A stronger financial showing has prompted NatWest to sharpen its future ambitions. The lender reported better-than-expected quarterly results and set higher performance benchmarks for the years ahead, signaling confidence in its growth roadmap.
The bank delivered results ahead of market projections. Annual pretax profit rose to £7.7bn, surpassing analyst estimates of £7.5bn. Revenue and overall earnings reflected steady progress. Growth in lending and wealth management income played a key role in supporting the improved outcome.
Leadership also outlined measures to enhance shareholder value. The bank announced a £750m share buyback program planned for the 1st half of the year. In addition, it raised its long-term return on tangible equity target to more than 18% by 2028, compared with its earlier goal of above 15% by 2027.
A major strategic step includes the planned acquisition of a large wealth management firm for £2.7bn. The transaction will strengthen its footprint in private banking and wealth services. It is also set to be the lender’s biggest acquisition in recent years.
Despite the earnings beat and updated targets, the bank’s shares declined slightly in trading. The dip reflected investor caution around execution challenges and wider sector pressures. Even so, management reiterated confidence in the bank’s ability to deliver stable growth and improved returns.
The latest performance and upgraded outlook underline a clear focus on profitability and shareholder returns. With capital returns underway and expansion in wealth management advancing, the bank is positioning itself for stronger financial momentum in the coming years.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter
About us:
The Mainstream is a premier platform delivering the latest updates and informed perspectives across the technology business and cyber landscape. Built on research-driven, thought leadership and original intellectual property, The Mainstream also curates summits & conferences that convene decision makers to explore how technology reshapes industries and leadership. With a growing presence in India and globally across the Middle East, Africa, ASEAN, the USA, the UK and Australia, The Mainstream carries a vision to bring the latest happenings and insights to 8.2 billion people and to place technology at the centre of conversation for leaders navigating the future
