NatWest Group Balance Sheet Health
Financial Health criteria checks 5/6
NatWest Group has total assets of £711.9B and total equity of £38.5B. Total deposits are £460.3B, and total loans are £361.6B earning a Net Interest Margin of 2.1%. It has insufficient allowance for bad loans, which are currently at 1.7% of total loans. Cash and short-term investments are £260.7B.
Key information
18.5x
Asset to equity ratio
2.1%
Net interest margin
| Total deposits | UK£460.34b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 1.7% |
| Allowance for bad loans | Low |
| Current ratio | Low |
| Cash & equivalents | UK£260.65b |
Recent financial health updates
No updates
Recent updates
NatWest: Time To Rightsize After Giant Rise In 2024
Jan 02NatWest Q3 2024 Earnings Preview: Positive Performance Trend May Continue
Oct 23NatWest: Another Exceptional Quarter
Jul 31NatWest: Recent Rally Leaves Shares Fully Valued (Rating Downgrade)
May 11NatWest Group: Continued Loan Growth Encouraging Despite Pressure On Net Interest Income
May 02NatWest: Shares Remain Cheap Despite Reduced Financial Targets
Feb 22NatWest: Challenging Operating Environment May Lead To A Lower Share Price
Jan 17NatWest: A Poor Q3 Doesn't Justify The Drop
Oct 28NatWest Group: Customer Loan Growth Remains Strong Despite Macroeconomic Pressures
Sep 18NatWest: U.K. Bank Looks Cheap But Faces A Downbeat Economy
Jun 27NatWest: Good Performance, But A Hold
Jun 17NatWest GAAP EPS of 13.10p, total income of £3.71B; issues outlook for FY23 and beyond
Feb 17NatWest: A Banking Phoenix Has Risen
Jan 23NatWest: Remains Attractive Long-Term Despite A Monster Q4 Rally
Jan 17NatWest: Benefiting From Higher Interest Rates But Questions Open On Costs
Nov 05NatWest GAAP EPS of 1.90p, total income of €3.23B
Oct 28NatWest Group: Management Returns A Huge Amount To Shareholders
Sep 27NatWest GAAP EPS of €11.00, total income of €104M
Jul 29NatWest Group: An Analysis Of ECL Provisions
Jul 16NatWest Now Free To Be The Income Story Investors Want
Mar 04NatWest Group: Latest Irish Exit Clears The Path For Medium-Term Upside
Jan 03NatWest Still Has Some Upside Left As Capital Returns Ramp Up
Aug 18NatWest Group: Stay Bullish Heading Into The Upcoming Earnings Report
Jul 25Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: NWG's Assets to Equity ratio (18.5x) is moderate.
Allowance for Bad Loans: NWG has a low allowance for bad loans (58%).
Low Risk Liabilities: 68% of NWG's liabilities are made up of primarily low risk sources of funding.
Loan Level: NWG has an appropriate level of Loans to Assets ratio (51%).
Low Risk Deposits: NWG's Loans to Deposits ratio (79%) is appropriate.
Level of Bad Loans: NWG has an appropriate level of bad loans (1.7%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/08 11:56 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
NatWest Group plc is covered by 50 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Grinsztajn | AlphaValue |
| Arturo de Frias Marques | Banco Santander |
| Thomas Andrew Rayner | Barclays |