NatWest banks on customer confidence to deliver growth
Daily Express|July 27, 2024
NATWEST announced the acquisition of a part of Metro Bank's residential mortgage book as results showed it performed ahead of expectations in the first half.
Chris Dorrell
NatWest banks on customer confidence to deliver growth

The FTSE 100 lender reported a pretax operating profit of £3billion in the first six months of 2024, down from £3.6bn last year but ahead of the £2.6bn analysts expected The fall came due to a 6% fall in net interest income, which dropped to £5.4bn compared with last year's figure of £5.7bn. Net interest income reflects the revenue banks make from lending minus the cost of deposits.

Compared with last year, NatWest reported lower deposit balances and "lending margin pressure".

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