UK banking sector strengthens! NatWest (NWG.US) Q4 and full-year profits exceed expectations, plans to continue leveraging AI to reduce costs and improve efficiency
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The company has developed a plan to reduce costs and increase revenue through technology over the next three years. The UK bank reported a pre-tax profit of £1.94 billion ($2.6 billion), exceeding analysts' expectations of £1.7 billion. This brought the company's full-year profit to £7.7 billion, the highest level since the financial crisis and also above analysts' forecasts.
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