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NatWest (NWG LN) - Q4 (GBP): Pretax Profit 1.94bln (exp. 1.72bln), Revenue 4.32bln (prev. 3.83bln Y/Y), NII 3.44bln (exp. 3.33bln); intends to commence a GBP 750mln share buyback programme in H1'26

Importance
Level 1

FY26 Guidance:

  • ROE above +17% (exp. +18%).
  • Total income between 17.2-17.6bln.
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