NatWest Reports £1.1bn Profit
0Between July and September, NatWest Group's pre-tax profits stayed the same at £1.1 billion. In the three months leading up to September 30, the lender made a £242 million provision for anticipated defaults. Now, NatWest anticipates a decline of little more than 7% in UK home prices in 2023. Of the major UK banks, NatWest is the latest to release its quarterly results. The lender said that it has not yet noticed any drops in home prices. NatWest stated that it no longer anticipated its expenses to stay consistent, despite the fact that it now anticipates higher interest rates to maintain its revenues.
Source: https://www.theguardian.com/business/2022/oct/28/natwest-profit-predicts-fall-in-uk-house-prices
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