NatWest Group plc (RBSPF)
- PA Media: Money
NatWest says it retreated from race towards cheaper mortgage deals last year
The banking group said new mortgage lending totalled £5.2 billion in the first three months of the year, down from £9.9 billion the previous year.
- Reuters
NatWest profit falls less than feared ahead of state escape
LONDON (Reuters) -British bank NatWest's first-quarter profit fell by a less than expected 27%, it said on Friday, having weathered a sector-wide squeeze on income from increased competition for savings, lending and mortgage products over the past year. Rising central bank interest rates and political and media attention on the rates banks pay to savers have resulted in customers shopping around for better products, hitting retail banks across their core business lines. NatWest's pretax operating profit for the three months to March 31 was 1.3 billion pounds ($1.63 billion), down from 1.8 billion pounds a year earlier and just above the average of analyst forecast of 1.2 billion pounds.
- Yahoo Finance UK
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