NatWest Group (GB:NWG) has released an update.
NatWest Group plc has announced the acquisition of a £2.5 billion prime UK residential mortgage portfolio from Metro Bank, which includes around 10,000 customer accounts. The deal, expected to be completed in the second half of 2024, is part of NatWest’s strategy to grow its Retail mortgage book within its risk appetite, following a similar successful acquisition from Sainsbury’s Bank.
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