XML 441 R146.htm IDEA: XBRL DOCUMENT v3.24.0.1
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