Financial Performance Overview

NatWest Group PLC has disclosed a marginal decrease of 0.3% in its total income for the fiscal year 2024, settling at £14.7 billion. Despite this slight downturn, the bank showcased resilience with a 2.2% growth in income, excluding notable items, reaching £14.6 billion.

Profit and Earnings Growth

The bank's operating profit before tax saw a modest increase of 0.3%, amounting to £6.2 billion. Furthermore, NatWest reported an uplift in its basic earnings per share (EPS) from 47.9 to 53.5 pence, alongside a return on tangible equity (RoTE) of 17.5%.

Leadership's Optimistic Vision

"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," stated Chief Executive Paul Thwaite. He emphasized that the financial outcomes surpassed the bank's upgraded guidance, signaling a promising trajectory for future growth.