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30 Oct 2020 | 07:13

Natwest posts forecast-beating Q3 profit

(Sharecast News) - UK taxpayer-owned bank NatWest on Friday reported better-than-expected third quarter profits and made lower bad debt provisions relating to the coronavirus pandemic. The bank posted a £355m pre-tax profit for the three months to September 30, compared to estimates of £75m.

Bad loan provisions came in at £254m, compared to the £628m forecast. The bank said full-year impairments would be at the lower end of a £3.5bn - £4.5bn range previously given.
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