NatWest posts 20% profit jump, accelerates buyback plans

(Sharecast News) - NatWest on Friday reported strong half-year earnings driven by a jump in net interest income. Profit for the half-year to June 30 rose 19% to £3.1bn with net interest income up 12% to £6.9bn. The bank said it was expecting a return on tangible equity of more than 19% for the full year and would consider share-buybacks from full year 2026, six months earlier than previously planned.

Operating profit before tax rose 20% to $4.3bn.

Reporting by Frank Prenesti for Sharecast.com