Two UK Banks Report Higher Earnings In Interim Results

BANKS

The first of the UK banks to release interim earnings for 1996 are reporting higher results for the period. NatWest Group reports a 17 per cent increase in dealing profits, while Lloyds TSB shows a 9 per cent rise in foreign exchange trading income compared to the same period a year ago.

NatWest does not break out interim forex trading revenues, although it does so at year-end. The bank reports £305 million in dealing profits for the first half of 1996, up from 1995's £261 million. For 1995,