NatWest Group (NYSE:NWG) reported a significant increase in second-quarter income and profit, driven by lending growth and higher non-interest income. The bank’s second-quarter income was £4.4 billion, up 5.4% from the prior quarter, with an operating profit rising by 12.4% to £2.3 billion, while profit attributable to ordinary shareholders was £1.6 billion. The return on tangible equity for the first half was 19.7%, with the bank raising its 2026 return-on-tangible-equity guidance to over 19%.
Customer assets increased by £86.8 billion, or 9.6%, to £986.9 billion, boosted by the acquisition of Evelyn Partners. Loans in Retail Banking and Private Banking rose by £4 billion, including a £3.9 billion increase in mortgages. The bank recorded a £140 million impairment charge in the second quarter, and it expects a full-year loan impairment rate below 25 basis points.
NatWest’s capital position remains strong, with a CET1 ratio of 13.2% after the acquisition and a total capital ratio of 18.9%. The bank issued £2.7 billion in senior debt and additional securities in the first half and projects full-year income of approximately £17.9 billion, with operating expenses around £8.5 billion.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
