NatWest Reports A 28 Per Cent Improvement In Annual FX Gains
BANKS
NatWest Group reports a 28 per cent increase in its yearly foreign exchange income, to £240 million from £187 million reported a year ago, due largely to high volatility in the market, officials say. Overall, customer-driven transactions paved the way for a 28 per cent boost in dealing profits for the year of £577 million, up from £451 million reported in 1994.
Group chief financial officer Richard Karl Goeltz attributed the bulk of NatWest's 9 per cent trading surplus to "particularly strong
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