<SEC-DOCUMENT>0001654954-23-002080.txt : 20230227
<SEC-HEADER>0001654954-23-002080.hdr.sgml : 20230227
<ACCEPTANCE-DATETIME>20230227062620
ACCESSION NUMBER:		0001654954-23-002080
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230227
FILED AS OF DATE:		20230227
DATE AS OF CHANGE:		20230227

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NatWest Group plc
		CENTRAL INDEX KEY:			0000844150
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10306
		FILM NUMBER:		23669964

	BUSINESS ADDRESS:	
		STREET 1:		GOGARBURN
		STREET 2:		PO BOX 1000
		CITY:			EDINBURGH, SCOTLAND
		STATE:			X0
		ZIP:			EH12 1HQ
		BUSINESS PHONE:		441315568555

	MAIL ADDRESS:	
		STREET 1:		GOGARBURN
		STREET 2:		PO BOX 1000
		CITY:			EDINBURGH, SCOTLAND
		STATE:			X0
		ZIP:			EH12 1HQ

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROYAL BANK OF SCOTLAND GROUP PLC
		DATE OF NAME CHANGE:	19950712
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a0676r.htm
<DESCRIPTION>FILING OF ANNUAL REPORT ON FORM 20F WITH US SEC
<TEXT>
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FORM 6-K</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
SECURITIES AND EXCHANGE COMMISSION</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Washington D.C. 20549</font></div>
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Report of Foreign Private Issuer</font></div>
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Pursuant to Rule 13a-16 or 15d-16</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
of the Securities Exchange Act of 1934</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">For
February 27, 2023</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Commission
File Number: 001-10306</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">NatWest
Group plc</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">RBS,
Gogarburn, PO Box 1000</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Edinburgh
EH12 1HQ</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Address
of principal executive offices)</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;Form
20-F <font style="text-decoration: underline">X</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Form 40-F ___</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule
101(b)(1):_________</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule
101(b)(7):_________</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Indicate
by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Yes
___&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
No <font style="text-decoration: underline">X</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;&#xA0;<br></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-
________</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px">
The following information was issued as&#xA0;Company announcements
in London, England and is furnished pursuant to General Instruction
B to the General Instructions to Form
6-K:</font>&#xA0;</font></div>
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&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
FILING OF ANNUAL REPORT ON FORM 20-F WITH THE US SECURITIES AND
EXCHANGE COMMISSION</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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&#xA0;&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 16px"><font style="color: #000000; font-size: 13px">
NatWest Group plc (the "Company")</font><font style="color: #000000">&#xA0;</font><font style="color: #000000; font-size: 13px">announces that, on 24 February
2023, it filed its Annual Report on Form 20-F with the US
Securities and Exchange Commission (SEC).&#xA0; The document is
available for viewing on the SEC website at</font><font style="color: #000000">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">www.sec.gov</font><font style="color: #000000">&#xA0;</font><font style="color: #000000; font-size: 13px">and
also on the Company's website at</font><font style="color: #000000">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">www.natwestgroup.com</font><font style="color: #000000; font-size: 13px">.&#xA0;
The Company will send any holder of the Company's securities, upon
request, a hard copy of the Company's complete audited financial
statements free of charge.&#xA0; Requests may be made by writing to
the Chief Governance Officer and Company Secretary, NatWest Group
plc, Gogarburn, PO Box 1000, Edinburgh EH12
1HQ.</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Jan
Cargill</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Chief Governance Officer and Company Secretary</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">27
February 2023</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;<font style="font-weight: bold; color: #000000">Legal
Entity Identifier</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
NatWest Group plc</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
2138005O9XJIJN4JPN90</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Forward-looking statements</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Cautionary statement regarding forward-looking
statements</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Certain sections in this document contain 'forward-looking
statements' as that term is defined in the United States Private
Securities Litigation Reform Act of 1995, such as statements that
include the words 'expect', 'estimate', 'project', 'anticipate',
'commit', 'believe', 'should', 'intend', 'will', 'plan', 'could',
'probability', 'risk', 'Value-at-Risk (VaR)', 'target', 'goal',
'objective', 'may', 'endeavour', 'outlook', 'optimistic',
'prospects' and similar expressions or variations on these
expressions. In particular, this document includes forward-looking
targets and guidance relating to financial performance measures,
such as income growth, operating expense, RoTE, ROE, discretionary
capital distribution targets, impairment loss rates, balance sheet
reduction, including the reduction of RWAs, CET1 ratio (and key
drivers of the CET1 ratio including timing, impact and details),
Pillar 2 and other regulatory buffer requirements and MREL and
non-financial performance measures, such as NatWest Group's initial
area of focus, climate and ESG-related performance ambitions,
targets and metrics, including in relation to initiatives to
transition to a net zero economy, Climate and Sustainable Funding
and Financing (CSFF) and financed emissions. In addition, this
document includes forward-looking statements relating, but not
limited to: implementation of NatWest Group's purpose-led strategy
and other strategic priorities (including in relation to: phased
withdrawal from ROI, cost-controlling measures, the NatWest Markets
refocusing, the creation of the C&amp;I franchise and the
progression towards working as One Bank across NatWest Group to
serve customers); the timing and outcome of litigation and
government and regulatory investigations; direct and on-market
buy-backs; funding plans and credit risk profile; managing its
capital position; liquidity ratio; portfolios; net interest margin
and drivers related thereto; lending and income growth, product
share and growth in target segments; impairments and write-downs;
restructuring and remediation costs and charges; NatWest Group's
exposure to political risk, economic assumptions and risk, climate,
environmental and sustainability risk, operational risk, conduct
risk, financial crime risk, cyber, data and IT risk and credit
rating risk and to various types of market risk, including interest
rate risk, foreign exchange rate risk and commodity and equity
price risk; customer experience, including our Net Promotor Score
(NPS); employee engagement and gender balance in leadership
positions.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #42145F; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Limitations inherent to forward-looking statements</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
These statements are based on current plans, expectations,
estimates, targets and projections, and are subject to significant
inherent risks, uncertainties and other factors, both external and
relating to NatWest Group's strategy or operations, which may
result in NatWest Group being unable to achieve the current plans,
expectations, estimates, targets, projections and other anticipated
outcomes expressed or implied by such forward-looking statements.
In addition, certain of these disclosures are dependent on choices
relying on key model characteristics and assumptions and are
subject to various limitations, including assumptions and estimates
made by management. By their nature, certain of these disclosures
are only estimates and, as a result, actual future results, gains
or losses could differ materially from those that have been
estimated. Accordingly, undue reliance should not be placed on
these statements. The forward-looking statements contained in this
document speak only as of the date we make them and we expressly
disclaim any obligation or undertaking to update or revise any
forward-looking statements contained herein, whether to reflect any
change in our expectations with regard thereto, any change in
events, conditions or circumstances on which any such statement is
based, or otherwise, except to the extent legally
required.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Important factors that could affect the actual outcome of the
forward-looking statements</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
We caution you that a large number of important factors could
adversely affect our results or our ability to implement our
strategy, cause us to fail to meet our targets, predictions,
expectations and other anticipated outcomes or affect the accuracy
of forward-looking statements described in this document. These
factors include, but are not limited to, those set forth in the
risk factors and the other uncertainties described in NatWest Group
plc's Annual Report on Form 20-F and its other filings with the US
Securities and Exchange Commission. The principal risks and
uncertainties that could adversely NatWest Group's future results,
its financial condition and/or prospects and cause them to be
materially different from what is forecast or expected, include,
but are not limited to: economic and political risk (including in
respect of: political and economic risks and uncertainty in the UK
and global markets, including due to high inflation, supply chain
disruption and the Russian invasion of Ukraine); uncertainty
regarding the effects of Brexit; changes in interest rates and
foreign currency exchange rates; and HM Treasury's ownership as the
largest shareholder of NatWest Group plc); strategic risk
(including in respect of the implementation of NatWest Group's
purpose-led Strategy; future acquisitions and divestments; phased
withdrawal from ROI and the transfer of its Western European
corporate portfolio); financial resilience risk (including in
respect of: NatWest Group's ability to meet targets and to make
discretionary capital distributions; the competitive environment;
counterparty and borrower risk; prudential regulatory requirements
for capital and MREL; liquidity and funding risks; changes in the
credit ratings; the requirements of regulatory stress tests; model
risk; sensitivity to accounting policies, judgments, assumptions
and estimates; changes in applicable accounting standards; the
value or effectiveness of credit protection; the adequacy of
NatWest Group's future assessments by the Prudential Regulation
Authority and the Bank of England; and the application of UK
statutory stabilisation or resolution powers); climate and
sustainability risk (including in respect of: risks relating to
climate change and the transitioning to a net zero economy; the
implementation of NatWest Group's climate change strategy,
including publication of an initial climate transition plan in 2023
and climate change resilient systems, controls and procedures;
climate-related data and model risk; the failure to adapt to
emerging climate, environmental and sustainability risks and
opportunities; changes in ESG ratings; increasing levels of
climate, environmental and sustainability related regulation and
oversight; and climate, environmental and sustainability-related
litigation, enforcement proceedings and investigations);
operational and IT resilience risk (including in respect of:
operational risks (including reliance on third party suppliers);
cyberattacks; the accuracy and effective use of data; complex IT
systems; attracting, retaining and developing senior management and
skilled personnel; NatWest Group's risk management framework; and
reputational risk); and legal, regulatory and conduct risk
(including in respect of: the impact of substantial regulation and
oversight; compliance with regulatory requirements; the outcome of
legal, regulatory and governmental actions and investigations; the
transition of LIBOR other IBOR rates to replacement risk-free
rates; and changes in tax legislation or failure to generate future
taxable profits).</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Climate and ESG disclosures</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Climate and ESG disclosures in this document are not measures
within the scope of International Financial Reporting Standards
('IFRS'), use a greater number and level of judgements, assumptions
and estimates, including with respect to the classification of
climate and sustainable funding and financing activities, than our
reporting of historical financial information in accordance with
IFRS. These judgements, assumptions and estimates are highly likely
to change over time, and, when coupled with the longer time frames
used in these disclosures, make any assessment of materiality
inherently uncertain. In addition, our climate risk analysis, net
zero strategy, including the implementation of our climate
transition plan remain under development, and the data underlying
our analysis and strategy remain subject to evolution over time.
The process we have adopted to define, gather and report data on
our performance on climate and ESG measures is not subject to the
formal processes adopted for financial reporting in accordance with
IFRS and there are currently limited industry standards or globally
recognised established practices for measuring and defining climate
and ESG related metrics. As a result, we expect that certain
climate and ESG disclosures made in this document are likely to be
amended, updated, recalculated or restated in the future. Please
also refer to the cautionary statement in the section entitled
'Climate-related and other forward-looking statements and metrics'
of the NatWest Group 2022 Climate-related Disclosures
Report.</font></div>
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Cautionary statement regarding Non-IFRS financial measures and
APMs</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
NatWest Group prepares its financial statements in accordance with
generally accepted accounting principles (GAAP). This document may
contain financial measures and ratios not specifically defined
under GAAP or IFRS ('Non-IFRS') and/or alternative performance
measures ('APMs') as defined in European Securities and Markets
Authority ('ESMA') guidelines. APMs are adjusted for notable and
other defined items which management believes are not
representative of the underlying performance of the business and
which distort period-on-period comparison. Non-IFRS measures
provide users of the financial statements with a consistent basis
for comparing business performance between financial periods and
information on elements of performance that are one-off in nature.
Any Non-IFRS measures and/or APMs included in this document, are
not measures within the scope of IFRS, are based on a number of
assumptions that are subject to uncertainties and change, and are
not a substitute for IFRS measures.</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The information, statements and opinions contained in this document
do not constitute a public offer under any applicable legislation
or an offer to sell or a solicitation of an offer to buy any
securities or financial instruments or any advice or recommendation
with respect to such securities or other financial
instruments.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Date:&#xA0;27
February 2023</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">NATWEST
GROUP plc (Registrant)</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">By: /s/
Jan Cargill</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Name:
Jan Cargill</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Title:
Chief Governance Officer and Company Secretary</font></div>
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