NatWest Group PLC (NYSE:NWG)
$ 10.24 -0.01 (-0.1%) Market Cap: 41.16 Bil Enterprise Value: -82.86 Bil PE Ratio: 7.70 PB Ratio: 0.86 GF Score: 73/100
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Natwest Group PLC at Bank of America Banking & Insurance CEO Conference Transcript

Sep 20, 2022 / 07:45AM GMT
Release Date Price: $6.22 (-2.66%)
Rohith Chandra;Rajan
BofA Securities, Research Division - Director & Senior Analyst

Thank you very much for joining us. I'm Rohith Chandra-Rajan. We have a run of U.K. bank sessions ahead of us, so I thought this might be a good time to just gauge your sentiment on the U.K. banks.

So we've got 3 quick polling questions to ask you. There are tablets on your seats, so please use those to respond. You can also use those through the session to ask questions. But do also, when I ask, please feel free to raise your hands to ask if you want to ask a question verbally.

So if we can bring up the first question, which we have done. Your views on U.K. banks' provision charges. So they will rise sharply. We're in for a painful recession accompanied by a credit -- by accompanied by credit cycle. The second option, they'll stay low, government action is averting recession and balance sheets are in good shape. Or the third option, they'll normalize quickly. Some customers are under pressure, but balance sheets are in good shape and reserves are high.

So a reasonably

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