REG - NatWest Group plc - NatWest Group–Segmental reporting re-presentation

NatwestAnnouncement

22/04/2022 08:00

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RNS Number : 0327J  NatWest Group plc  22 April 2022

 

 

 

 

NatWest Group plc 22 April 2022

NatWest Group - Segmental reporting re-presentation

NatWest Group plc ("NatWest Group") has today published details of the change
in operating segments that it announced on 27 January 2022
(https://www.natwestgroup.com/news/2022/01/natwest-group-brings-together-new-commercial-institutional-franchise.html
(https://www.natwestgroup.com/news/2022/01/natwest-group-brings-together-new-commercial-institutional-franchise.html)
). Previously reported financial information has been re-presented in the new
operating segments to aid comparison of NatWest Group's forthcoming Q1 2022
results with prior periods.  The re-presentation does not change the
consolidated financial results of NatWest Group.

On 27 January 2022, NatWest Group announced that a new franchise, Commercial
& Institutional, would be created, bringing together the Commercial,
NatWest Markets and RBS International businesses to form a single franchise
with common management and objectives, to best support our customers across
the full non-personal customer lifecycle.

NatWest Group's operating segments are now:

-    Retail Banking

-    Private Banking

-    Commercial & Institutional

-    Central items and other

-    Ulster Bank RoI

 

Financial information for the years 2019, 2020, and 2021 and the nine quarters
from Q4 2019 to Q4 2021 are re-presented in the attached financial supplement
http://www.rns-pdf.londonstockexchange.com/rns/0327J_1-2022-4-22.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/0327J_1-2022-4-22.pdf) which
is also available to view and download at https://investors.natwestgroup.com/
(https://investors.natwestgroup.com/) .

NatWest Group's Q1 2022 results will be announced on 29 April 2022 and will be
presented under the new operating segment structure.

For further information, please contact:

Alexander Holcroft

Investor Relations

+44 (0) 207 672 1758

NatWest Group Press Office

+44 (0) 131 523 4205

Legal Entity Identifier:  2138005O9XJIJN4JPN90

Forward-looking statements

This document contains forward-looking statements within the meaning of the
United States Private Securities Litigation Reform Act of 1995, such as
statements that include, without limitation, the words 'expect', 'estimate',
'project', 'anticipate', 'commit', 'believe', 'should', 'intend', 'will',
'plan', 'could', 'probability', 'risk', 'Value-at-Risk (VaR)', 'target',
'goal', 'objective', 'may', 'endeavour', 'outlook', 'optimistic', 'prospects'
and similar expressions or variations on these expressions. These statements
concern or may affect future matters, such as NatWest Group's future economic
results, business plans and strategies.  In particular, this document may
include forward-looking statements relating to NatWest Group plc in respect
of, but not limited to: its creation of the Commercial & Institutional
franchise and the intended benefits of the Commercial & Institutional
franchise, the impact of the Covid-19 pandemic, its regulatory capital
position and related requirements, its financial position, profitability and
financial performance (including financial, capital, cost savings and
operational targets), the implementation of its Purpose-led strategy, its ESG
and climate related targets, its access to adequate sources of liquidity and
funding, increasing competition from new incumbents and disruptive
technologies, its exposure to third party risks, its ongoing compliance with
the UK ring-fencing regime and ensuring operational continuity in resolution,
its impairment losses and credit exposures under certain specified scenarios,
substantial regulation and oversight, ongoing legal, regulatory and
governmental actions and investigations, the transition of LIBOR and IBOR
rates to alternative risk free rates and NatWest Group's exposure to economic
and political risks (including with respect to terms surrounding Brexit and
climate change), operational risk, conduct risk, cyber, data and IT risk,
financial crime risk, key person risk and credit rating risk.
Forward-looking statements are subject to a number of risks and uncertainties
that might cause actual results and performance to differ materially from any
expected future results or performance expressed or implied by the
forward-looking statements. Factors that could cause or contribute to
differences in current expectations include, but are not limited to, the
impact of the Covid-19 pandemic, future growth initiatives (including
acquisitions, joint ventures and strategic partnerships), the outcome of
legal, regulatory and governmental actions and investigations, the level and
extent of future impairments and write-downs (including with respect to
goodwill), legislative, political, fiscal and regulatory developments,
accounting standards, competitive conditions, technological developments,
interest and exchange rate fluctuations, general economic and political
conditions and the impact of climate-related risks and the transitioning to a
net zero economy. These and other factors, risks and uncertainties that may
impact any forward-looking statement or NatWest Group plc's actual results are
discussed in NatWest Group plc's UK 2021 Annual Report and Accounts (ARA) and
NatWest Group plc's filings with the US Securities and Exchange Commission,
including, but not limited to, NatWest Group plc's most recent Annual Report
on Form 20-F and Reports on Form 6-K. The forward-looking statements contained
in this document speak only as of the date of this document and NatWest Group
plc does not assume or undertake any obligation or responsibility to update
any of the forward-looking statements contained in this document, whether as a
result of new information, future events or otherwise, except to the extent
legally required.

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