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.
- 3 The enemy within: People who hear voices in their heads are being encouraged to talk back
- 4 Phil Neville backtracks on Tomas Rosicky 'I'd smash him' comments from Match of the Day 2
- 5 SAG Awards: Fake applause track interrupts Reese Witherspoon
Rowan Atkinson to sell £10 million McLaren 'supercar' he crashed into a tree and a lamppost
Paris attacks: Do not call Charlie Hebdo killers 'terrorists', BBC says
Asteroid narrowly scrapes past Earth: how to watch the closest space rock for decades as it flies by
UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Nigel Farage: NHS might have to be replaced by private health insurance
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
George Galloway condemns 'racist, Islamophobic, hypocritical rag' Charlie Hebdo at freedom of speech rally
iJobs Money & Business
£30000 - £32000 per annum + benefits : Ashdown Group: A highly successful, int...
£18000 - £20000 per annum: Recruitment Genius: This rapidly expanding business...
£25 - 28k + Bonus: Guru Careers: An In-house / Internal Recruiter is needed to...
Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...