NatWest sees Basel 3.1 lifting RWAs by about GBP 10 billion from Jan. 1, 2027 - NWG News | RalliesNatWest sees Basel 3.1 lifting RWAs by about GBP 10 billion from Jan. 1, 2027
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NWG• Basel 3.1 impact and 2026 expectations
- NatWest sees Basel 3.1 lifting RWAs by about GBP 10 billion from Jan. 1, 2027.
- NatWest Q3 2026 consensus points to income of £4.64 billion, including net interest income of £3.62 billion on a 2.52% net interest margin.
- Profit forecast at £1.62 billion, reflecting operating expenses of £2.2 billion, impairment losses of £233 million, and a cost:income ratio of 46.1%.
- FY 2026 expectations show income of £18.21 billion, profit of £6.32 billion, earnings per share of 75.5p, and ordinary DPS of 37.6p.
- Capital outlook for FY 2026 implies a CET1 ratio of 12.7% on risk-weighted assets of £214.6 billion, with buybacks of £561 million.
- Rate assumptions embed a UK base rate of 3.8% at period-end for Q3 2026 and 3.79% average for the quarter.
