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NatWest profits surge as bank nears full private ownership

  • NatWest Group reported a 36% rise in first-quarter 2025 operating profit to £1.8 billion, exceeding analyst forecasts as the bank moves toward full private ownership.
  • The profit increase followed a surge in customer deposits and net loans, driven by mortgages and business lending ahead of tax changes and economic uncertainty globally.
  • NatWest's domestic focus and portfolio supported resilience against market volatility from US tariffs, even as business sentiment dipped and some large firms adopted a cautious stance.
  • CEO Paul Thwaite said, "our customers remain resilient" despite "sentiment has dipped" and noted the bank expects full-year income and returns at the upper end of guidance.
  • The government’s shareholding fell below 2% in April, marking a symbolic step toward privatization after the 2008 bailout, while NatWest completed acquiring Sainsbury's Bank, adding over a million accounts.
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GB News broke the news in London, United Kingdom on Thursday, May 1, 2025.
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