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Ulster Bank stops offering products to new business customers

Ulster Bank stops offering products to new business customers
irishtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irishtimes.com Daily Mail and Mail on Sunday newspapers.

United kingdomAlison roseUlster bankLombard asset financeஒன்றுபட்டது கிஂக்டம்அலிசன் உயர்ந்ததுஅல்ஸ்டர் வங்கிலோம்பார்ட் சொத்து நிதி

NatWest rebounds into profit on economic recovery

NatWest rebounds into profit on economic recovery
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United kingdomAlison roseஒன்றுபட்டது கிஂக்டம்அலிசன் உயர்ந்தது

NatWest bounces back from pandemic with £2 5bn profit

Lender to hand Treasury £190m dividend for its stake as it eyes a £750m share buyback 30 July 2021 • 1:47pm Taxpayer-backed NatWest has smashed profit expectations after surfing the wave of a house price boom and post-lockdown economic rebound, allowing it to restore investor payouts in a move that will hand the Government £190m. NatWest has been able to release money previously set aside to cover a possible surge in toxic debts as Covid hammered the economy, following similar decisions earlier this week by its rivals Barclays and Lloyds. As Britain recovers from its worst recession in centuries, banks are now freeing up cash held back to save them from a crisis which never happened.

Alison roseஅலிசன் உயர்ந்தது

Royal Bank owner NatWest reveals Covid rapid recovery hopes

Alison Rose, chief executive, NatWest Group THE owner of Royal Bank of Scotland has declared its hope that the UK economy will experience a “more rapid recovery” from the pandemic than previously thought. NatWest Group said this morning that it has released a further £600 million of provisions previously made in anticipation of loans turning bad because of the fall-out from the pandemic. The release was made in first-half accounts for the state-backed bank, which revealed an operating profit before tax of £2.5 billion for the six months ended June 30. The bank had reported a loss of £770m at the same stage last year.

United kingdomAlison roseRoyal bankஒன்றுபட்டது கிஂக்டம்அலிசன் உயர்ந்ததுஅரச வங்கி

NatWest notches up £2 5bn in resilient first half, as lending rises

Shares opened lower this morning, down 0.6 per cent at 203.6p per share. Mortgage lending grew by £7.0bn, as a rush to complete house purchases before the end of the stamp duty holiday at the end of June pushed mortgage borrowing to new highs. “These results have been driven by good operating performances across the Group, underpinned by a robust loan book and a strong capital position,” CEO Alison Rose said. “While we see the potential for a more rapid recovery, we will continue to take an appropriate and conservative approach as the government schemes wind down and the economy reopens.”

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