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NatWest Group sees FY23 RoTE 14%-16%
The Fly

NatWest Group sees FY23 RoTE 14%-16%

Income excluding notable items for the Group is expected to be around GBP 14.8 billion and full year NIM around 3.20%, based on a Bank of England base rate of 4.00% through the remainder of 2023. It expects to deliver a Group cost:income ratio below 52% or around GBP 7.6 billion of Group operating costs, excluding litigation and conduct costs. Impairment losses in 2023 are expected to be in line with through the cycle guidance of 20-30 basis points.

Published first on TheFly

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