NatWest
British retail and commercial bank / From Wikipedia, the free encyclopedia
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National Westminster Bank,[1] trading as NatWest,[2] is a major retail and commercial bank in the United Kingdom based in London, England. It was established in 1968 by the merger of National Provincial Bank and Westminster Bank. In 2000, it became part of The Royal Bank of Scotland Group, which was re-named NatWest Group in 2020. Following ringfencing of the group's core domestic business, the bank became a direct subsidiary of NatWest Holdings; NatWest Markets comprises the non-ringfenced investment banking arm. The British government currently owns 35%[3] of NatWest Group after spending £45 billion ($61.87 billion) bailing out the lender in 2008; the proportion at one point was 54.7%.[4] NatWest International is a trading name of RBS International, which also sits outside the ringfence.
NatWest | |
Formerly | National Westminster Bank Limited (1968-1981) |
Industry | Financial services |
Predecessor | National Provincial Bank Westminster Bank District Bank |
Founded | 18 March 1968; 56 years ago (1968-03-18) |
Headquarters | London, England, UK |
Key people | Chairman: Sir Howard Davies Chief Executive: Paul Thwaite |
Products | Banking, Investments, Lending and Insurance |
Parent | NatWest Holdings |
Subsidiaries | Coutts |
Website | natwest |
NatWest is considered one of the Big Four clearing banks in the UK,[5][6] and it has a large network of over 960 branches[7] and 3,400 cash machines across Great Britain and offers 24-hour Actionline telephone and online banking services. Today, it has more than 7.5 million personal customers and 850,000 small business accounts. In Northern Ireland, it operates through the Ulster Bank brand.