Half Year 2020 Natwest Group PLC Earnings Call Transcript
Welcome, everyone. We will now play a prerecorded audio presentation of our H1 results. This will be followed by a live Q&A session with Howard Davies, Alison Rose and Katie Murray.
Good morning, everyone. Thank you for joining us today for our first half results presentation. Our agenda for the call is follows. I will start with the first half headlines and update you on how we have been managing the business through the COVID-19 pandemic, the progress we have made on our strategic priorities during the first half and then Katie will take you through the numbers in more detail before I wrap up and we open it up for questions.
So let me start with the headlines. As you know, we had a strong start to the year before the impact of COVID-19 and our preimpairment operating profit for the first half was GBP 2.1 billion. Since we spoke in May, however, the economic outlook has worsened. And as a result, we are announcing a first half net impairment charge of
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