NatWest Group PLC (NWG) Q3 2025 Earnings Call

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WEBVTT 00:00:00.183 -- 00:00:05.994 Good morning and welcome to the NatWest Group Q3 Results 2025 management presentation. 00:00:05.994 -- 00:00:11.304 Today's presentation will be hosted by CEO Paul Thwaite and CFO Katie Murray. 00:00:11.304 -- 00:00:14.987 After the presentation we will take questions. 00:00:16.052 -- 00:00:18.036 Good morning and thanks for joining us today. 00:00:18.036 -- 00:00:22.745 I'll start with a short introduction before I hand over to Katie to take you through 00:00:22.745 -- 00:00:27.723 the numbers. We have delivered another strong quarter as we continue to execute on our 00:00:27.723 -- 00:00:32.828 priorities of disciplined growth, bank-wide simplification, together with managing 00:00:32.828 -- 00:00:38.774 our balance sheet and risk well. Though inflation is above the Bank of England's 2% target, 00:00:38.774 -- 00:00:44.519 the economy is growing, unemployment is low, wage growth is above the rate of inflation, 00:00:44.519 -- 00:00:50.025 and businesses and households have relatively high levels of savings and liquidity. 00:00:50.025 -- 00:00:54.385 This is reflected in the levels of customer activity we're seeing across the bank. 00:00:54.385 -- 00:00:58.191 So let me start with the headlines for the first nine months. 00:00:58.191 -- 00:01:01.435 Lending has grown 4.4% 00:01:01.435 -- 00:01:06.142 since the year end to £388 billion, in line with our annual growth rate of more than 00:01:06.142 -- 00:01:09.467 4% over the past six years. 00:01:09.467 -- 00:01:14.294 Growth has been broad-based across our three businesses and we attracted a further 70,000 00:01:14.294 -- 00:01:19.380 new customers in the quarter. Mortgage lending was up by more than £5 billion for the 00:01:19.380 -- 00:01:23.845 first nine months as we broadened...