Business
NatWest Group plc Annual Results 2025
NatWest Group reported a strong 2025 performance with total income rising 13.2% to £16.6 billion, driven by net interest income growth of 13.8% to £12.8 billion and a 21 basis point increase in net interest margin to 2.34%. The bank achieved a Return on Tangible Equity of 19.2%, significantly up from 17.5% in 2024, with attributable profit increasing 21.2% to £5.5 billion. Operating expenses rose 1.4% to £8.3 billion, resulting in an improved cost:income ratio of 48.6% excluding litigation and conduct costs. The Common Equity Tier 1 ratio stood at a robust 14.0%, and the proposed final dividend of 23.0 pence per share brings the total for the year to 32.5 pence, a 51% increase. The group also announced plans for a £750 million share buyback program in the first half of 2026. Disclaimer*
About this update from Natwest Group Plc
[{"type":"text","content":"\n\nInside this report\n \n\n\n\n\nBusiness performance summary\n\n\n\n\n2\n\n\n2025 performance summary\n\n\n\n\n3\n\n\nGroup Chief Executive's review\n\n\n\n\n7\n\n\nPerformance key metrics and ratios\n\n\n\n\n9\n\n\nChief Financial Officer's review\n\n\n\n\n11\n\n\nRetail Banking\n\n\n\n\n12\n\n\nPrivate Banking & Wealth Management\n\n\n\n\n13\n\n\nCommercial & Institutional\n\n\n\n\n14\n\n\nCentral items & other\n\n\n\n\n15\n\n\nSegment performance\n\n\n\n\n \n\n\n \n\n\n\n\nRisk and capital management\n\n\n\n\n20\n\n\nCapital, liquidity and funding risk\n\n\n\n\n22\n\n\nCredit risk\n\n\n\n\n22\n\n\nMain macroeconomic variables\n\n\n\n\n23\n\n\nECL post model adjustments\n\n\n\n\n24\n\n\nSegment analysis - portfolio summary\n\n\n\n\n26\n\n\nAnalysis of ECL provisions\n\n\n\n\n \n\n\n\n\n\n\n\nFinancial statements and notes\n\n\n\n\n27\n\n\nCondensed consolidated income statement\n\n\n\n\n28\n\n\nCondensed consolidated statement of\n comprehensive income\n\n\n\n\n29\n\n\nCondensed consolidated balance sheet\n\n\n\n\n30\n\n\nCondensed consolidated statement of\n changes in equity\n\n\n\n\n32\n\n\nCondensed consolidated cash flow\n statement\n\n\n\n\n\n\n\n\n\n \n\n \n \n\n\n\n\nFinancial statements and notes continued\n\n\n \n\n\n\n\n33\n\n\nPresentation of condensed consolidated\n financial statements\n\n\n \n\n\n\n\n33\n\n\nTax\n\n\n \n\n\n\n\n34\n\n\nLitigation and regulatory matters\n\n\n \n\n\n\n\n36\n\n\nRelated party transactions\n\n\n \n\n\n\n\n36\n\n\nDividends\n\n\n \n\n\n\n\n36\n\n\nPost balance sheet events\n\n\n \n\n\n\n\n \n\n\n\n\n\n \n\n\n\n\nAdditional information\n\n\n\n\n37\n\n\nStatement of directors' responsibilities\n\n\n\n\n38\n\n\nPresentation of information\n\n\n\n\n38\n\n\nStatutory accounts\n\n\n\n\n38\n\n\nContacts\n\n\n\n\n38\n\n\nForward-looking statements\n\n\n\n\n \n\n\n\n\n\n \n\n\n\n\nAppendix\n\n\n\n\n40\n\n\nNon-IFRS financial measures\n\n\n \n\n\n\n\n46\n\n\nPerformance measures not defined\n under IFRS\n\n\n \n\n\n\n\n \n \n\n\n \n\n\n\n2025 performance summary\nChief Executive, Paul Thwaite, commented:\n\"2025 was another strong year for NatWest Group, rooted in the support we provide to people, families ...