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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
December, 2025
Commission File Number 001-10306
NatWest Group plc
250 Bishopsgate,
London, EC2M 4AA
United Kingdom
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
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Form 20-F ☒
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Form 40-F ☐
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The
following information was issued as Company announcements in
London, England and is furnished pursuant to General Instruction B
to the General Instructions to Form 6-K:
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NatWest Group plc
2 December 2025
NatWest Group plc
2025 Bank of England stress test results
2 December 2025
NatWest Group ("the Group") notes the announcement made today by
the Bank of England ("BoE") regarding the results of its 2025
stress test. The test explores whether the Group has sufficient
capital to withstand a severe but plausible scenario starting with
the Group's balance sheet as at 31st December 2024, and compares
the theoretical Common Equity Tier 1 ("CET1") ratio and Tier 1
leverage ratio positions of the Group before and after the impact
of strategic management actions.
Under this scenario, the Group's low point CET1 ratio would have
been 11.1% (December 2024 actual: 13.6%), and the Group's low point
Tier 1 leverage ratio would have been 4.7% (December 2024 actual:
5.0%), both significantly ahead of the stress minimum requirement,
and sufficient to ensure that no strategic management actions would
be required.
Commenting on the results, Katie Murray, Chief Financial Officer,
said:
"This exercise has highlighted again the strength of NatWest
Group's balance sheet, delivering sustainable value creation and
strong distributions for shareholders.
The results also reflect the continued strengthening of our balance
sheet since the 2022/23 Stress Test, underpinning our ability to
support our customers and the broader economy, including under a
severe stress scenario."
For further information, please contact:
Investor Relations
+44 (0) 20 7672 1758
Media Relations
+44 (0) 131 523 4205
Forward-looking statements
This announcement may include forward-looking statements within the
meaning of the United States Private Securities Litigation Reform
Act of 1995, such as statements with respect to NatWest Group's
financial condition, results of operations and business, including
its strategic priorities, financial, investment and capital
targets, and climate and sustainability related targets,
commitments and ambitions described herein. Statements that are not
historical facts, including statements about NatWest Group's
beliefs and expectations, are forward-looking statements. Words,
such as 'expect', 'estimate', 'project', 'anticipate', 'commit',
'believe', 'should', 'intend', 'will', 'plan', 'could', 'target',
'goal', 'objective', 'may', 'outlook', 'prospects' and similar
expressions or variations on these expressions are intended to
identify forward-looking statements. In particular, this
announcement may include forward-looking statements relating, but
not limited to: NatWest Group's outlook, guidance and targets
(including in relation to RoTE, total income, other operating
expenses, loan impairment rate, CET1 ratio, RWA levels, payment of
dividends and participation in directed buybacks), its financial
position, profitability and financial performance, the
implementation of its strategy, its access to adequate sources of
liquidity and funding, its regulatory capital position and related
requirements, its impairment losses and credit exposures under
certain specified scenarios, substantial regulation and oversight,
ongoing legal, regulatory and governmental actions and
investigations. 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 (including acquisitions, joint ventures and
strategic partnerships), 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
uncertainties, exposure to third party risk, operational risk,
conduct risk, cyber, data and IT risk, financial crime risk, key
person risk and credit rating risk and the impact of climate and
sustainability related risks and the transitioning to a net zero
economy. These and other factors, risks and uncertainties that may
impact any forward-looking statement or NatWest Group plc's actual
results are discussed in NatWest Group plc's 2024 Annual Report and
Accounts on Form 20-F, NatWest Group's Interim Management Statement
for Q1, H1 and Q3 2025 on Form 6-K, and its other public filings.
The forward-looking statements contained in this announcement speak
only as of the date of this announcement and NatWest Group plc does
not assume or undertake any obligation or responsibility to update
any of the forward-looking statements contained in this
announcement, whether as a result of new information, future events
or otherwise, except to the extent legally required.
Legal Entity Identifier: 2138005O9XJIJN4JPN90
SIGNATURE
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
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NatWest Group plc
(Registrant)
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Date:
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02
December 2025
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By:
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/s/
Mark Stevens
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Name:
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Mark
Stevens
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Title:
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Assistant
Secretary
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