Gildas Sori

Gildas Sori of Crédit Agricole inquired about the projected CET1 savings from SRTs over the next 2-3 years and how the LCR's stable/less stable deposit mix reconciles with the increasing digitalization trend in retail banking.

Answer

Katie Murray (CFO, NatWest Group) noted the stability of deposit mixes despite digitalization and the expectation of continued growth in non-interest-bearing deposits. Donal Quaid (Treasurer, NatWest Group) added that digitalization hasn't significantly altered customer trends impacting LCR outflow assumptions and estimated SRTs could provide approximately 50 basis points benefit to CET1, potentially reaching 60-80 basis points with future transactions.