NatWest Group plc (NWG)

NatWest Group is a UK-based banking and financial services group. Its business is built around taking customer deposits, lending to individuals and businesses, and providing wealth management, payments, foreign exchange and markets trading services. In 2025 it reported total income of £16.6 billion, profit attributable to ordinary shareholders of £5.5 billion, total assets of £714.6 billion, net loans to customers of £418.9 billion and customer deposits of £443.0 billion. It is pursuing a strategy of becoming a simpler, more agile and technology-driven bank, using digitisation, AI and data transformation, and it is withdrawing in phases from the Republic of Ireland.

The group reports through three customer-facing segments plus a Central segment. Retail Banking offers current accounts, savings, mortgages, cards and personal advances, including Premier and youth propositions and a Family-Backed Mortgage product. It earned an operating profit of £3.1 billion in 2025 and absorbed balances acquired from Sainsbury's Bank. Private Banking & Wealth Management, which includes Coutts, serves high net worth and ultra-high net worth clients with deposits, lending and investment services. It had assets under management and administration of £58.5 billion, including Cushon flows, and an operating profit of £394 million. Commercial & Institutional comprises Business Banking, Commercial Mid-market and Corporate & Institutions, providing lending, deposits, FX and markets trading, and asset finance. It reported an operating profit that supported a return on equity of 19.1%. Central items and Treasury manage the balance sheet, liquidity and structural hedge.

Retail Banking supports 19 million customers, including 2.4 million youth customers and 529,000 Premier customers, with around 30% of 2025 gross mortgage lending going to first-time buyers. Commercial & Institutional serves businesses from small enterprises to large corporates and institutions, with a focus on UK priorities such as social housing and infrastructure; it committed over £4.6 billion of social housing lending in 2025 and provided £16.2 billion of climate and transition finance. Private Banking & Wealth Management focuses on affluent and wealthy individuals. The main market is the UK.

On the operating side, the group funds itself mainly through customer deposits, supplemented by wholesale funding, and holds a liquidity portfolio with primary liquidity of £157.3 billion and an average liquidity coverage ratio of 147%. Risk-weighted assets were £193.3 billion and the CET1 ratio was 14.0%, against a target range of 13-14%. Operating costs include staff, premises and equipment (with growing cloud use), and depreciation and amortisation. The text does not identify specific suppliers, manufacturing or competitors.