While the UK spirals the economic waste bin, Nat West makes 18.3% profit this year (£1172 million).
NatWest to hike chief's pay as bank returns to full private ownership
Submitted 4 months ago by Mex@feddit.uk to unitedkingdom@feddit.uk
Submitted 4 months ago by Mex@feddit.uk to unitedkingdom@feddit.uk
While the UK spirals the economic waste bin, Nat West makes 18.3% profit this year (£1172 million).
wewbull@feddit.uk 4 months ago
So my question is, how much did the state invest and what was the return on that investment (index linked)?
I’m sure NatWest are very happy not to be partly owned by the state.
SubArcticTundra@lemmy.ml 4 months ago
I imagine this could be found out with a FOI request
FarceOfWill@infosec.pub 4 months ago
Something like a 20% loss, before inflation. Figures will come out next year when it’s actually complete. Not sure if the government took money out in that time by dividend but it would be a bit weird to so I assume not.
But then, the cost of not doing it would have been much much worse.
wewbull@feddit.uk 4 months ago
If true then something is fishy.
The company was in trouble, so the initial investment should have been at a good price. The company has now recovered, and the states investment should have grown with it.
How do you make a 20% loss on that?