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
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