NatWest beats annual profit expectations

Yorkshire Post

NatWest has reported a bigger-than-expected profit for 2024 as the bank edges closer to returning to private ownership. Chief executive Paul Thwaite said shedding the Government’s shareholding would mark a “new, forward-looking chapter” for the British lender. #NatWest

Transcript

00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.

00:06NatWest has reported a bigger-than-expected profit for 2024 as the bank moves closer to returning to private ownership.

00:16Chief Executive Paul Thwaite said that shedding the government's shareholding would mark a new, forward-looking chapter for the bank.

00:25The group told investors it made an operating pre-tax profit of £6.2bn last year, which is about 0.3% higher than in 2023.

00:36This was slightly ahead of the £6.1bn profit some analysts have been expecting.

00:43My name's Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.

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