NatWest Group has become the third high street bank to report higher-than-expected earnings after revealing it provided more mortgages in recent months. The banking group said it made an operating pre-tax profit of £1.7 billion between July and September, nearly a third higher than the £1.3 billion generated this time last year.
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00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.
00:07NatWest has become the third high street bank to report higher than expected earnings.
00:13NatWest said it made an operating pre-tax profit of £1.7 billion between July and September,
00:20which is almost a third higher than £1.3 billion it reported this time last year.
00:26These figures beat forecasts, with analysts expecting a profit of £1.5 billion for the latest period.
00:35NatWest joins Lloyds and Barclays on unveiling higher profits than analysts were expecting this week,
00:41as the banking sector continues to strengthen as interest rates start to fall.
00:47My name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.