Business
2025 Bank of England stress test results
NatWest Group plc has announced the results of the Bank of England's 2025 stress test, demonstrating the strength of its balance sheet. The Group's projected low point Common Equity Tier 1 ratio under a severe scenario was 11.1%, down from an actual 13.6% at December 2024, and its low point Tier 1 leverage ratio was 4.7%, down from 5.0% at December 2024. Both figures are significantly above the stress minimum requirements, indicating no strategic management actions are needed and reinforcing the Group's ability to support customers and the economy. Disclaimer*
About this update from Natwest Group Plc
[{"type":"text","content":"\n\nNatWest Group plc\n2 December 2025\nNatWest Group plc\n2025 Bank of England stress test results\n2 December 2025\nNatWest Group (\"the Group\") notes the announcement made today by the Bank of England (\"BoE\") regarding the results of its 2025 stress test. The test explores whether the Group has sufficient capital to withstand a severe but plausible scenario starting with the Group's balance sheet as at 31st December 2024, and compares the theoretical Common Equity Tier 1 (\"CET1\") ratio and Tier 1 leverage ratio positions of the Group before and after the impact of strategic management actions.\nUnder this scenario, the Group's low point CET1 ratio would have been 11.1% (December 2024 actual: 13.6%), and the Group's low point Tier 1 leverage ratio would have been 4.7% (December 2024 actual: 5.0%), both significantly ahead of the stress minimum requirement, and sufficient to ensure that no strategic management actions would be required.\nCommenting on the results, Katie Murray, Chief Financial Officer, said:\n\"This exercise has highlighted again the strength of NatWest Group's balance sheet, delivering sustainable value creation and strong distributions for shareholders.\nThe results also reflect the continued strengthening of our balance sheet since the 2022/23 Stress Test, underpinning our ability to support our customers and the broader economy, including under a severe stress scenario.\"\nFor further information, please contact:\nInvestor Relations\n+44 (0) 20 7672 1758\nMedia Relations\n+44 (0) 131 523 4205\n \nForward-looking statements\nThis announcement may include forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, such as statements with respect to NatWest Group's financial condition, results of operations and business, including its strategic priorities, financial, investment and capital targets, and climate and sustainability related targets, commitments and ambitions described herein. Statements that are not historical facts, including statements about NatWest Group's beliefs and expectations, are forward-looking statements. Words, such as 'expect', 'estimate', 'project', 'anticipate', 'commit', 'believe', 'should', 'intend', 'will', 'plan', 'could', 'target', 'goal', 'objective', 'may', 'outlook', 'prospects' and similar expressions or var...