• NatWest Group average return on tangible equity for 2023 was 10.09, a 49.48% increase from 2022.
• NatWest Group average return on tangible equity for 2022 was 6.75, a 106.42% increase from 2021.
• NatWest Group average return on tangible equity for 2021 was 3.27, a 31.33% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.