REG - NatWest Group plc - Filing of Annual Report on Form 20-F with US SEC

NatwestAnnouncement

24/02/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250224:nRSX1046Ya&default-theme=true

RNS Number : 1046Y  NatWest Group plc  24 February 2025

 

FILING OF ANNUAL REPORT ON FORM 20-F WITH US SEC

 

NatWest Group plc (the "Company") announces that, on 21 February 2025, it
filed its Annual Report on Form 20-F with the US Securities and Exchange
Commission (SEC).  The document is available for viewing on the SEC website
at www.sec.gov (http://www.sec.gov/)  and also on the Company's website
at www.natwestgroup.com (http://www.natwestgroup.com/) .  The Company will
send any holder of the Company's securities, upon request, a hard copy of the
Company's complete audited financial statements free of charge.  Requests may
be made by writing to the Chief Governance Officer and Company Secretary,
NatWest Group plc, Gogarburn, PO Box 1000, Edinburgh EH12 1HQ.

 

 

Gary Moore

Chief Governance Officer and Company Secretary

24 February 2025

 

 

 

 Legal Entity Identifier

 NatWest Group plc  2138005O9XJIJN4JPN90

 

 

 

 

Forward-looking statements

Cautionary statement regarding forward-looking statements

Certain sections in this document contain 'forward-looking statements' as that
term is defined in the United States Private Securities Litigation Reform Act
of 1995, such as statements with respect to NatWest Group's financial
condition, results of operations and business, including its strategic
priorities, financial, investment and capital targets, and climate and
sustainability-related targets, commitments and ambitions described herein.
Statements that are not historical facts, including statements about NatWest
Group's beliefs and expectations, are forward-looking statements. Words such
as 'expect', 'estimate', 'project', 'anticipate', 'commit', 'believe',
'should', 'intend', 'will', 'plan', 'could', 'probability', 'risk', 'target',
'goal', 'objective', 'may', 'endeavour', 'outlook', 'optimistic', 'prospects'
and similar expressions or variations on these expressions are intended to
identify forward-looking statements. In particular, this document includes
forward-looking targets and guidance relating to financial performance
measures, such as income growth, operating expense, RoTE, ROE, discretionary
capital distribution targets, impairment loss rates, balance sheet reduction,
including the reduction of RWAs, CET1 ratio (and key drivers of the CET1 ratio
including timing, impact and details), Pillar 2 and other regulatory buffer
requirements and MREL and non-financial performance measures, such as NatWest
Group's initial area of focus, climate and sustainability-related performance
ambitions, targets and metrics, including in relation to initiatives to
transition to a net zero economy, climate and sustainable funding and
financing and financed emissions.

Limitations inherent to forward-looking statements

These statements are based on current plans, expectations, estimates, targets
and projections, and are subject to significant inherent risks, uncertainties
and other factors, both external and relating to NatWest Group's strategy or
operations, which may result in NatWest Group being unable to achieve the
current plans, expectations, estimates, targets, projections and other
anticipated outcomes expressed or implied by such forward-looking statements.
In addition, certain of these disclosures are dependent on choices relying on
key model characteristics and assumptions and are subject to various
limitations, including assumptions and estimates made by management. By their
nature, certain of these disclosures are only estimates and, as a result,
actual future results, gains or losses could differ materially from those that
have been estimated. Accordingly, undue reliance should not be placed on these
statements. The forward-looking statements contained in this document speak
only as of the date we make them and we expressly disclaim any obligation or
undertaking to update or revise any forward-looking statements contained
herein, whether to reflect any change in our expectations with regard thereto,
any change in events, conditions or circumstances on which any such statement
is based, or otherwise, except to the extent legally required.

Important factors that could affect the actual outcome of the forward-looking
statements

We caution you that a large number of important factors could adversely affect
our results or our ability to implement our strategy, cause us to fail to meet
our targets, predictions, expectations and other anticipated outcomes or
affect the accuracy of forward-looking statements described in this document.
These factors include, but are not limited to, those set forth in the risk
factors and the other uncertainties described in NatWest Group plc's Annual
Report on Form 20-F and its other filings with the US Securities and Exchange
Commission. The principal risks and uncertainties that could adversely affect
NatWest Group's future results, its financial condition and/or prospects and
cause them to be materially different from what is forecast or expected,
include, but are not limited to: economic and political risk (including in
respect of: political and economic risks and uncertainty in the UK and global
markets, including as a result of inflation and interest rates, supply chain
disruption and geopolitical developments); changes in interest rates and
foreign currency exchange rates; and HM Treasury's ownership of NatWest Group
plc); business change and execution  risk (including in respect of the
implementation of NatWest Group's strategy; future acquisitions and
divestments, and the transfer of its Western European corporate portfolio);
financial resilience risk (including in respect of: NatWest Group's ability to
meet targets and to make discretionary capital distributions; the competitive
environment; counterparty and borrower risk; liquidity and funding risks;
prudential regulatory requirements for capital and MREL; reductions in the
credit ratings; the requirements of regulatory stress tests; model risk;
sensitivity to accounting policies, judgments, estimates and assumptions (and
the economic, climate, competitive and other forward looking information
affecting those judgments, estimates and assumptions); changes in applicable
accounting standards; the value or effectiveness of credit protection; the
adequacy of NatWest Group's future assessments by the Prudential Regulation
Authority and the Bank of England; and the application of UK statutory
stabilisation or resolution powers); climate and sustainability risk
(including in respect of: risks relating to climate and sustainability-related
risks; both the execution and reputational risk relating to NatWest Group's
climate change-related strategy, ambitions, targets and transition plan;
climate and sustainability-related data and model risk; increasing levels of
climate, environmental, human rights and sustainability-related regulation and
oversight; and increasing; climate, environmental and sustainability-related
litigation, enforcement proceedings investigations and conduct risk);
operational and IT resilience risk (including in respect of: operational risks
(including reliance on third party suppliers); cyberattacks; the accuracy and
effective use of data; complex IT systems; attracting, retaining and
developing diverse senior management and skilled personnel; NatWest Group's
risk management framework; and reputational risk); and legal, regulatory and
conduct risk (including in respect of: the impact of substantial regulation
and oversight; the outcome of legal, regulatory and governmental actions,
investigations and remedial undertakings; and changes in tax legislation or
failure to generate future taxable profits).

Cautionary statement regarding Non-IFRS financial measures and APMs

NatWest Group prepares its financial statements in accordance with UK-adopted
International Accounting Standards (IAS) and International Financial Reporting
Standards (IFRS). This document may contain financial measures and ratios not
specifically defined under GAAP or IFRS ('Non-IFRS') and/or alternative
performance measures ('APMs') as defined in European Securities and Markets
Authority ('ESMA') guidelines. Non-IFRS measures and APMs are adjusted for
notable and other defined items which management believes are not
representative of the underlying performance of the business and which distort
period-on-period comparison. Non-IFRS measures provide users of the financial
statements with a consistent basis for comparing business performance between
financial periods and information on elements of performance that are one-off
in nature. Any Non-IFRS measures and/or APMs included in this document, are
not measures within the scope of IFRS, are based on a number of assumptions
that are subject to uncertainties and change, and are not a substitute for
IFRS measures.

The information, statements and opinions contained in this document do not
constitute a public offer under any applicable legislation or an offer to sell
or a solicitation of an offer to buy any securities or financial instruments
or any advice or recommendation with respect to such securities or other
financial instruments.

 

Climate and sustainability-related disclosures

Climate and sustainability-related disclosures in this document are not
measures within the scope of International Financial Reporting Standards
('IFRS'), use a greater number and level of judgments, assumptions and
estimates, including with respect to the classification of climate and
sustainable funding and financing activities, than our reporting of historical
financial information in accordance with IFRS. These judgments, assumptions
and estimates are highly likely to change materially over time, and, when
coupled with the longer time frames used in these disclosures, make any
assessment of materiality inherently uncertain. In addition, our climate risk
analysis, our ambition to be net zero across our financed emissions, assets
under management and operational value chain by 2050 and the implementation of
our climate transition plan remain under development, and the data underlying
our analysis and strategy remain subject to evolution over time. The process
we have adopted to define, gather and report data on our performance on
climate and sustainability-related measures is not subject to the formal
processes adopted for financial reporting in accordance with IFRS and there
are currently limited industry standards or globally recognised established
practices for measuring and defining climate and sustainability-related
metrics. As a result, we expect that certain climate and
sustainability-related disclosures made in this document are likely to be
amended, updated, recalculated or restated in the future. Please also refer to
the cautionary statement in the section entitled 'Climate and
sustainability-related and other forward-looking statements and metrics' of
the NatWest Group 2024 Sustainability Report.

 

 

END

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ACSKFLFLELLLBBZ