AcquisitionsJul 31, 2026, 12:24 PM
NatWest Group Acquires Evelyn Partners for £2.2B; H1 Profit £3.18B
AI Summary
NatWest Group plc announced its interim results for the half-year ended June 30, 2026, alongside the acquisition of Evelyn Partners Group Limited for £2.2 billion. The acquisition is expected to accelerate the Group's strategy by increasing capital-light, fee-based income streams. The company reported a significant increase in profit for the period, total income, and earnings per share compared to the previous year.
Key Highlights
- Acquired Evelyn Partners Group Limited for £2.2 billion on June 30, 2026.
- Half-year profit for the period increased to £3,180 million from £2,675 million YoY.
- Basic earnings per share rose to 38.1p from 30.9p YoY.
- Total income grew to £8,862 million from £7,985 million YoY.
- Net interest income increased to £6,890 million from £6,120 million YoY.
- Operating profit before tax reached £4,318 million, up from £3,585 million YoY.
- Total assets stood at £745,367 million as of June 30, 2026, compared to £714,553 million at Dec 31, 2025.
- Net cash outflow on the Evelyn Partners acquisition was £2,015 million.
Price Impact
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