Publishing its financial results for 2023, NatWest has revealed that it recorded an operating profit of £6.2bn, up 20% on 2022.
The bank’s return on tangible equity was 17.8%, compared with 12.3% at the end of 2022, while income, excluding notable items, was up 10% on 2022 at £14.3bn, with total expenses up 5%.
In 2023, the bank increased its lending to customers by £9bn and helped over 379,000 retail banking customers to buy or remortgage their home.
In addition, NatWest also confirmed the appointed of Paul Thwaite as its group chief executive officer and executive director with immediate effect.
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Link to Original Article: The Intermediary - NatWest confirms CEO and sees 20% annual profit increase in 2023