LONDON (Reuters) – NatWest’s first-half pretax operating profit fell by a less than expected 16% to 3 billion pounds ($3.86 billion), it said on Friday, with margins hit by mortgage market competition and savers shifting deposits to higher-paying products. The British bank said this month that the government’s stake in it fell below 20%, […]
LONDON (Reuters) – NatWest’s first-half pretax operating profit fell by a less than expected 16% to 3 billion pounds ($3.86 billion), it said on Friday, with margins hit by mortgage market competition and savers shifting deposits to higher-paying products.
The British bank said this month that the government’s stake in it fell below 20%, moving the lender closer to full private ownership after its state bailout in the 2008 financial crisis.
($1 = 0.7775 pounds)
(Reporting by Lawrence White and Yadarisa Shabong; Editing by David Goodman)
