NatWest Group sees 2025 RoTE ‘at the upper end’ of 15%-16%

The company said, “The following statements are based on our current expectations for interest rates and economic conditions. We recognise increased global economic uncertainty and will monitor and react to market conditions and refine our internal forecasts as the economic position evolves. In 2025 we expect: to achieve a return on tangible equity at the upper end of our previously guided range of 15-16%. income excluding notable items to be at the upper end of our previously guided range of GBP 15.2B-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. our loan impairment rate to be below 20 basis points. RWAs to be in the range of GBP 190B-195B at the end of 2025, dependent on final CRD IV model outcomes.”