NatWest CFO on Irish Exit, New Dividend

The transcript discusses Ulster Bank's strategic exit from Ireland, focusing on capital management, employee impact, and government relations. It highlights NatWest's plans for shareholder returns, economic outlook, and future growth, including potential mergers and acquisitions. The bank aims to streamline operations and manage debt effectively while maintaining strong government relations.

What is the main reason for NatWest's decision to exit the Irish market?

• High capital requirements

• Low customer satisfaction

• Increased competition

• Regulatory pressure

How does NatWest plan to use the capital freed up from exiting the Irish market?

• Launch new products

• Increase employee salaries

• Return it to shareholders or reinvest in the group

• Expand into new markets

What financial target has NatWest set for its return on tangible equity?

• 5-6%

• 7-8%

• 11-12%

• 9-10%

What is one of the key commitments NatWest has made for the next year?

• Increase branch numbers

• Expand into Asia

• Grow lending above market

• Reduce employee count

How has NatWest been impacted by the pandemic in terms of profit before tax?

• Profit was unaffected

• Profit increased significantly

• Profit remained stable

• Profit decreased significantly

What is NatWest's stance on negative interest rates?

• They are preparing for it

• They have already implemented it

• They believe it is unlikely

• They are against it

What is NatWest's approach towards mergers and acquisitions?

• They are not considering any

• They are actively seeking large acquisitions

• They consider it if it adds volume or capability

• They are focused only on organic growth