Royal Bank of Scotland is changing its name to NatWest plc in a major rebranding by new chief executive Alison Rose, the company has said.
The Royal Bank of Scotland has announced plans to hand over £600 million to the Government, which owns 62% of the bank, in dividend payments as it hit a pretax profit of £4.23 billion last year.
The payment will be made as part of a normal 3p dividend and a special dividend of 5p per share, as bosses said its preferred measure – return on tangible equity – hit 9.4%.
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