New figure set as bank aims to support local housing authorities and homeowners in the face of ongoing economic pressures.
Notes to editors:
This press release is for media use only and is not a financial promotion.
The £7.5bn lending is limited to regulated social housing sector not-for-profit registered housing associations operating in the UK and applies from 1 January 2024 until 31 December 2026 to all types of lending facilities
- Subject to due diligence and credit approval.
- Security may be required.
- New funding gross of repayments and amortisations.
In August 2023 NatWest Group became the Supply Chain Sustainability School’s first partner within the finance sector to sponsor retrofit learning modules, ensuring resources are freely accessible to professionals in the built environment industry. With 80% of the UK’s projected 2050 building stock already built, these skills are vital to creating more energy efficient homes and buildings that are warmer, cheaper to heat and generate lower emissions.
Product fees may apply. Subject to due diligence and credit approval. Security may be required.
About NatWest Group
NatWest Group is a UK-focused banking organisation, serving over 19 million customers, with business operations stretching across retail, commercial and private banking markets.
Caution about the information in this announcement.
This announcement contains unaudited management information derived from management systems that are subject to different controls to those used in financial reporting.
Caution about Forward-looking Statements in this announcement.
This announcement contains forward-looking statements, aims, ambitions, estimates, intentions and plans, including but not limited to NatWest Group’s ambition to provide £7.5 billion in lending to the UK social housing sector between 1 January 2024 and year-end 2026.
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, future growth initiatives, the outcome of legal, regulatory and governmental actions and investigations, the level and extent of future impairments and write-downs, 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.
Accordingly, undue reliance should not be placed on these statements.
This cautionary statement should not be regarded as a complete and comprehensive statement and should be read together with the ‘Risk Factors’
The information contained in our press releases is intended solely for journalists and media and should not be used by consumers to make financial decisions. Terms and conditions apply to any products or services mentioned in our press releases.
