NatWest reports 24% jump in profit and lifts target

LONDON, ​Feb ⁠13 (Reuters) - NatWest said ​its annual profit rose 24% on Friday, ​slightly ‌ahead of forecasts, and ⁠the lender set out more ⁠ambitious performance targets. The ​British bank reported its pretax operating profit for 2025 was 7.7 ​billion ‌pounds ($10.47 billion), up from 6.2 billion pounds a year ago and slightly better ​than the 7.5 billion pounds average ‌of analysts' forecasts as compiled by the bank. NatWest ‌said it now expected to make a return on tangible ​equity of greater than 18% in 2028, ‌up from previous guidance of greater than 15% in 2027.

The results ⁠come ⁠just days after ‌NatWest also announced it had agreed to buy ​one ​of Britain's largest ‌wealth managers, Evelyn Partners.

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