Coutts' 74pc profit increase buoyed by improved lending outlook

News Team, 30/07/2021

Peter Flavel

Coutts and Adam & Co – NatWest’s private banking arm – have delivered a large year-on-year profit increase in the six months to 30 June 2021, posting an operating profit of £146 million, up 74 percent on H1 2020’s £84 million.

The profit figure was flattered, comparatively, by a £27 million loan impairment release reflecting the improved economic outlook, compared to the £56 million which was set aside as ...

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