NatWest Reports £2bn Profit Amid Economic Headwinds
NatWest announced profits of £2 billion, benefiting from the slower pace of interest rate cuts. However, the bank also warned of a potential £140 million impact from the Iran war and acknowledged a gloomier outlook for the UK economy with slowing growth and rising inflation.
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NatWest profits hit £2bn as bank benefits from slowing pace of rate cuts
UK lender expects to generate more than £17bn in income for the year
Read full article →NatWest faces £140m hit from Iran war as UK growth slows and inflation rises
Profits ahead of expectations but almost half of £283m impairment charge follows forecast reassessment Business live – latest updates NatWest said the economic fallout from the conflict in the Middle East could cost it £140m amid slowing growth and rising inflation even as it reported profits ahead of expectations. Overall, the FTSE 100 lender booked a £283m impairment charge and said that almost half of that was because of a reassessment of its economic forecast to “reflect increased geopo...
By Mark Sweney
Read full article →NatWest earnings boosted despite gloomier outlook for UK economy
Like other high street lenders, NatWest expects to be bolstered by interest rates staying higher for longer.
By Anna Wise
Read full article →Coverage Timeline
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