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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

NatWest poised to report biggest profits since 2008 financial crisis

NatWest Alison Rose John Cronin Barclays Sunday Times United States
A logo is seen outside a NatWest bank branch in London
A rise in profits could help NatWest announce plans to buy back shares from the government next month, according to the Sunday Times. Photograph: Suzanne Plunkett/Reuters

NatWest is set to reveal its largest annual profit since the 2008 financial crisis amid speculation that the taxpayer-backed bank will ramp up the size of its bonus pool just as consumers struggle with the cost of living crisis.

The banking group, which is still 45% state-owned, is expected to report £5.1bn in pre-tax profits for 2022 when it reveals annual results on Friday, according to City analysts.

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