NatWest expects risk-weighted assets of around £210 billion on Jan. 1, 2027
NWG•NatWest expects risk-weighted assets of around £210 billion on Jan. 1, 2027, including Basel 3.1 effects, and reiterated its 2026 guidance. Nine-month income excluding notable items rose 9.3% to £13.3 billion, with return on tangible equity at 20.2%.
1. Guidance and results
NatWest reiterated 2026 guidance for income excluding notable items of about £17.9 billion and operating expenses of around £8.5 billion. It expects risk-weighted assets of around £210 billion on Jan. 1, 2027, including Basel 3.1 effects, return on tangible equity above 19% and a loan impairment rate below 25 basis points. Capital generation before distributions is expected above 240 basis points excluding the Evelyn Partners acquisition impact, or above 100 basis points reported. Nine-month income excluding notable items rose 9.3% to £13.3 billion, and return on tangible equity reached 20.2%.
