XML 260 R50.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Operating expenses (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Operating expenses |
Schedule of operating expenses | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023 |  | 2022
Continuing operations | ​ | £m | ​ | £m | ​ | £m
Salaries |  | 2,477 |  | 2,483 |  | 2,250
Bonus awards |  | 411 |  | 353 |  | 334
Temporary and contract costs | ​ | 162 | ​ | 199 | ​ | 234
Social security costs |  | 371 |  | 352 |  | 328
Pension costs | ​ | 311 | ​ | 313 | ​ | 363
- defined benefit schemes (Note 5) |  | 86 |  | 122 |  | 205
- defined contribution schemes |  | 225 |  | 191 |  | 158
Other |  | 329 |  | 201 |  | 207
Staff costs |  | 4,061 |  | 3,901 |  | 3,716
​ | ​ | ​ | ​ | ​ | ​ | ​
Premises and equipment |  | 1,211 |  | 1,153 |  | 1,112
UK bank levy |  | 142 |  | 109 |  | 101
Depreciation and amortisation (1) |  | 1,058 |  | 934 |  | 833
Other administrative expenses (2) |  | 1,677 |  | 1,899 |  | 1,925
Administrative expenses |  | 4,088 |  | 4,095 |  | 3,971
​ | ​ | 8,149 | ​ | 7,996 | ​ | 7,687
​ (1)Includes depreciation of right of use assets of £103 million (2023 - £104 million; 2022 - £119 million). (2)Includes litigation and conduct costs, net of amounts recovered. Refer to Note 20 for further details.
Schedule of employees in continuing operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Continuing operations |  | 2024 |  | 2023 |  | 2022
Retail Banking |  | 13,000 |  | 14,300 |  | 15,100
Private Banking |  | 2,200 |  | 2,400 |  | 2,300
Commercial & Institutional |  | 12,700 |  | 12,400 |  | 12,200
Central items & other (1) |  | 31,800 |  | 32,500 |  | 31,400
Total |  | 59,700 |  | 61,600 |  | 61,000
​ | ​ | ​ | ​ | ​ | ​ | ​
UK |  | 40,100 |  | 41,500 |  | 41,200
India |  | 17,600 |  | 16,900 |  | 15,700
Poland | ​ | 800 | ​ | 1,500 | ​ | 1,500
USA | ​ | 300 | ​ | 300 | ​ | 300
Republic of Ireland | ​ | 100 | ​ | 400 | ​ | 1,400
Rest of the World |  | 800 |  | 1,000 |  | 900
Total |  | 59,700 |  | 61,600 |  | 61,000
​
(1) | Central items & other includes Ulster Bank RoI. The total number of persons employed in Ulster Bank RoI of 200 (2023 – 500; 2022 – 2,200) includes nil people employed in discontinued operations at 31 December 2024 (2023 – nil; 2022 – 400).
Schedule of share-based compensation | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Award plan |  | Eligible employees |  | Nature of award |  | Vesting conditions (1) |  | Settlement
Sharesave | ​ | UK, Channel Islands, Gibraltar, Isle of Man, Poland and India. | ​ | Option to buy shares under employee savings plan | ​ | Continuing employment or leavers in certain circumstances | ​ | 2025 to 2029
Deferred performance awards | ​ | All | ​ | Awards of ordinary shares and conditional shares | ​ | Continuing employment or leavers in certain circumstances | ​ | 2025 to 2032
Long-term incentives (2,3) | ​ | Senior employees | ​ | Awards of ordinary shares and conditional shares | ​ | Continuing employment or leavers in certain circumstances and/or satisfaction of the pre-vesting assessment and underpins | ​ | 2025 to 2031
Sharing in Success (4) | ​ | All | ​ | Awards of ordinary shares and conditional shares | ​ | Future continuing employment and achievement of pre-defined measures. | ​ | 2025
​
(1) | All awards are subject to discretion of Remuneration Committee.
(2) | Long-term incentives include buy-out awards offered to compensate certain new hires for the loss of forfeited awards from their previous employment. Existing Long - term incentives vest over 3 to 7 years.
(3) | The existing Restricted Share Plan scheme would be replaced by Performance Share Plan in 2025.
(4) | In 2024 16 million shares at total value of £49 million were granted and vested under Sharing in Success.
Schedule of bonus awards | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Bonus awards | ​ | 2024 | ​ | 2023 | ​ | Change |
​ |  | £m |  | £m |  | % |
March awards (1) | ​ | 63 | ​ | 43 | ​ | 47 | %
Deferred cash awards |  | 324 |  | 262 |  | 24 | %
Deferred share awards |  | 61 |  | 51 |  | 20 | %
Total deferred bonus awards |  | 385 |  | 313 |  | 23 | %
Total bonus awards (2) |  | 448 |  | 356 |  | 26 | %
Bonus awards as a % of operating profit before tax and bonus awards |  | 7 | % | 5 | % | ​ | ​
Proportion of bonus awards that are deferred |  | ​ | ​ | ​ | ​ | ​ | ​
- deferred cash awards |  | 86 | % | 86 | % | ​ | ​
- deferred share awards |  | 14 | % | 14 | % | ​ | ​
​ Reconciliation of bonus awards to income statement charge ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023 |  | 2022
​ | ​ | £m | ​ | £m | ​ | £m
Bonus awarded |  | 448 |  | 356 |  | 370
Less: deferral of charge for amounts awarded for current year |  | (144) |  | (114) |  | (127)
Income statement charge for amounts awarded in current year |  | 304 |  | 242 |  | 243
​ | ​ | ​ | ​ | ​ | ​ | ​
Add: current year charge for amounts deferred from prior years |  | 109 |  | 115 |  | 94
Less: forfeiture of amounts deferred from prior years |  | (2) |  | (4) |  | (3)
Income statement charge for amounts deferred from prior years |  | 107 |  | 111 |  | 91
Income statement charge for bonus awards (2) |  | 411 |  | 353 |  | 334
​
(1) | March cash awards are limited to £2,000 for all employees.
(2) | Excludes other performance-related compensation.
Year in which income statement charge is expected to be taken for deferred bonus awards ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Actual | ​ | Expected
​ |  | ​ |  | ​ |  | ​ |  | ​ |  | 2026
​ | ​ | 2022 | ​ | 2023 | ​ | 2024 | ​ | 2025 | ​ | and beyond
​ | ​ | £m | ​ | £m | ​ | £m | ​ | £m | ​ | £m
Bonus awards deferred from 2022 and earlier |  | 94 |  | 115 |  | 17 | ​ | 8 | ​ | 6
Bonus awards deferred from 2023 | ​ | — | ​ | — | ​ | 92 | ​ | 8 | ​ | 9
Less: forfeiture of amounts deferred from prior years |  | (3) |  | (4) |  | (2) | ​ | — | ​ | —
Bonus awards deferred for 2024 |  | — |  | — |  | — | ​ | 122 | ​ | 22
​ |  | 91 |  | 111 |  | 107 | ​ | 138 | ​ | 37
​
Sharesave |
Operating expenses |
Schedule of share-based compensation | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sharesave | ​ | 2024 | ​ | 2023 | ​ | 2022
​ |  | Average |  | Shares |  | Average |  | Shares |  | Average |  | Shares
​ | ​ | exercise price | ​ | under option | ​ | exercise price | ​ | under option | ​ | exercise price | ​ | under option
​ | ​ | £ | ​ | (million) | ​ | £ | ​ | (million) | ​ | £ | ​ | (million)
At 1 January |  | 1.59 |  | 114 |  | 1.63 |  | 99 |  | 1.61 |  | 95
Granted |  | 2.94 |  | 24 |  | 1.42 |  | 43 |  | 1.86 |  | 25
Exercised |  | 1.52 |  | (32) |  | 1.44 |  | (23) |  | 1.88 |  | (15)
Cancelled |  | 1.60 |  | (5) |  | 1.72 |  | (5) |  | 1.60 |  | (6)
At 31 December |  | 1.93 |  | 101 |  | 1.59 |  | 114 |  | 1.63 |  | 99
Deferred performance awards |
Operating expenses |
Schedule of share-based compensation | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred performance awards | ​ | 2024 | ​ | 2023 | ​ | 2022
​ |  | Value at |  | Shares |  | Value at |  | Shares |  | Value at |  | Shares
​ | ​ | grant | ​ | awarded | ​ | grant | ​ | awarded | ​ | grant | ​ | awarded
​ | ​ | £m | ​ | (million) | ​ | £m | ​ | (million) | ​ | £m | ​ | (million)
At 1 January |  | 76 |  | 35 |  | 93 |  | 46 |  | 132 |  | 65
Granted |  | 50 |  | 23 |  | 52 |  | 20 |  | 46 |  | 20
Forfeited |  | (3) |  | (1) |  | (2) |  | (1) |  | (4) |  | (2)
Vested |  | (57) |  | (27) |  | (67) |  | (30) |  | (81) |  | (37)
At 31 December |  | 66 |  | 30 |  | 76 |  | 35 |  | 93 |  | 46
Long-term incentives |
Operating expenses |
Schedule of share-based compensation | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Long-term incentives | ​ | 2024 | ​ | 2023 | ​ | 2022
​ |  | Value at |  | Shares |  | Value at |  | Shares |  | Value at |  | Shares
​ | ​ | grant | ​ | awarded | ​ | grant | ​ | awarded | ​ | grant | ​ | awarded
​ | ​ | £m | ​ | (million) | ​ | £m | ​ | (million) | ​ | £m | ​ | (million)
At 1 January |  | 49 |  | 23 |  | 49 |  | 23 |  | 44 |  | 21
Granted |  | 9 |  | 5 |  | 11 |  | 5 |  | 16 |  | 7
Vested/exercised |  | (11) |  | (5) |  | (10) |  | (4) |  | (10) |  | (4)
Lapsed |  | (7) |  | (4) |  | (1) |  | (1) |  | (1) |  | (1)
At 31 December |  | 40 |  | 19 |  | 49 |  | 23 |  | 49 |  | 23
​

X
- Definition The disclosure of information about employees. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfInformationAboutEmployeesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for share-based payment arrangements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2024-01-01 -Paragraph 44 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2024-en-r&anchor=para_44&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table. + References No definition available. + Details
Name: | ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of bonus awards. + References No definition available. + Details
Name: | nwg_DisclosureOfBonusAwardsTableTextBlock
Namespace Prefix: | nwg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the details pertaining to operating expenses. + References No definition available. + Details
Name: | nwg_DisclosureOfOperatingExpensesTextBlock
Namespace Prefix: | nwg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=nwg_SharesaveOptionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=nwg_DeferredPerformanceAwardsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=nwg_LongTermIncentiveMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |