Government Stake Sold
NatWest Group is now privately owned for the first time in 17 years, marking a significant milestone and attracting new investors.
Strong Financial Performance
Income grew 13.7% to GBP 8 billion, while costs reduced 1.4% to GBP 3.9 billion. Operating profit was GBP 3.6 billion with an attributable profit of GBP 2.5 billion. Return on tangible equity reached 18.1% with earnings per share up 28% at 31p.
Notable Dividend Increase
Announced an interim dividend of 9.5p, up 58%, reflecting a higher payout ratio.
Customer Growth and Expansion
Attracted over 100,000 new customers organically and 1 million new customers from the Sainsbury's transaction, along with substantial growth in customer lending and deposits.
Positive Strategic Progress
Made significant progress in strategic priorities, including disciplined growth, bank-wide simplification, and increased productivity. Announced a GBP 750 million share buyback.
Sustainable Finance Achievements
Overdelivered on GBP 100 billion target for climate and sustainable funding and financing, reaching GBP 110 billion. Announced a new target to deliver GBP 200 billion by 2030.
Digital and AI Advancements
Digitized over 30 customer journeys and announced a strategic collaboration with AWS and Accenture to modernize data capabilities, including AI-driven customer data platforms.