Half Year 2022 Natwest Group PLC Earnings Call (Fixed Income) Transcript

Jul 29, 2022 / 12:00PM GMT
Operator

Good afternoon, and welcome to the NatWest Group H1 Results 2022 Fixed Income Presentation. Today's presentation will be hosted by CFO, Katie Murray; and Treasurer, Donal Quaid. After the presentation, we will open up for questions. Katie, please go ahead.

Katie Murray - NatWest Group plc - Group CFO & Executive Director

Good afternoon, everyone, and thank you for joining our half year 2022 fixed income results presentation. I'm joined today by Donal Quaid, our Treasurer; and Paul Pybus, our Head of Debt IR. I will take you through the headlines of the half year, give an update on our strategic priorities and then move on to some of the detail. Donal will then take you through the balance sheet, capital and liquidity, and then we'll open it up for questions. So starting with the headlines on Slide 3. We announced a strong first half performance today with operating profit before tax of GBP 2.8 billion, up 12.8% on the first half last year, and attributable profit of GBP 1.9 billion.

Our return on tangible equity was 13.1%, up from 11.7%. We're

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