NatWest Group has reported attributable profits of £841m during the first quarter of 2022, compared to £620m year-on-year.
Operating profits before tax were even higher at £1.24bn, compared to £885m during the first quarter last year.
The trading update also showed a reduction in impairment charges, at £38m, compared to a £98m release during the first quarter of 2021, out of £3.2bn held back at the start of the pandemic. This reflected low levels of realised losses across the portfolio, although "the economic outlook remains uncertain".
