UK bank NatWest rebounds into third-quarter net profit

London, Oct 30 (AFP/APP):British state-owned bank NatWest, formerly known as the Royal Bank of Scotland, said Friday that it rebounded into quarterly net profit on lower charges and impairments and despite “challenging” virus-hit trade.

Profit after taxation stood at Ł61 million ($79 million, 68 million euros) in the three months to the end of September, after a year-earlier loss of Ł315 million that had been sparked by compensation for mis-selling credit insurance.

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