The group enjoyed a perfect quarter as rising interest rates inflated the net interest margin while not impacting asset quality trends. The management set aggressive financial objectives for 2023, showing strong confidence in ongoing profitability gains but which could prove indecent for a state-owned bank.
29 Jul 2022
Indecent RoTE objective
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Indecent RoTE objective
NatWest Group Plc (NWG:LON) | 304 0 0.0% | Mkt Cap: 26,547m
- Published:
29 Jul 2022 -
Author:
David Grinsztajn -
Pages:
2
The group enjoyed a perfect quarter as rising interest rates inflated the net interest margin while not impacting asset quality trends. The management set aggressive financial objectives for 2023, showing strong confidence in ongoing profitability gains but which could prove indecent for a state-owned bank.