NatWest Group (GB:NWG) has released an update.
NatWest Markets N.V., part of NatWest Group, reported a modest profit increase to €64 million in the first half of 2024, driven by higher net interest income amid challenging high interest rate market conditions. The company continues to focus on growth opportunities, delivering €25.6 billion towards its sustainable funding target and undergoing leadership changes, including a new Chairman and interim Chief Risk Officer. The firm’s financial position remains solid with increased capital ratios, and a decrease in credit risk weight assets contributing to robust liquidity.
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