Data source: 2026-Q1 figures ingested from the bank’s SEC Form 6-K filing. European figures update as filings are published — semi-annually for EBA, per-results for 6-K — not via a real-time API like US banks (FDIC).

NatWest Group

NWG

United Kingdom · EuropeRegulated by PRALatest: 2026-Q1

65HIGH

CET1 Ratio

14.30%

Common Equity Tier 1 / RWA

Risk-Weighted Assets

$196.0B

Latest quarter

Total Loan Book

—

Latest quarter

Leverage Ratio

4.80%

Tier 1 / Average assets

CET1 Ratio Trend

8 quarters · regulatory minimum 8% · scoring threshold 12%

RWA Growth

Bars = total ($B) · Line = QoQ growth %

Loan Book Composition

Latest quarter · 2026-Q1

Concentration data unavailable

Leveraged loans not reported in FDIC call reports

Metric History

9 quarters · SEC Form 6-K · approximate estimates

8 of 9 quarters marked approx are estimates compiled from public annual reports. Levels approximate the published figures; the quarter-to-quarter path is extrapolated, so the Loans YoY and RWA QoQ columns on those rows are not observed changes.

Quarter	CET1 %	Leverage %	RWA	Loan Book	Loans YoY	RWA QoQ	CRE %	Consumer %	SME %	SRT Score
2026-Q1latest	14.30%	4.80%	$196.0B	—	—	—	—	—	—	65
2024-Q4approx	13.50%	4.90%	$258.0B	$366.0B	+3.4%	+1.20%	22.0%	23.0%	31.0%	48
2024-Q3approx	13.60%	5.00%	$255.0B	$363.0B	+3.7%	+1.20%	22.0%	23.0%	31.0%	41
2024-Q2approx	13.50%	5.00%	$252.0B	$360.0B	+4.1%	+1.20%	22.0%	23.0%	31.0%	41
2024-Q1approx	13.60%	5.00%	$249.0B	$357.0B	+3.2%	+1.20%	22.0%	23.0%	30.0%	40
2023-Q4approx	13.70%	5.00%	$246.0B	$354.0B	+5.1%	+1.20%	22.0%	23.0%	30.0%	47
2023-Q3approx	13.90%	5.10%	$243.0B	$350.0B	+5.3%	+1.30%	22.0%	22.0%	30.0%	47
2023-Q2approx	14.00%	5.20%	$240.0B	$346.0B	+5.2%	+1.30%	22.0%	22.0%	30.0%	47
2023-Q1approx	14.20%	5.30%	$237.0B	$342.0B	+5.0%	+0.60%	22.0%	22.0%	30.0%	47

AI Investment Memo

Llama will analyze NatWest Group across 4 data dimensions and write a structured memo

Score: 65/100·Model: gpt-oss-120b·Tools: get_bank_metrics · get_historical_deals · get_regulatory_context · calculate_candidate_score

Click Generate Analysis to create an investment memo

Llama will call 4 tools then write a structured memo covering thesis, deal sizing, timing, and risks

Score Breakdown

65/100 —HIGH

Repeat issuer · scored on re-issuance timing

Re-issuance timing65

Last deal

5 mo ago

Typical cadence

24 mo

Through its re-issue cycle21%

Active SRT programme → scored on how overdue it is vs its own cadence. Validated to predict re-issuance better than fundamentals, which are shown below for context only.

Fundamentals — context only

Capital Pressure6/40

CET1 14.30% — large-bank proactive optimisation

-2.30pp headroom above 8% regulatory floor

Leverage ratio 4.80% — moderate constraint

Loan Book Growth0/30

Concentration data unavailable

Historical SRT15/25

Bank has previously issued SRT transactions

+15

5 months since last deal — recently completed

Macro Context9/10

Live macro signal: FAVORABLE (sentiment +14/20) — 9/10 pts

Mid-Size Bank

$50B–$500B total assets — sweet spot: capital pressure + sourcing alpha

+10

Europe regional bonus+8

Macro environment · FAVORABLE+6

Sentiment +14/20 · global +6 pts

Overall SRT likelihood65/100