Q3 2021 Results 29th Oct 2021 | --- | --- | --- | --- | --- | |-------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Alison Rose Chief Executive Officer | | | | | | | | | | | Q3'21 results highlights | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

NatWest Group plc (NYSE:NWG) Q3 2021 Earnings Conference Call October 29, 2021 4:00 AM ET Company Participants Alison Rose - Chief Executive Officer Katie Murray - Chief Financial Officer Conference Call Participants Omar Keenan - Credit Suisse Fahed Kunwar - Redburn Alvaro Serrano - Morgan Stanley Andrew Coombs - Citi Jonathan Pierce - Numis Guy Stebbings - Exane Chris Cant - Autonomous Aman Rakkar - Barclays Martin Leitgeb - Goldman Sachs Disclaimer*: This transcript is designed to be used alongside the f ...

NatWest Group plc (NYSE:NWG) H1 2021 Earnings Conference Call July 30, 2021 3:00 AM ET Company Participants Alison Rose - Chief Executive Officer Katie Murray - Chief Financial Officer Conference Call Participants Andrew Coombs - Citi Omar Keenan - Credit Suisse Rohith Chandra-Rajan - Bank of America Guy Stebbings - BNP Paribas Jonathan Pierce - Numis Robert Noble - Deutsche Bank John Cronin - Goodbody Alvaro Serrano - Morgan Stanley Martin Leitgeb - Goldman Sachs Robin Down - HSBC Aman Rakkar - Barclays Fa ...

H1 2021 Results 30th July 2021 | --- | --- | --- | --- | --- | |-------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Alison Rose Chief Executive Officer | | | | | | | | | | | H1'21 results highlights H1'21 performance | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Natwest Group PLC (NYSE:NWG) Q1 2021 Earnings Conference Call April 29, 2021 4:00 AM ET Â Company Participants | --- | --- | |------------------------------------------------------------------------------|-------| | | | | Alison Rose – Chief Executive Officer Katie Murray – Chief Financial Officer | | | Conference Call Participants | | | Aman Rakkar – Barclays | | | Jonathan Pierce – Numis | | | Benjamin Toms – RBC Capital Markets | | | Alvaro Serrano – Morgan Stanley | | | Andrew Coombs – Citi | | | Omar K ...

Q1 2021 Results 29th April 2021 Alison Rose Chief Executive Officer 2 Q1'21 results highlights Good Q1'21 operating performance Supporting our customers; strong net lending growth Further cost reduction achieved in Q1 Impairments: small release reflects good book releases and government support mitigating level of defaults Strong capital base and liquidity position £1.1bn directed buy back completed 1. Net lending to customers across the UK and RBSI retail and commercial businesses, excluding UK Government ...

Natwest Group PLC (RBS) Full Year 2020 Earnings Conference Call February 19, 2021 4:00 AM ET Company Participants Howard Davies – Chairman Alison Rose – Chief Executive Officer Katie Murray – Chief Financial Officer Christine McPherson – Finance Director of Services and Functions Alexander Holcroft – Head of Investor Relations Conference Call Participants James Invine – SG Rohit Chandra-Rajan – Bank of America Raul Sinha – JPMorgan Andrew Coombs – Citi Jonathan Pierce – Numis Alvaro Serrano – Morgan Stanley ...

FY 2020 Results 19th February 2021 Howard Davies Chairman Information classification: Secret Classification: Secret2 Alison Rose Chief Executive Officer 3 FY'20 results highlights 4 | --- | |------------------------------------------------------| | | | Resilient FY'20 | | performance | | Supported customers and | | accelerated digital | | transformation | | Disciplined execution of | | strategy on lending growth, reducing costs and RWA | | reduction | | Strategic review of Ulster | | Bank in ROI complete | ...

Natwest Group PLC (RBS) Q3 2020 Earnings Conference Call October 30, 2020 5:00 AM ET Company Participants Alison Rose – Executive Director and Group Chief Executive Officer Katie Murray – Group Chief Financial Officer and Executive Director Conference Call Participants Rohith Chandra-Rajan – Bank of America Jonathan Pierce – Numis Martin Leitgeb – Goldman Sachs Andrew Coombs – Citi Ed Firth – KBW Guy Stebbings – Exane BNP Paribas Chris Cant – Autonomous Robert Noble – Deutsche Bank Raul Sinha – JPMorgan Joh ...

Financial Data and Key Metrics Changes - The pre-impairment operating profit for the first half was £2.1 billion, but the company reported an operating loss of £770 million and an attributable loss of £705 million due to a net impairment charge of £2.9 billion [4][5][35] - The common equity Tier 1 (CET1) ratio for the first half was 17.2%, with a liquidity coverage ratio of 166% [5][7][55] Business Line Data and Key Metrics Changes - In U.K. Personal Banking, total income decreased by £115 million due to lower overdraft fees and reduced card spending [36] - Total Commercial Banking income was slightly down, but strong balance sheet growth from government lending initiatives helped increase net interest income [37] - NatWest Markets income increased by £270 million, with revenue growth driven by stabilized credit markets [37] Market Data and Key Metrics Changes - Total customer deposits grew by £39 billion during the first half, with retail banking deposits increasing by £11 billion and commercial banking deposits by £25 billion [22][57] - Net lending increased by £16 billion in total during the first half, with approximately half relating to government scheme drawdowns [13] Company Strategy and Development Direction - The company is focused on supporting customers during the pandemic while executing strategic priorities, including a £250 million cost reduction target [9][30] - There is a strategic initiative to refocus NatWest Markets, aiming to reduce risk-weighted assets (RWAs) to £32 billion in 2020 and to £20 billion over time [23][60] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the economic recovery, noting signs of increased mortgage applications and spending growth [13][30] - The company anticipates a significantly lower impairment charge in the second half, with full-year charges expected in the range of £3.5 billion to £4.5 billion [7][44] Other Important Information - The company has maintained a consistent approach to risk and underwriting standards, supporting existing customers through government-backed loan schemes [16][18] - The company has committed to making its operations climate positive over the next five years and has issued a $600 million green bond [29] Q&A Session All Questions and Answers Question: Can you provide insights on revenue expectations for the second half of the year? - Management indicated comfort with revenue expectations, noting that increased retail sales and new lending demand are anticipated as the economy recovers [67][70] Question: What are the drivers of the CET1 ratio? - The CET1 ratio is influenced by earnings and the unwinding of IFRS 9 impacts, with an estimated positive impact of 20 to 30 basis points expected in the next quarter [68][71] Question: How should we think about mortgage growth going forward? - The company expects to continue growing market share in mortgages, with retention levels improving and a strong recovery in mortgage applications observed [74][75] Question: What is the outlook on structural hedge and potential negative rates? - The company sees a low likelihood of negative rates impacting its operations, with only a 10% probability assigned to such an outcome [82]