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Notes for Editors
Please find more information about NatWest Group’s ambition to provide £5 billion in lending to the UK social housing sector here.
Further details on the Bromford deal can be found here.
About NatWest Group
NatWest Group serves customers in the UK supporting them with their personal, private, and business banking needs. NatWest aims to help customers at all stages in their lives, from opening student accounts, to buying their first home, setting up a business, and saving for retirement. Alongside a wide range of banking services, NatWest offers businesses specialist sector knowledge in areas such as manufacturing and technology, as well as access to specialist entrepreneurial support.
Caution about this announcement. This announcement has been prepared by NatWest Group plc (together with its subsidiaries the ‘NatWest Group’) and it does not purport to be comprehensive and it does not provide any form of legal, tax, investment, accounting, financial or other advice. The ‘bank’ refers to NatWest Group.
This announcement contains unaudited management information derived from management systems that are subject to different controls to those used in financial reporting and also include manual processes - this may result in the information presented in this report being less comparable, verifiable, timely, understandable and useful for the purposes of decision-making than information in our financial reports. This announcement also includes financial, statistical and other information and data published by third parties that have not been independently verified by NatWest Group. To the extent permitted by law, NatWest Group makes no representation, warranty or assurance of any kind, express or implied, or takes no responsibility or liability as to the fairness, accuracy, reliability, reasonableness, correctness or completeness of third parties’ data included in this announcement or any of the opinions or conclusions expressed in these sections.
Caution about Forward-looking Statements in this announcement.
This announcement contains forward-looking statements, aims, ambitions, estimates, intentions, plans and projections, including but not limited to NatWest Group’s ambition to provide £5 billion in lending to the UK social housing sector between 1 January 2024 and year-end 2026 and the projection of such lending for the rest of 2024.
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’ contained in the NatWest Group plc 2023 Annual Report and Accounts published on 16 February 2024.
The forward-looking statements contained in this document speak only as of the date of this document and NatWest Group 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.
[1] New funding gross of repayments and amortisations over three years from 1 January 2024 to year-end 2026
ⁱⁱ EPC stands for Energy Performance Certificate and tells you how energy efficient a property is. Please find more information here: Selling a home: Energy Performance Certificates - GOV.UK (www.gov.uk)
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