NatWest Group has become the latest major British bank to beat profit expectations despite seeing a jump in customers withdrawing money at the start of the year.
The group reported an operating profit before tax of £1.8 billion in the first three months of the year.
NatWest Group, which includes Royal Bank of Scotland and Ulster Bank, also saw its total income surge by more than a third over the period, helped by higher interest rates which makes it more expensive to borrow. It also revealed it saw a growing number of people using its fixed-term savings products in the first quarter as people looked to make the most of higher interest rates.
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