NatWest Group (NWG) AGM 2026 summary

Opening remarks and agenda

• Welcomed shareholders to the AGM at Gogarburn, Scotland, highlighting ongoing engagement and accessibility features for attendees.

• Noted the return to full private ownership in May 2025 after the UK government sold its final shares, marking a significant milestone.

• Introduced the board and outlined the agenda, including performance review and Q&A.

Financial performance review

• Reported income of £16.4bn, operating profits of £7.7bn, and a 19.2% return on tangible equity, all up year-on-year.

• Dividend payout ratio increased, with total dividends per share at £0.325 (up 51%) and £1.5bn in share buybacks.

• Growth in customer base, deposits, lending, and assets under management; successful integration of Sainsbury's Bank customers and Metro Bank mortgage portfolio.

Board and executive committee updates

• Welcomed new board members Josh Critchley and Albert Hitchcock; noted the retirement of Yasmin Jetha and the passing of Frank Dangeard.

• Emphasized evolving board composition to support strategic ambitions.