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Article: Royal Bank goes for growth.
- Article from:
- The Birmingham Post (England)
- Article date:
- April 20, 2000
CopyrightCOPYRIGHT 2000 Birmingham Post & Mail Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Royal Bank of Scotland, now owner of National Westminster Bank after a marathon takeover battle, said yesterday that integration was going well, with savings and revenue benefits higher than expected.
The enlarged group now plans to boost revenue growth and has ambitions to get profits up to pounds 5 billion.
The overall aim was spelled out by deputy chairman George Mathewson, who said: 'We aspire to overtake Lloyds and match HSBC.'
Chief executive Fred Goodwin said Royal Bank had been encouraged by its review of NatWest since the acquisition was ...