NatWest Q1 Profit Rises 12% as Income Guidance Increases
NatWest reported a 2 billion pound quarterly profit and raised its income guidance. The bank took a charge for potential losses linked to the Iran war.
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NATWEST GROUP PLC increased first-quarter operating profit 12% to £2 billion ($2.72 billion) on Friday. The result exceeded the £1.9 billion average forecast and prompted an upgrade to full-year income guidance. Rising lending income is currently offsetting geopolitical risks and a downgrade to United Kingdom growth forecasts.
