Photographer: Hollie Adams/Bloomberg© 2024 Bloomberg Finance LPShares in NatWest Group NatWest Group rose on Friday as results for the first few months of 2024 beat City forecasts.However, operating pre-tax profit slumped by more than a quarter year on year as the benefit of previous Bank of England interest rate hikes eroded.At 299.4p per share, the FTSE 100 share was last dealing 3.3% higher in end-of-week business.While total income dropped 10% to £3.5 billion during the March quarter, this beat analyst ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...

(Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For February 23, 2024 Commission File Number: 001-10306 NatWest Group plc Gogarburn, PO Box 1000 Edinburgh EH12 1HQ Form 20-F X Form 40-F ___ Indicate by check mark whether the reg ...

Financial Data and Key Metrics - In 2023, the company increased lending to customers by GBP 9 billion, opened over 100,000 new start-up accounts, and helped customers save GBP 21 billion more in fixed-term savings [2] - The net impairment charge for the full year was GBP 578 million, equivalent to 15 basis points of loans, with expectations of a low impairment rate below 20 basis points in 2024 [10] - The company reported a CET1 ratio of 13.4% at the end of Q4 2023, with capital generation of 154 basis points before notable items and RWA model updates [41] - Full-year income excluding notable items was GBP 14.3 billion, up 9.8%, with a return on tangible equity of 17.8% [48][88] Business Line Performance - Retail Banking remained the highest-returning business in 2023, with a return on equity of 23.8%, despite higher costs and impairments [8] - Commercial & Institutional Banking delivered the strongest year-on-year improvement, growing income by 16% and operating profit by 27%, contributing 52% of group operating profit [57] - Private Banking return on equity was 14.8%, affected by lower deposit balances and cost inflation [57] Market Performance - The company serves 19 million customers across Retail Banking, Private Banking, and Commercial & Institutional Banking, with leading market positions and a 20% share in the youth and new startup segments [7] - Mortgage flow share for the full year was 14%, with a stock share increase from 12.3% to 12.7% [89] - Deposits across the three businesses reduced by GBP 14 billion in 2023, with noninterest-bearing deposits decreasing to GBP 142 billion and term deposits increasing to GBP 68 million [9] Strategic Direction and Industry Competition - The company is focused on driving returns through disciplined growth, cost efficiency, and capital allocation, targeting a return on tangible equity greater than 13% by 2026 [54] - Investments in digitization and automation are expected to improve productivity and customer experience, with run rate savings of GBP 250 million annually since 2021 [71] - The company is actively managing its balance sheet, including the structural hedge, which is expected to deliver a tailwind in 2024 and beyond [6][74] Management Commentary on Operating Environment and Future Outlook - Management expects a low impairment rate below 20 basis points in 2024, driven by the current performance of the loan book and an updated economic outlook [10] - The company anticipates a reduction in interest rates, with five cuts starting in May 2024, which will impact income progression and deposit pass-through [5][76] - The macroeconomic environment remains uncertain, with geopolitical risks and potential impacts on global trade and supply chains [44] Other Important Information - The company announced a final dividend of 11.5 pence, bringing the total dividend to 17 pence, and a new on-market buyback of GBP 300 million, with total distributions for the year reaching GBP 3.6 billion [31] - The government stake in the company has reduced from 46% at the start of 2023 to under 35%, with plans for a full exit by 2026 [31] - The company provided GBP 29 billion of climate and sustainable funding in 2023, bringing the total to GBP 62 billion since July 2021, with a target of GBP 100 billion by the end of 2025 [48] Q&A Summary Question: Confidence in new RoTE targets and mortgage business growth [12] - The company expects RoTE to increase from 12% in 2024 to above 13% by 2026, driven by the structural hedge and disciplined capital allocation [12] - Mortgage growth is expected to be stable, with a focus on managing the balance sheet in a competitive market [12] Question: Impact of rate cuts on income and deposit pass-through [141] - The company assumes a 60% pass-through of rate cuts to customer deposit rates, with timing lags influenced by competition and customer behavior [141] Question: Structural hedge and deposit migration [108] - The structural hedge notional balance reduced to GBP 185 billion at the end of 2023, with expectations of further reduction in 2024, but at a slower pace [108][111] Question: Cost management and restructuring [173] - The company expects costs to remain broadly stable in 2024, with wage inflation and contract inflation mitigated through cost-saving measures [173] Question: Loan growth and economic outlook [133] - The company targets above-market loan growth, particularly in mortgages and corporate lending, with a focus on returns and disciplined capital allocation [133][158] Question: Revenue guidance and rate cut assumptions [193] - The company's revenue guidance for 2024 reflects uncertainty around rate cuts, competition, and customer behavior, with income expected to be stronger in the second half of the year [193][199] Question: TNAV and RoTE expectations [209] - The company expects TNAV to grow significantly, driven by the unwinding of the cash flow hedge reserve, with RoTE improving as rate cuts are completed [209][204]

FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For October 27, 2023 Commission File Number: 001-10306 NatWest Group plc Gogarburn, PO Box 1000 Edinburgh EH12 1HQ (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F X Form 40-F ___ Indicate by check mark whether the regi ...

NatWest Group plc (NYSE:NWG) Q3 2023 Earnings Conference Call October 27, 2023 4:00 AM ET Company Participants Paul Thwaite - CEO Katie Murray - CFO Conference Call Participants Rahul Sinha - J.P. Morgan Aman Rakkar - Barclays Ed Firth - KBW Alvaro Serrano - Morgan Stanley Guy Stebbings - BNP Paribas Exane Joseph Dickerson - Jefferies Benjamin Toms - RBC Adam Terelak - Mediobanca Jonathan Pierce - Numis Chris Cant - Autonomous Andrew Coombs - Citibank Robin Down - HSBC Fahed Kunwar - Redburn Atlantic Paul T ...

Arrears levels remain broadly stable Property ex-CRE Corporate Credit Cards & Other Sov & FI's 4 Mortgages CRE • Growth YTD driven by Credit Card remains within limits for all Unsecured products 13 14 Liquidity coverage ratio (LCR) as at Q3'23 Headroom of £49.6bn O-SII group risk add-on4 Countercyclical leverage ratio buffer6 Minimum Tier 1 capital requirement Other operating Loan impairment Total costs and C:I RoTE Income rate ratio2 ~£14.3bn¹ NIM: >3% ~£7.6bn Below 20bps Upper end of 14-16% <52% Assumes p ...

NatWest Group plc (NYSE:NWG) Q2 2023 Earnings Conference Call July 28, 2023 4:30 AM ET Corporate Participants Howard Davis - Chairman Katie Murray - Chief Financial Officer Conference Call Participants Aman Rakkar - Barclays Alvaro Serrano - Morgan Stanley Rob Nobel - Deutsche Bank Jonathan Pierce - Numis Guy Stebbings - BNP Paribas Exane Andrew Coombs - Citi Fahed Kunwar - Redburn Chris Cant - Autonomous Robin Down - HSBC Ed Firth - KBW Adam Terelak - Mediobanca Operator Good morning and welcome to the Nat ...

Table of Contents Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 28 July 2023 Commission file number: 001-10306 Form 6-K NatWest Group plc Gogarburn PO Box 1000 Edinburgh EH12 1HQ Scotland United Kingdom (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F X Form 40-F Indicate by check mark whether the registrant by furnishing the inf ...

NatWest Group plc (NYSE:NWG) Q1 2023 Earnings Conference Call April 28, 2023 4:00 AM ET Company Participants Alison Rose - Chief Executive Officer Katie Murray - Chief Financial Officer Conference Call Participants Rohith Chandra-Rajan - Bank of America Alvaro Serrano - Morgan Stanley Chris Cant - Autonomous Aman Rakkar - Barclays Ed Firth - KBW Jonathan Pierce - Numis Jason Napier - UBS Fahed Kunwar - Redburn Rob Nobel - Deutsche Bank Raul Sinha - JPMorgan Omar Keenan - Credit Suisse Martin Leitgeb - Goldm ...