Business
NWM NV H1 2023 Interim Management Statement
NWM NV H1 2023 Interim Management Statement.
About this update from Natwest Group Plc
[{"type":"text","content":"\n\n\n \n \n \nNatWest Markets N.V.\nInterim Results 2023\n \n \n \n \n \n\n\n\nNatWest Markets N.V.\nResults for the half year ended 30 June 2023\nOverview of the half year\nIn H1 2023, we have continued to focus on our strengths to support our customers' evolving needs with financing and risk solutions. Our improved connectivity as part of the NatWest Group Commercial & Institutional segment is enabling us to unlock further opportunities for growth and to build even deeper relationships with NatWest Group customers.\nWe have delivered a strong performance in the first half of the year and maintained our robust 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 and higher interest rates are having on our customers.\nAs of 30 June 2023, NWM N.V. surpassed a balance sheet total of €30 billion at the regulatory consolidated level. By exceeding this threshold, NWM N.V. will most likely qualify as a \"significant institution\" in the foreseeable future, which may result in changes to supervision and regulations applicable to it. \nClimate and sustainable funding and financing have continued to perform well, and as at the end of H1 2023 we had delivered €14.7 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 2023, Anne Snel stepped down as Supervisory Board Member following the conclusion of her term of appointment.\nOutlook(2)\nWe retain the Outlook for the CET1 ratio and leverage ratio as set out in NatWest Markets N.V. 2022 Annual Report and Accounts. NWM N.V. Group intends to issue potentially up to €1 billion in 2023, subject to the evolution of asset origination, through a mix of public benchmark transactions and private placements.\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 \n \n \n(1) This comprises funding and financing for clim...