NatWest looks for modest growth
Wednesday 26 April 1995
"I believe there is a growing realisation that a stable, low inflation environment is vital to the long-term economic success of the UK. The stability of the economy is a key platform for export led growth," he told the annual meeting.
While personal lending demand remains flat, corporate lending is picking up. "It is in a different and more healthy form than we have seen for some time," said Lord Alexander. Given recent improvements in the economy, "now is the time in the cycle to invest, to secure our future income."
"Over the next two years we believe the UK economy will continue its modest recovery. But the strong growth experienced in 1994 will not be repeated.
"We anticipate only modest lending growth in the UK, coupled with intensifying competition in all our markets. The current environment demands ever enhanced cost vigilance and a continued drive for new sources of income."
NatWest's provisions for bad and doubtful debts fell by 51 per cent during 1994, due both to the improving economy, and greater attention to risk management.
- 1 Avengers: Age of Ultron: Nearly 700 German cinemas refuse to show movie
- 2 Donald Trump decides that Baltimore riots are Barack Obama's fault
- 3 X Factor in crisis as numbers of people auditioning plummets
- 4 General Election 2015: Stephen Hawking says he will vote Labour
- 5 Baltimore riots: Furious mother marches her son home live on TV
Bali Nine executions live: Indonesian firing squad shoots dead eight drug offenders despite outcry around world, but a ninth is spared
Keith Harris dead: Orville the Duck ventriloquist dies aged 67 following battle with cancer
The four utterly contradictory polls that tell the story of this election and why it is pointless trying to predict the outcome
Donald Trump decides that Baltimore riots are Barack Obama's fault
General Election 2015: Prospect of Labour-SNP coalition makes one in four voters less likely to support Ed Miliband, says survey
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Aaron and Melissa Klein: Oregon anti-gay bakers ordered to pay $135,000 after refusing to make cake for same-sex wedding
EU exit would hit UK economy much harder than neighbouring countries, study finds
Andrew Lloyd Webber: Phantom of the Opera writer mocked after issuing a warning about Ed Miliband and Nicola Sturgeon
General election 2015: Labour will toughen hate crimes legislation surrounding Islamophobia
iJobs Money & Business
£30000 - £38000 per annum: Recruitment Genius: They are a financial services c...
£Basic (OTE) + Uncapped Commission: Guru Careers: A Stockbroker (qualified / p...
£20000 - £60000 per annum: Recruitment Genius: Are you recently QCA Level 4 qu...
£20000 - £22500 per annum + OTE £30K: SThree: SThree Group have been well esta...