Natwest Group Plc · LSE:NWG
Natwest — Q1 2025 Earnings Presentation
40 slides from Natwest's earnings presentation, 2025
Slide 1: Q1 2025 Interim Management Statement
Q1 2025 Interim Management Statement NatWest Group plc
Slide 2: Inside this report
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 1 Inside this report Business performance summary Additional information 2 Q1 2025 performance summary 33 Presentation of information 3 Performance key metrics and ratio
Slide 3: Q1 2025 performance summary
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 2 Q1 2025 performance summary Chief Executive, Paul Thwaite, commented: “Our strong first quarter performance demonstrates the positive momentum in our business as we de
Slide 4: Business performance summary
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 3 Business performance summary Quarter ended 31 March 31 December 31 March 2025 2024 2024 Summary consolidated income statement £m £m Variance £m Variance Net interest i
Slide 5: Business performance summary continued
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 4 Business performance summary continued As at 31 March 31 December 31 March 2025 2024 2024 £bn £bn Variance £bn Variance Balance sheet Total assets 710.0 708.0 0.3% 697
Slide 6: Chief Financial Officer's review
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 5 Chief Financial Officer’s review We delivered a strong performance in the first quarter of 2025 with an operating Robust balance sheet with strong capital and liquidit
Slide 7: Retail Banking
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 6 Business performance summary Retail Banking Total income was £39 million, or 2.6% higher than Q4 2024 reflecting deposit margin expansion, partly offset by the impac
Slide 8: Private Banking
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 7 Business performance summary continued Private Banking Total income was £7 million, or 2.6% lower than Q4 2024 primarily reflecting the non-repeat of a £13 million e
Slide 9: Commercial & Institutional
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 8 Business performance summary continued Commercial & Institutional Total income was £56 million, or 2.7%, higher than Q4 2024 primarily reflecting strong customer act
Slide 10: Central items & other
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 9 Business performance summary continued Central items & other Total income was £67 million higher than Q4 2024 primarily reflecting notable items including higher bus
Slide 11: Segment performance
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 10 Segment performance Quarter ended 31 March 2025 Retail Private Commercial & Central items Total NatWest Banking Banking Institutional & other Group £m £m £m £m £m Con
Slide 12: Segment performance continued
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 11 Segment performance continued Quarter ended 31 December 2024 Retail Private Commercial & Central items Total NatWest Banking Banking Institutional & other Group £m £m
Slide 13: Segment performance continued
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 12 Segment performance continued Quarter ended 31 March 2024 Retail Private Commercial & Central items Total NatWest Banking Banking Institutional & other Group £m £m £m
Slide 14: Risk and capital management: Credit risk
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 13 Risk and capital management Credit risk Segment analysis – portfolio summary The table below shows gross loans and expected credit loss (ECL), by segment and stage, w
Slide 15: Credit risk continued
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 14 Risk and capital management continued Credit risk continued Movement in ECL provision The table below shows the main ECL provision movements during the quarter. Segme
Slide 16: Credit risk continued: ECL post model adjustments
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 15 Risk and capital management continued Credit risk continued ECL post model adjustments The table below shows ECL post model adjustments. Retail Banking Private Commer
Slide 17: Credit risk: Sector analysis – portfolio summary
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 16 Risk and capital management continued Credit risk continued Sector analysis – portfolio summary The table below shows financial assets and off-balance sheet exposures
Slide 18: Sector analysis – portfolio summary continued
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 17 Risk and capital management continued Credit risk continued Sector analysis – portfolio summary continued Personal Non-Personal Corporate Financial Mortgages (1) Cred
Slide 19: Sector analysis – portfolio summary continued
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 18 Risk and capital management continued Credit risk continued Sector analysis – portfolio summary continued Personal Non-Personal Corporate Financial Mortgages (1) Cred
Slide 20: Sector analysis – portfolio summary continued
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 19 Risk and capital management continued Credit risk continued Sector analysis – portfolio summary continued Personal Non-Personal Corporate Financial Mortgages (1) Cred
Slide 21: Sector analysis – portfolio summary continued
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 20 Risk and capital management continued Credit risk continued Sector analysis – portfolio summary continued The table below shows ECL by stage, for the Personal portfol
Slide 22: Capital, liquidity and funding risk
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 21 Risk and capital management continued Capital, liquidity and funding risk NatWest Group takes a comprehensive approach to the management of capital, liquidity and fun
Slide 23: Maximum Distributable Amount and minimum capital requirements
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 22 Risk and capital management continued Capital, liquidity and funding risk continued Maximum Distributable Amount (MDA) and Minimum Capital Requirements NatWest Group
Slide 24: Capital and leverage ratios
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 23 Risk and capital management continued Capital, liquidity and funding risk continued Capital and leverage ratios The tables below show key prudential metrics calculate
Slide 25: Capital and leverage ratios continued
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 24 Risk and capital management continued Capital, liquidity and funding risk continued Capital and leverage ratios continued 31 March 31 December 2025 2024 Leverage £m £
Slide 26: Capital flow statement
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 25 Risk and capital management continued Capital, liquidity and funding risk continued Capital flow statement The table below analyses the movement in CET1, AT1 and Tier
Slide 27: Risk-weighted assets
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 26 Risk and capital management continued Capital, liquidity and funding risk continued Risk-weighted assets The table below analyses the movement in RWAs during the peri
Slide 28: Liquidity portfolio
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 27 Risk and capital management continued Capital, liquidity and funding risk continued Liquidity portfolio The table below shows the composition of the liquidity portfol
Slide 29: Condensed consolidated income statement
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 28 Condensed consolidated income statement for the period ended 31 March 2025 (unaudited) Quarter ended 31 March 31 December 31 March 2025 2024 2024 £m £m £m Interest re
Slide 30: Condensed consolidated statement of comprehensive income
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 29 Condensed consolidated statement of comprehensive income for the period ended 31 March 2025 (unaudited) Quarter ended 31 March 31 December 31 March 2025 2024 2024 £m
Slide 31: Condensed consolidated balance sheet
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 30 Condensed consolidated balance sheet as at 31 March 2025 (unaudited) 31 March 31 December 2025 2024 £m £m Assets Cash and balances at central banks 99,045 92,994 Trad
Slide 32: Condensed consolidated statement of changes in equity
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 31 Condensed consolidated statement of changes in equity for the period ended 31 March 2025 (unaudited) Share Other Other reserves Total Non capital and Paid-in statutor
Slide 33: Notes
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 32 Notes 1. Presentation of condensed consolidated financial 3. Post balance sheet events statements On 20 June 2024 NatWest Group announced it had entered into an agree
Slide 34: Presentation of information, Forward-looking statements, Statutory accounts
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 33 Presentation of information Forward-looking statements ‘Parent company’ refers to NatWest Group plc, and ‘NatWest Group’, ‘Group’ or ‘we’ This document may include fo
Slide 35: Non-IFRS financial measures
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 34 Non-IFRS financial measures NatWest Group prepares its financial statements in accordance with UK-adopted International Accounting Standards (IAS) and International F
Slide 36: Non-IFRS financial measures continued
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 35 Non-IFRS financial measures continued Measure Description Net interest margin (NIM) and average interest Net interest margin is net interest income, as a percentage o
Slide 37: Non-IFRS financial measures continued
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 36 Non-IFRS financial measures continued 1. Total income excluding notable items Quarter ended 31 March 31 December 31 March 2025 2024 2024 £m £m £m Continuing operation
Slide 38: Non-IFRS financial measures continued
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 37 Non-IFRS financial measures continued 4. Operating expenses excluding litigation and conduct Quarter ended 31 March 31 December 31 March 2025 2024 2024 £m £m £m Other
Slide 39: Return on tangible equity and segmental return on equity
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 38 Non-IFRS financial measures continued 7. NatWest Group return on tangible equity Quarter ended or as at 31 March 31 December 31 March 2025 2024 2024 £m £m £m Profit a
Slide 40: Performance measures not defined under IFRS
Business performance Risk and capital Financial Additional NatWest Group Q1 2025 Results summary management statements information 39 Performance measures not defined under IFRS The table below summarises other performance measures used by NatWest Group, not defined under IFRS, and therefore a recon