NatWest profits soar by 36% as full privatisation looms

Government stake reduced to under 2% as bank’s profit of £1.8bn beats analyst forecasts by £200mBusiness live – latest updatesNatWest has reported a 36% increase in profits in the first three months of this year as the government reduced its stake in the bank to less than 2%, paving a return to fully private ownership after 17 years.The bank reported operating profit before tax of £1.8bn, up from £1.3bn in the same period last year, beating analyst consensus forecasts by £200m. Continue reading...

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