NatWest Group Q1: Earnings Resilient Despite Rising Credit Costs

Despite booking higher provisions, British bank NatWest Group still managed to post solid double-digit earnings growth last quarter. A more downbeat assessment of key U.K. macro indicators drove a 50% year-on-year rise in credit charges, though actual impairments remain modest. NWG's revenue continues to grow strongly thanks to the ongoing repricing of its deposit hedge.