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Subordinated liabilities - Redemption (Details) £ / shares in Units, € in Millions, £ in Millions, $ in Millions | Dec. 31, 2023 GBP (£) £ / shares | Dec. 31, 2023 USD ($) | Dec. 31, 2023 EUR (€) | Dec. 31, 2022 GBP (£) £ / shares
--- | --- | --- | --- | ---
Subordinated liabilities |  |  |  |
Notional amount |  |  |  | £ 13,925,000.0
Dated subordinated liabilities before value adjustment due to hedge accounting | £ 5,735.0 |  |  | 6,266.0
Dated loan capital | 5,573.0 |  |  | 5,968.0
Undated loan capital | 22.0 |  |  | 173.0
Preference shares | 119.0 |  |  | 119.0
Impact on carrying value due to fair value hedging | (162.0) |  |  | (298.0)
Subordinated liabilities | £ 5,714.0 |  |  | £ 6,260.0
Par value per share | £ / shares | £ 1.0769 |  |  | £ 1.0769
NatWest Group plc |  |  |  |
Subordinated liabilities |  |  |  |
Dated loan capital | £ 5,481.0 |  |  | £ 5,820.0
Natwest Group plc, $2,250 million 5.13% notes Maturity dated May-2024 |  |  |  |
Subordinated liabilities |  |  |  |
Notional amount | $ |  | $ 2,250 |  |
Interest rate | 5.125% | 5.125% | 5.125% |
Dated loan capital | £ 418.0 |  |  | 706.0
Natwest Group plc, $2,000 million 6.00% notes Maturity dated Dec-2023 |  |  |  |
Subordinated liabilities |  |  |  |
Notional amount | $ |  | $ 2,000 |  |
Interest rate | 6.00% | 6.00% | 6.00% |
Dated loan capital |  |  |  | 536.0
Natwest Group plc, £1,000 million 3.622% notes Maturity dated Aug 2030 |  |  |  |
Subordinated liabilities |  |  |  |
Notional amount | £ 1,000.0 |  |  |
Interest rate | 3.622% | 3.622% | 3.622% |
Dated loan capital | £ 985.0 |  |  | 964.0
Natwest Group plc, £1,000 million 2.105% notes Maturity dated Nov-2031 |  |  |  |
Subordinated liabilities |  |  |  |
Notional amount | £ 1,000.0 |  |  |
Interest rate | 2.105% | 2.105% | 2.105% |
Dated loan capital | £ 1,000.0 |  |  | 1,001.0
Natwest Group plc, $1,000 million 6.10% notes Maturity dated Jun-2023 |  |  |  |
Subordinated liabilities |  |  |  |
Notional amount | $ |  | $ 1,000 |  |
Interest rate | 6.10% | 6.10% | 6.10% |
Dated loan capital |  |  |  | 126.0
Natwest Group plc, $850 million 3.032% notes Maturity dated Nov-2035 |  |  |  |
Subordinated liabilities |  |  |  |
Notional amount | $ |  | $ 850 |  |
Interest rate | 3.032% | 3.032% | 3.032% |
Dated loan capital | £ 541.0 |  |  | 555.0
Natwest Group plc, €750 million 1.043% notes Maturity dated Sep-2032 |  |  |  |
Subordinated liabilities |  |  |  |
Notional amount | € |  |  | € 750.0 |
Interest rate | 1.043% | 1.043% | 1.043% |
Dated loan capital | £ 652.0 |  |  | 665.0
Natwest Group plc, $750 million 3.754% notes Maturity dated Nov-2029 |  |  |  |
Subordinated liabilities |  |  |  |
Notional amount | $ |  | $ 750 |  |
Interest rate | 3.754% | 3.754% | 3.754% |
Dated loan capital | £ 592.0 |  |  | 626.0
Natwest Group plc, €700 million 5.763% notes Maturity dated Feb-2034 |  |  |  |
Subordinated liabilities |  |  |  |
Notional amount | € |  |  | € 700.0 |
Interest rate | 5.763% | 5.763% | 5.763% |
Dated loan capital | £ 636.0 |  |  |
Natwest Group plc, £650 million 7.416% notes Maturity dated Jun-2033 |  |  |  |
Subordinated liabilities |  |  |  |
Notional amount | £ 650.0 |  |  |
Interest rate | 7.416% | 7.416% | 7.416% |
Dated loan capital | £ 657.0 |  |  | 641.0
Other subsidiaries, €170 million Floating rate notes Maturity dated Feb-2041 |  |  |  |
Subordinated liabilities |  |  |  |
Notional amount | € |  |  | € 170.0 |
Dated loan capital | £ 237.0 |  |  | 223.0
Other subsidiaries, $150 million 7.125% notes Maturity dated Oct-93 |  |  |  |
Subordinated liabilities |  |  |  |
Notional amount | $ |  | $ 150 |  |
Interest rate | 7.125% | 7.125% | 7.125% |
Dated loan capital | £ 17.0 |  |  | 18.0
Other subsidiaries, €145.6 Million Floating rate notes Maturity dated Apr-2023 |  |  |  |
Subordinated liabilities |  |  |  |
Notional amount | € |  |  | € 145.6 |
Dated loan capital |  |  |  | 122.0
Other subsidiaries, $136 million 7.75% notes Maturity dated May-2023 |  |  |  |
Subordinated liabilities |  |  |  |
Notional amount | $ |  | $ 136 |  |
Interest rate | 7.75% | 7.75% | 7.75% |
Dated loan capital |  |  |  | 83.0
Other subsidiaries, £35 million 11.5% notes |  |  |  |
Subordinated liabilities |  |  |  |
Notional amount | £ 35.0 |  |  |
Interest rate | 11.50% | 11.50% | 11.50% |
Undated loan capital |  |  |  | 72.0
Other Subsidiaries £31 Million 7.38% Notes |  |  |  |
Subordinated liabilities |  |  |  |
Notional amount | £ 31.0 |  |  |
Interest rate | 7.38% | 7.38% | 7.38% |
Undated loan capital | £ 1.0 |  |  | 2.0
Other subsidiaries, €31 million 11.375% notes |  |  |  |
Subordinated liabilities |  |  |  |
Notional amount | € |  |  | € 31.0 |
Interest rate | 11.375% | 11.375% | 11.375% |
Undated loan capital |  |  |  | 48.0
Other Subsidiaries £16 Million 5.63% Notes |  |  |  |
Subordinated liabilities |  |  |  |
Notional amount | £ 16.0 |  |  |
Interest rate | 5.63% | 5.63% | 5.63% |
Undated loan capital | £ 18.0 |  |  | 18.0
Other subsidiaries, £11 million 11.75% notes |  |  |  |
Subordinated liabilities |  |  |  |
Notional amount | £ 11.0 |  |  |
Interest rate | 11.75% | 11.75% | 11.75% |
Undated loan capital |  |  |  | 25.0
Other subsidiaries £4.9 Million 2.5% fixed notes |  |  |  |
Subordinated liabilities |  |  |  |
Notional amount | £ 4.9 |  |  |
Interest rate | 2.50% | 2.50% | 2.50% |
Undated loan capital | £ 3.0 |  |  | 6.0
Other subsidiaries, £1.1 million SONIA + 2.8266% notes |  |  |  |
Subordinated liabilities |  |  |  |
Notional amount | £ 1.1 |  |  |
Undated loan capital |  |  |  | 2.0
Other subsidiaries, £1.1 million SONIA + 2.8266% notes | SONIA |  |  |  |
Subordinated liabilities |  |  |  |
Borrowings, adjustment to interest rate basis | 2.827% | 2.827% | 2.827% |
Other subsidiaries, £140 million Non-cumulative preference shares of £1 |  |  |  |
Subordinated liabilities |  |  |  |
Notional amount | £ 140.0 |  |  |
Preference shares | £ 119.0 |  |  | £ 119.0
Par value per share | £ / shares | £ 1 |  |  |

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