NatWest Group PLC (LSE:NWG) is expected to announce a further share buy back with its H1 results on Friday with UBS forecasting a further £1bn when it reports its H1 results on Friday. The broker expects costs to be a strong market focus given the domestic inflation numbers and the recently announced £1,000 pay incrase for its 22,000 staff.
No major deterioration in credit quality is expected despite uncertainty around commercial and SME credit.