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FTSE 100 Live: What’s Moving UK Markets, Pound (GBP/USD); NatWest Results
NatWest said it has continued to see low levels of defaults across its loan portfolio and that net lending increased overall.
Within the retail banking arm, net interest margins were a little lower compared to the fourth quarter of last year, mostly due to competition in the mortgage market.
That was offset, however, by “increasing” benefits from the group’s structural hedge — the mechanism by which banks create a stable stream of income designed to smooth out bumps in lending margins.
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