Financial Performance Overview

NatWest Group PLC disclosed its financial outcomes for the fiscal year 2024, revealing a marginal 0.3% decrease in total income, settling at £14.7 billion. However, when excluding notable items, the bank experienced a 2.2% growth, reaching £14.6 billion.

Profit and Earnings Growth

The operating profit before tax saw a slight increase of 0.3%, amounting to £6.2 billion. Additionally, the basic earnings per share (EPS) rose from 47.9 to 53.5 pence, and the return on tangible equity (RoTE) was reported at 17.5%.

Leadership's Optimistic Outlook

Chief Executive Paul Thwaite expressed optimism about the bank's future, stating, "As we enter a new, forward-looking chapter for NatWest Group, I am optimistic about the opportunities ahead of us to grow our business as a vital and trusted partner to our customers and the UK itself and, in doing so, create further value for our shareholders." He also noted that the results surpassed the bank's upgraded guidance.