NatWest Group sees 2025 RoTE 15%-16%

Expects income excluding notable items to be in the range of GBP 15.2-15.7B. Group operating costs, excluding litigation and conduct costs, to be around GBP 8.1B including GBP 0.1B of one-time integration costs. Loan impairment rate to be below 20 basis points. RWAs to be to be in the range of GBP 190-195B at the end of 2025, dependent on final CRD IV model outcomes.