Business
Interim Results - NatWest Markets N.V.
Interim Results - NatWest Markets N.V..
About this update from Natwest Group Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n NatWest Markets N.V.\n \n \n \n \n Interim Results 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n NatWest Markets N.V.\n \n \n Results for the half year ended 30 June 2022\n \n \n \n \n \n \n \n Growing sustainably\n \n \n In H1 2022, we have made good progress through our One Bank initiatives to grow in our target customer segment and markets. The creation of NatWest Group's new Commercial and Institutional franchise (C&I) announced in January 2022, which includes NatWest Markets, will provide further opportunities to deepen our customer relationships and drive sustainable income growth across the C&I franchise.\n \n \n Against a backdrop of challenging market conditions and reduced levels of market liquidity in Fixed Income markets, we have overall delivered a strong financial performance in the first half of the year and maintained our strong capital and liquidity position. We continue to monitor the evolving economic outlook including the continued rise in cost of living and are mindful of the impact that rising inflation, higher interest rates and supply-chain shortages are having on our customers. We continue to monitor the situation closely regarding the Russian invasion of Ukraine. NatWest Markets N.V. (NWM N.V.) has no material direct exposure to the region through our operations or material dependencies on suppliers.\n \n \n We continue to make progress in our remediation programmes relating to Financial Crime, Data Management, Outsourcing and Capital Models and our progress is shared regularly with the relevant supervisors.\n \n \n Climate and sustainable funding and financing have continued to perform well, and as at the end of H1 2022 we had delivered €5.3 billion towards the NatWest Group climate and sustainable funding and financing target of £100 billion between 1 July 2021 and the end of 2025.\n \n \n Management Board and Supervisory Board update\n \n \n In May 2022, Vincent Goedegebuure joined NWM N.V. as Chief Executive Officer and Chairman of the Managing Board.\n \n \n In April 2022, David King stepped down as Chief Financial Officer of NatWest Markets Plc (NWM Plc) and, as a resu...