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Financial Instruments - maturity analysis (Tables)

12 Months Ended

Dec. 31, 2024

Financial instruments - classification

Schedule of residual maturity of financial instruments


		2024						2023
		Less than		More than				Less than		More than
		12 months		12 months		Total		12 months		12 months		Total
		£m		£m		£m		£m		£m		£m
Assets
Cash and balances at central banks		92,994		—		92,994		104,262		—		104,262
Trading assets		37,168		11,749		48,917		36,723		8,828		45,551
Derivatives		34,267		44,139		78,406		29,839		49,065		78,904
Settlement balances		2,085		—		2,085		7,231		—		7,231
Loans to banks - amortised cost		5,360		670		6,030		6,650		264		6,914
Loans to customers - amortised cost		99,793		300,533		400,326		87,663		293,770		381,433
Other financial assets		14,524		48,719		63,243		10,192		40,910		51,102

Liabilities
Bank deposits		21,675		9,777		31,452		8,954		13,236		22,190
Customer deposits		430,693		2,797		433,490		424,893		6,484		431,377
Settlement balances		1,729		—		1,729		6,645		—		6,645
Trading liabilities		44,683		10,031		54,714		45,349		8,287		53,636
Derivatives		34,134		37,948		72,082		30,721		41,674		72,395
Other financial liabilities		22,773		38,314		61,087		20,310		34,779		55,089
Subordinated liabilities		1,051		5,085		6,136		1,047		4,667		5,714
Notes in circulation		3,316		—		3,316		3,237		—		3,237
Lease liabilities		94		536		630		102		568		670

Schedule of undiscounted cash flows payable by contractual maturity

0-3 months

3-12 months

1-3 years

3-5 years

5-10 years

10-20 years

2024

£m

£m

£m

£m

£m

£m

Assets by contractual maturity up to 20 years

Cash and balances at central banks

92,994

—

—

—

—

—

Derivatives held for hedging

17

66

107

61

53

76

Settlement balances

2,085

—

—

—

—

—

Loans to banks - amortised cost

5,080

297

612

9

23

158

Loans to customers - amortised cost

59,702

56,264

82,995

63,857

99,837

123,946

Other financial assets (1)

7,068

9,414

17,417

11,643

11,843

7,493

Finance lease

27

89

126

105

207

325

166,973

66,130

101,257

75,675

111,963

131,998

Liabilities by contractual maturity up to 20 years

Bank deposits

16,914

5,315

10,114

81

79

—

Customer deposits

396,703

34,316

2,713

82

—

14

Settlement balances

1,729

—

—

—

—

—

Derivatives held for hedging

63

343

335

271

43

2

Other financial liabilities

8,305

13,501

22,869

15,350

4,710

987

Subordinated liabilities

53

1,201

2,059

2,927

754

339

Other liabilities - Notes in circulation

3,316

—

—

—

—

—

Lease liabilities

24

68

185

96

168

102

427,107

54,744

38,275

18,807

5,754

1,444

Guarantees and commitments - notional amount (2)

Guarantees (3)

3,060

—

—

—

—

—

Commitments (4)

132,958

—

—

—

—

—

136,018

—

—

—

—

—


		0-3 months		3-12 months		1-3 years		3-5 years		5-10 years		10-20 years
2023		£m		£m		£m		£m		£m		£m
Assets by contractual maturity up to 20 years
Cash and balances at central banks		104,262		—		—		—		—		—
Derivatives held for hedging		31		29		128		104		49		49
Settlement balances		7,231		—		—		—		—		—
Loans to banks - amortised cost		5,234		1,437		23		302		—		—
Loans to customers - amortised cost		52,175		46,894		81,445		61,465		96,577		114,806
Other financial assets (1)		4,897		6,756		12,304		11,183		10,019		8,063
Finance lease		61		242		735		401		656		359
		173,891		55,358		94,635		73,455		107,301		123,277
Liabilities by contractual maturity up to 20 years
Bank deposits		8,334		1,279		6,069		8,307		—		—
Customer deposits		393,363		31,900		6,464		11		14		19
Settlement balances		6,645		—		—		—		—		—
Derivatives held for hedging		71		175		366		192		92		8
Other financial liabilities		9,094		12,319		18,843		13,818		4,769		346
Subordinated liabilities		72		1,167		2,301		1,512		1,406		342
Other liabilities - Notes in circulation		3,237		—		—		—		—		—
Lease liabilities		30		79		172		111		175		132
		420,846		46,919		34,215		23,951		6,456		847
Guarantees and commitments - notional amount (2)
Guarantees (3)		2,833		—		—		—		—		—
Commitments (4)		124,790		—		—		—		—		—
		127,623		—		—		—		—		—

(1)	Other financial assets exclude equity shares.

(2)	Refer to Note 25 Memorandum items - Contingent liabilities and commitments.

(3)	NatWest Group is only called upon to satisfy a guarantee when the guaranteed party fails to meet its obligations. NatWest Group expects most guarantees it provides to expire unused.

(4)	NatWest Group has given commitments to provide funds to customers under undrawn formal facilities, credit lines and other commitments to lend subject to certain conditions being met by the counterparty. NatWest Group does not expect all facilities to be drawn, and some may lapse before drawdown.