Banks
NatWest Group is one of the UK's largest banking groups, serving personal, business, commercial and private-banking customers. Earnings are driven mainly by UK deposits, lending, fees and capital markets activity, with a strong focus on capital returns.
Current accounts, savings, mortgages, personal and business lending, commercial banking, private banking and wealth management, plus institutional banking and markets services through NatWest Markets.
Primarily the United Kingdom, with a leading position in retail and commercial banking and selected international activity for corporate and institutional clients.
Net interest margin, deposit pricing, loan growth, credit quality, fee income, wealth assets, operating costs, UK interest rates and the scale of dividends and share buybacks.
Falling interest rates and margin pressure, recession and credit losses, regulation and conduct costs, cyber risk, mortgage competition, capital requirements and execution of acquisitions or restructuring.
25 July 2026: first-half attributable profit was about £3.0bn and return on tangible equity 19.7%. Management lifted 2026 total-income guidance to around £17.9bn and expects RoTE above 19%; investors should also watch the integration of Evelyn Partners and the estimated c.£10bn increase in risk-weighted assets when Basel 3.1 starts in January 2027.
Strong capital-return policy, with ordinary dividends targeted at around 50% of attributable profit alongside buybacks. The 2025 final dividend was 23.0p, ex-dividend 19 March 2026 and paid 5 May. The 2026 interim is 12.0p, ex-dividend 13 August and payable 18 September 2026.
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