NATWEST paid £ 300 million after the money laundering scandal, but was able to make three times more profits a year ago.
The financial bureau has discovered that NATWEST could not monitor the money laundering activity at the bank. NATWEST has revealed legal expenses when the results of the third quarter are announced.
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NATWEST recorded operating income of £ 1.07 billion in the third quarter, comparing it to 355 million pounds in the same period of the previous year.
“It will be a little comfort for the highest executive Officer Alison Rose, but the fact that investors can find a quarterly profit of £ 1 billion indicate how much Natwest has come in the turnaround plan. ”
“This is only the seventh quarter of the past five years when banks have earned at least 1 billion pounds. The balance sheet looks stronger than the regulatory requirements, and the NATWEST is 242 million pounds on its books. I felt that the borrower could be reversed from the pandemic, and it was blocked in a better way than last year.
Banks recorded powerful results, tripled the tax before tax, and jumped from 355 million pounds to £ 1.1 billion in three months until September.
“We look at issues on the economy and customers, especially the supply chains and living expenses, but many important indicators remain positive. The growth is good, the unemployment rate is low, and the whole this is the default signs. Is limited, “said Alison Rose, the highest executive officer of NATWEST.
“We play an important role in supporting 19 million people, family and companies who serve in communities throughout the United Kingdom. When they prosper, we do so.”
