Today news
About the same in other media
NatWest profits triple to £1bn after jump in mortgage lending
Reading now: 950
NatWest Group tripled its profits in the third quarter to a better than expected £1.1bn thanks to a jump in mortgage lending and a recovery in the economy despite setting aside cash to cover fines linked to money-laundering charges.
The bank, which is majority-owned by the taxpayer, said the stronger economic position had allowed it to release £242m worth of provisions in the three months to 30 September, which it had made to cover a potential rise in defaults because of the coronavirus pandemic. That compares with the £254m it put aside during the same period last year. Analysts had expected the bank to take a further £40m charge.
The lender said it would “continue to assess this position as we see the impact within the economy of the UK
Read more on theguardian.comAbout this in other media
Mr Kipling sets sights on US market after exceedingly good trial in Canada theguardian.com /3 years ago
Landsec swings back into profit as office working resumes theguardian.com /3 years ago
Oatly shares fall 20% after ‘quality issue’ warning and delivery delays theguardian.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
