NatWest Group Q4 Profit Surges, 2024 Income Decline Predicted

NatWest Expects Decline in Income for 2024, Beat Q4 Profit Expectations

NatWest Group, a British bank, announced that it expects its income to decrease this year, despite surpassing fourth-quarter profit expectations. The bank anticipates earning a total income of £13.0 billion to £13.5 billion for 2024, excluding exceptional items, as the boost from higher interest rates decreases due to expected cuts later in the year.