XML 266 R56.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Financial instruments - classification (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Financial instruments - classification |
Schedule of classification for financial assets and liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Amortised | ​ | Other |  | ​
​ | ​ | MFVTPL | ​ | DFV | ​ | FVOCI | ​ | cost | ​ | assets |  | Total
Assets |  | £m |  | £m |  | £m |  | £m |  | £m |  | £m
Cash and balances at central banks |  | ​ |  | ​ | ​ | ​ |  | 92,994 |  | ​ | ​ | 92,994
Trading assets | ​ | 48,917 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 48,917
Derivatives (1) | ​ | 78,406 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 78,406
Settlement balances |  | ​ | ​ | ​ | ​ | ​ | ​ | 2,085 | ​ | ​ | ​ | 2,085
Loans to bank - amortised cost (2) |  | ​ |  | ​ | ​ | ​ |  | 6,030 |  | ​ | ​ | 6,030
Loans to customers - amortised cost (3) |  | ​ |  | ​ | ​ | ​ |  | 400,326 |  | ​ | ​ | 400,326
Other financial assets |  | 798 | ​ | 5 | ​ | 37,843 |  | 24,597 |  | ​ | ​ | 63,243
Intangible assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 7,588 | ​ | 7,588
Other assets (4) |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 8,396 | ​ | 8,396
31 December 2024 |  | 128,121 |  | 5 | ​ | 37,843 |  | 526,032 |  | 15,984 |  | 707,985
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and balances at central banks |  | ​ | ​ | ​ | ​ | ​ | ​ | 104,262 |  | ​ | ​ | 104,262
Trading assets | ​ | 45,551 |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | 45,551
Derivatives (1) | ​ | 78,904 |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | 78,904
Settlement balances | ​ | ​ |  | ​ | ​ | ​ | ​ | 7,231 |  | ​ | ​ | 7,231
Loans to bank - amortised cost (2) | ​ | ​ |  | ​ | ​ | ​ | ​ | 6,914 |  | ​ | ​ | 6,914
Loans to customers - amortised cost (3) |  | ​ |  | ​ | ​ | ​ | ​ | 381,433 |  | ​ | ​ | 381,433
Other financial assets |  | 703 |  | 5 | ​ | 28,699 | ​ | 21,695 |  | ​ | ​ | 51,102
Intangible assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 7,614 | ​ | 7,614
Other assets (4) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 9,662 | ​ | 9,662
31 December 2023 |  | 125,158 |  | 5 | ​ | 28,699 | ​ | 521,535 |  | 17,276 | ​ | 692,673
​ For the notes to this table refer to the following page. ​ 9 Financial instruments – classification continued ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Held-for- | ​ | ​ | ​ | Amortised | ​ | Other | ​ | ​
​ |  | trading |  | DFV |  | cost |  | liabilities |  | Total
Liabilities |  | £m | ​ | £m | ​ | £m | ​ | £m | ​ | £m
Bank deposits (5) |  | — |  | — | ​ | 31,452 |  | — |  | 31,452
Customer deposits |  | — |  | — | ​ | 433,490 |  | — |  | 433,490
Settlement balances |  | — |  | — | ​ | 1,729 |  | — |  | 1,729
Trading liabilities | ​ | 54,714 | ​ | — | ​ | — | ​ | — | ​ | 54,714
Derivatives (1) |  | 72,082 |  | — | ​ | — |  | — |  | 72,082
Other financial liabilities (6) |  | — |  | 3,548 | ​ | 57,539 |  | — |  | 61,087
Subordinated liabilities |  | — |  | 234 | ​ | 5,902 |  | — |  | 6,136
Notes in circulation | ​ | — | ​ | — | ​ | 3,316 | ​ | — | ​ | 3,316
Other liabilities (7) |  | — |  | — | ​ | 684 |  | 3,917 |  | 4,601
31 December 2024 |  | 126,796 |  | 3,782 | ​ | 534,112 |  | 3,917 |  | 668,607
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Bank deposits (5) |  | — |  | — | ​ | 22,190 |  | — |  | 22,190
Customer deposits |  | — |  | — | ​ | 431,377 |  | — |  | 431,377
Settlement balances |  | — |  | — | ​ | 6,645 |  | — |  | 6,645
Trading liabilities |  | 53,636 |  | — | ​ | — |  | — |  | 53,636
Derivatives (1) |  | 72,395 |  | — | ​ | — |  | — |  | 72,395
Other financial liabilities (6) |  | — |  | 2,888 | ​ | 52,201 |  | — |  | 55,089
Subordinated liabilities |  | — |  | 237 | ​ | 5,477 |  | — |  | 5,714
Notes in circulation | ​ | — | ​ | — | ​ | 3,237 | ​ | — | ​ | 3,237
Other liabilities (7) |  | — |  | — | ​ | 748 |  | 4,454 |  | 5,202
31 December 2023 |  | 126,031 |  | 3,125 | ​ | 521,875 |  | 4,454 |  | 655,485
​
(1) | Includes net hedging derivatives assets of £118 million (2023 - £114 million) and net hedging derivatives liabilities of £464 million (2023 - £270 million).
(2) | Includes items in the course of collection from other banks of £59 million (2023 - £255 million).
(3) | Includes finance lease receivables of £8,998 million (2023 - £8,731 million).
(4) | Includes assets of disposal groups held at FVTPL of nil (2023 - £841 million). The portfolio is classified as level 3 in the fair value hierarchy.
(5) | Includes items in the course of transmission to other banks of £136 million (2023 - £92 million).
(6) | The carrying amount of customer deposits designated at fair value through profit or loss is materially the same as the principal amount for both periods. No amounts have been recognised in the profit or loss for changes in credit risk associated with these liabilities as the changes are immaterial both during the period and cumulatively.
(7) | Includes lease liabilities of £630 million (2023 - £670 million), held at amortised cost.
Schedule of reconciliation of financial assets | The table below analyses financial assets forming a component of ESG-linked loans and other products with contractual terms that could change the timing or amount of cash flows. This is based on balance sheet values as at 31 December and the maximum impact of the potential margin changes on these over a 12 month period. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023
​ | ​ | ​ |  | Positive impact on |  | Negative impact on | ​ | ​
​ | ​ | Carrying value | ​ | product margin | ​ | product margin | ​ | Carrying value
​ | ​ | £bn | ​ | bps | ​ | bps | ​ | £bn
Sustainability-linked loans |  | 6.9 |  | 3.1 |  | 4.0 |  | 6.5
Other products |  | 20.2 |  | — |  | — |  | 16.1
Lending subject to performance triggers |  | 27.1 |  | ​ | ​ | ​ |  | 22.6
Schedule of amount receivable under finance leases | ​
​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023
​ | ​ | £m | ​ | £m
Amount receivable under finance leases | ​ |  | ​ |
Within 1 year | ​ | 3,493 | ​ | 3,340
1 to 2 years | ​ | 2,499 | ​ | 2,358
2 to 3 years | ​ | 1,612 | ​ | 1,625
3 to 4 years | ​ | 842 | ​ | 900
4 to 5 years | ​ | 464 | ​ | 388
After 5 years | ​ | 1,043 | ​ | 1,079
Total lease payments | ​ | 9,953 | ​ | 9,690
Unguaranteed residual values | ​ | 150 | ​ | 169
Future drawdowns | ​ | (12) | ​ | (12)
Unearned income | ​ | (1,001) | ​ | (1,025)
Present value of lease payments | ​ | 9,090 | ​ | 8,822
Impairments | ​ | (92) | ​ | (91)
Net investment in finance leases | ​ | 8,998 | ​ | 8,731
Schedule of financial assets and liabilities that are offset on the balance sheet |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Instruments which can be offset | ​ | Potential for offset not recognised by IFRS | ​ |  | ​ |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Effect of | ​ | ​ | ​ | ​ | ​ | Net amount | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | master | ​ | ​ | ​ | ​ | ​ | after netting | ​ | Instruments | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | netting | ​ | ​ | ​ | ​ | ​ | agreements and | ​ | outside | ​ | ​
​ | ​ | ​ | ​ | IFRS | ​ | Balance | ​ | and similar | ​ | Cash | ​ | Securities | ​ | effect of | ​ | netting | ​ | Balance
​ | ​ | Gross | ​ | offset | ​ | sheet | ​ | agreements | ​ | collateral | ​ | collateral | ​ | related collateral | ​ | agreements | ​ | sheet total
2024 |  | £m |  | £m |  | £m |  | £m |  | £m |  | £m |  | £m |  | £m |  | £m
Derivative assets |  | 96,624 | ​ | (18,746) | ​ | 77,878 | ​ | (61,883) | ​ | (10,005) | ​ | (4,072) | ​ | 1,918 | ​ | 528 | ​ | 78,406
Derivative liabilities |  | 92,620 | ​ | (21,027) | ​ | 71,593 | ​ | (61,883) | ​ | (5,801) | ​ | (896) | ​ | 3,013 | ​ | 489 | ​ | 72,082
Net position (1) |  | 4,004 | ​ | 2,281 | ​ | 6,285 | ​ | — | ​ | (4,204) | ​ | (3,176) | ​ | (1,095) | ​ | 39 | ​ | 6,324
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Trading reverse repos |  | 42,261 | ​ | (15,174) | ​ | 27,087 | ​ | (1,469) | ​ | — | ​ | (25,406) | ​ | 212 | ​ | 40 | ​ | 27,127
Trading repos |  | 45,033 | ​ | (15,174) | ​ | 29,859 | ​ | (1,469) | ​ | — | ​ | (28,390) | ​ | — | ​ | 703 | ​ | 30,562
Net position |  | (2,772) | ​ | — | ​ | (2,772) | ​ | — | ​ | — | ​ | 2,984 | ​ | 212 | ​ | (663) | ​ | (3,435)
​ |  | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non trading reverse repos |  | 45,600 | ​ | (8,709) | ​ | 36,891 | ​ | (80) | ​ | — | ​ | (36,811) | ​ | — | ​ | — | ​ | 36,891
Non trading repos |  | 22,288 | ​ | (8,709) | ​ | 13,579 | ​ | (80) | ​ | — | ​ | (13,499) | ​ | — | ​ | — | ​ | 13,579
Net position |  | 23,312 | ​ | — | ​ | 23,312 | ​ | — | ​ | — | ​ | (23,312) | ​ | — | ​ | — | ​ | 23,312
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2023 |  | ​ |  | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ |  | ​ |  | ​
Derivative assets |  | 99,023 | ​ | (20,597) | ​ | 78,426 | ​ | (60,355) | ​ | (12,284) | ​ | (3,408) | ​ | 2,379 | ​ | 478 | ​ | 78,904
Derivative liabilities |  | 95,734 | ​ | (23,869) | ​ | 71,865 | ​ | (60,355) | ​ | (6,788) | ​ | (1,663) | ​ | 3,059 | ​ | 530 | ​ | 72,395
Net position (1) |  | 3,289 | ​ | 3,272 | ​ | 6,561 | ​ | — | ​ | (5,496) | ​ | (1,745) | ​ | (680) | ​ | (52) | ​ | 6,509
​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​
Trading reverse repos |  | 39,573 | ​ | (16,257) | ​ | 23,316 | ​ | (664) | ​ | — | ​ | (22,461) | ​ | 191 | ​ | 378 | ​ | 23,694
Trading repos |  | 42,442 | ​ | (16,257) | ​ | 26,185 | ​ | (664) | ​ | — | ​ | (25,520) | ​ | 1 | ​ | 717 | ​ | 26,902
Net position |  | (2,869) | ​ | — | ​ | (2,869) | ​ | — | ​ | — | ​ | 3,059 | ​ | 190 | ​ | (339) | ​ | (3,208)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non trading reverse repos |  | 37,477 | ​ | (9,646) | ​ | 27,831 | ​ | (5) | ​ | — | ​ | (27,826) | ​ | — | ​ | 80 | ​ | 27,911
Non trading repos |  | 23,605 | ​ | (9,646) | ​ | 13,959 | ​ | (5) | ​ | — | ​ | (13,954) | ​ | — | ​ | 3 | ​ | 13,962
Net position |  | 13,872 | ​ | — | ​ | 13,872 | ​ | — | ​ | — | ​ | (13,872) | ​ | — | ​ | 77 | ​ | 13,949
​
(1) | Net IFRS offset balance of £2,281 million (2023 - £3,272 million)relates to variation margin netting reflected on other balance sheet lines.

X
- Definition The disclosure of detailed information about financial instruments. [Refer: Classes of financial instruments [domain]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2024-01-01 -Paragraph 31 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_31&doctype=Standard -URIDate 2024-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2024-01-01 -Paragraph 7 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_7&doctype=Standard -URIDate 2024-03-27 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2024-01-01 -Paragraph 35K -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_35K&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfFinancialInstrumentsAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of a maturity analysis of finance lease payments receivable. Finance lease is a lease that transfers substantially all the risks and rewards incidental to ownership of an underlying asset. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2024-01-01 -Paragraph 94 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2024-en-r&anchor=para_94&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfMaturityAnalysisOfFinanceLeasePaymentsReceivableExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the offsetting of financial assets and financial liabilities. [Refer: Financial assets; Financial liabilities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2024-01-01 -Section Offsetting financial assets and financial liabilities -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IFRS07_g13A-13F_TI -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfOffsettingOfFinancialAssetsAndFinancialLiabilitiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of reconciliation of financial assets + References No definition available. + Details
Name: | nwg_DisclosureOfReconciliationOfFinancialAssetsTableTextBlock
Namespace Prefix: | nwg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration