NatWest Publishes Q3 2026 Results Call Transcript

By Public Technologies
  • NatWest's October 30, 2026, third-quarter results call featured CEO Paul Thwaite and CFO Katie Murray.
  • Management expects broadly stable net interest margins in 2027, with average interest-earning asset growth tracking loan growth.
  • Structural hedge income is expected to rise by more than £1 billion to over £7 billion, with over three-quarters already locked in.
  • Full-year 2026 guidance remains around £17.9 billion for income excluding notable items, with operating expenses around £8.5 billion.
  • Risk-weighted assets are now forecast at around £210 billion on January 1, 2027; the next buyback announcement is expected in February.


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