProfit/(loss) from discontinued operations, net of tax\n\n\n\n\n\n11\n\n\n(108)\n\n\n\n\nProfit for the period\n\n\n\n\n\n2,239\n\n\n2,420 \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nAttributable to:\n\n\n\n\n\n \n\n\n\n\n\n\n\nOrdinary shareholders\n\n\n\n\n\n2,099\n\n\n2,299\n\n\n\n\nPaid-in equity holders\n\n\n\n\n\n129\n\n\n121\n\n\n\n\nNon-controlling interests\n\n\n\n\n\n11\n\n\n-\n\n\n\n\n\n\n\n\n\n\n2,239\n\n\n2,420\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nEarnings per ordinary share - continuing operations\n\n\n\n\n\n24.1p\n\n\n25.4p\n\n\n\n\nEarnings per ordinary share - discontinued operations\n\n\n\n\n\n0.1p\n\n\n(1.1p)\n\n\n\n\nTotal earnings per share attributable to ordinary shareholders - basic \n\n\n\n\n\n24.2p\n\n\n24.3p\n\n\n\n\nEarnings per ordinary share - fully diluted continuing operations\n\n\n\n\n\n23.9p\n\n\n25.2p\n\n\n\n\nEarnings per ordinary share - full...