NatWest FX Gains Drop 21.7 Per Cent While Securities Income Remains Flat

BANKS

Foreign exchange income at National Westminster Bank dropped off 21.7 per cent in 1994, from £239 million in 1993 to £187 million last year. The bank reported a 61 per cent rise in overall earnings, but dealing income generally declined 11 per cent, to £451 million.

Results in dealing for the bank, which now calls itself NatWest Group, show a different trend than those of major banks that have already reported earnings, in that FX gains fell more sharply last year than income from securities