Q1 2021 Natwest Group PLC Interim Management Statement Call Transcript

Feb 11, 2024

Apr 29, 2021 / 08:00AM GMT
Operator

Welcome, everyone. Today's presentation will be hosted by CEO, Alison Rose; and CFO, Katie Murray. After the presentation, we will open up for questions.

Alison Marie Rose-Slade - NatWest Group plc - Group CEO & Executive Director

Good morning, and thank you for joining us today. As this is a quarterly update, we'll be relatively brief this morning. I'll cover progress on our performance and strategy before handing over to Katie to take you through the financial performance in more detail. We'll then open it up for questions.

So let me begin with the headlines on Slide 3. We delivered a profitable performance in the first quarter as we continue to support our customers to advance our strategy and to accelerate our digital transformation in response to changing customer needs. We are reporting operating profit before impairments of GBP 844 million and have made an impairment relief of GBP 102 million during the quarter as defaults continue to remain low with little change in stage migration.

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