Sees FY return on tangible equity above 14% (Il Sole 24 Ore Radiocor) - London, 26 Jul - In 2024, NatWest now expects to achieve a return on tangible equity above 14%, income excluding notable items to be around 14.0 billion pounds, operating costs, excluding litigation and conduct costs, to be broadly stable compared with 2023 and a loan impairment rate to be below 15 basis points.

In 2026, it continues to expect to achieve a return on tangible equity greater than 13%.

The bank said that it continues to target a CET1 ratio in the range of 13-14%, expect RWAs to be around 200 billion pounds at the end of 2025, and to pay ordinary dividends of around 40% of attributable profit and maintain capacity to participate in directed buybacks from the UK government.

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(RADIOCOR) 26-07-24 08:50:43 (0187) 5 NNNN