Business
NWM N.V. 2024 Interim Results
NWM N.V. 2024 Interim Results.
About this update from Natwest Group Plc
[{"type":"text","content":"\n\n\n \n \n \n \n\n\n\n\nNatWest Markets N.V.\n Interim Results 2024\n \n \n \n\n\n\nNatWest Markets N.V.\nResults for the half year ended 30 June 2024\nAs part of the NatWest Group Commercial & Institutional segment, we continued to support customers in navigating their financing and risk solutions requirements in the prevailing high interest rate market and geopolitical outlook. We will maintain our focus on leveraging growth opportunities through the delivery of markets products and collaboration across the segment to meet our customers' needs.\nClimate and sustainable funding and financing have continued to perform well, and up to 30 June 2024 NWM N.V. has delivered €25.6 billion towards the NatWest Group climate and sustainable funding and financing target(1)of £100 billion between 1 July 2021 and the end of 2025.\nManagement Board and Supervisory Board update\nIn March 2024, Marije Elkenbracht stepped down as NWM N.V. Chief Risk Officer and Managing Board member. While a search is underway to identify a permanent successor, Spencer Lloyd is leading the Risk Management Function on an interim basis.\nIn April 2024, Frank Dangeard became Chairman of the NWM N.V. Supervisory Board. Robert Begbie stepped down from his role as Chairman while remaining a member of the Supervisory Board.\nIn May 2024, Mickey van Wieringen was appointed Managing Board member and Chief Operating Officer on a permanent basis.\nOutlook(2)\nWe retain the outlook for the Common Equity Tier 1 (CET1) ratio and leverage ratio as set out in the NatWest Markets N.V. 2023 Annual Report and Accounts.\n\n \n(1) NatWest Group uses its climate and sustainable funding and financing inclusion (CSFFI) criteria to determine the assets, activities and companies that are eligible to be counted towards its climate and sustainable funding and financing target. This includes both provision of committed (on and off-balance sheet) funding and financing, including provision of services for underwriting issuances and private placements.\n(2) The targets, expectations and trends discussed in this section represent management's current expectations and are subject to change, including as a result of the factors described in the Risk Factors secti...