NatWest Reports Strong Annual Profit Amid Strategic Growth and Market Challenges
NatWest has posted an annual pre-tax operating profit of £6.2 billion, surpassing expectations and reflecting its strategic growth initiatives. The bank's shares have risen significantly over the past year, supported by a £4 billion capital redistribution plan and key acquisitions. Under CEO Paul Thwaite, NatWest continues to expand in consumer and mortgage lending while setting ambitious performance targets. However, the bank faces growing competition in the UK mortgage market and speculation about potential deals with Santander