NatWest Group plc has released its Annual Report and Accounts 2023, which will be available for inspection on the National Storage Mechanism and the company's website. Shareholders who have opted for a hard copy will receive it ahead of the Annual General Meeting. Additionally, the company has published the 2023 Pillar 3 report on its website. The report contains risk factors and details of related party transactions extracted from the Annual Report and Accounts 2023.
The report outlines principal risks and uncertainties that could impact NatWest Group's future results, financial condition, and prospects. These include economic and political risks, both in the UK and global markets. The company is particularly exposed to conditions in the UK due to its focus on the region. Factors such as GDP growth, inflation, interest rates, energy prices, supply chain disruption, and changes to monetary and fiscal policy can affect the company's operations.
NatWest Group also faces risks arising from geopolitical events or political developments that may hinder economic or financial activity levels. This includes political uncertainty in the UK and Scotland, as well as events such as armed conflict, terrorist acts, protectionist policies, and public health crises. The company acknowledges that these factors could negatively affect its business and performance, as well as impact UK, regional, or global trade, and its customers and counterparties.
The report emphasizes that the UK's political uncertainty, including the upcoming general election and the possibility of a Scottish independence referendum, could lead to a loss of confidence in the UK, negatively impacting the economy and companies operating in the region. Any changes to Scotland's relationship with the UK or the EU may adversely affect the environment in which NatWest Group plc and its subsidiaries operate.
Overall, the Annual Report and Accounts 2023 and the Pillar 3 report provide a comprehensive overview of the risks and uncertainties that NatWest Group plc faces, particularly in the context of economic and political factors both in the UK and globally. For further information, the company has provided contact details for Media Relations and NatWest Group Investor Relations.