Back رويال بنك أوف سكوتلاند Arabic NatWest Group Czech NatWest Group Danish NatWest Group German Royal Bank of Scotland Group Estonian NatWest Group Basque نات‌وست Persian Royal Bank of Scotland Group ID ナットウエスト・グループ Japanese Kumpulan Bank Diraja Scotland Malay

NatWest Group

NatWest Group PLC
Formerly
  • The Royal Bank of Scotland Group Public Limited Company (1968–2020)[1]
Company typePublic limited company
Industry
Founded25 March 1968 (1968-03-25)
HeadquartersEdinburgh, Scotland, UK
Area served
United Kingdom
Key people
Products
RevenueIncrease £14.752 billion (2023)[2]
Increase £6.178 billion (2023)[2]
Increase £4.632 billion (2023)[2]
Total assetsDecrease £692.673 billion (2023)[2]
Total equityIncrease £37.188 billion (2023)[2]
OwnerUK Government Investments (19.97%)[3]
Number of employees
61,500 (2023)[2]
Subsidiaries
Websitenatwestgroup.com

NatWest Group PLC[1] is a British banking and insurance holding company, based in Edinburgh, Scotland.

The group operates a wide variety of banking brands offering personal and business banking, private banking, investment banking, insurance and corporate finance. In the United Kingdom, its main subsidiary companies are National Westminster Bank, Royal Bank of Scotland,[4] NatWest Markets and Coutts.[5] The group issues banknotes in Scotland and Northern Ireland.

Before the 2007–2008 financial crisis, NatWest was very briefly the largest bank in the world, and for a period was the second-largest bank in the UK and Europe and the fifth-largest in the world by market capitalisation. Subsequently, with a slumping share price and major loss of confidence, the bank fell sharply in the rankings, although in 2009 it was briefly the world's largest company by both assets (£1.9 trillion) and liabilities (£1.8 trillion).[6] It was bailed out by the UK government via the 2008 United Kingdom bank rescue package.[7]

The government retained a majority share until 28 March 2022, held and managed through UK Government Investments. It has subsequently reduced its shareholding in a series of transactions.

In addition to its primary share listing on the London Stock Exchange, the company is also listed on the New York Stock Exchange.

  1. ^ a b "NatWest Group PLC overview - Find and update company information - GOV.UK". Companies House. 25 March 1968. Retrieved 20 February 2024.
  2. ^ a b c d e f "Annual Results 2023" (PDF). NatWest Group. Retrieved 16 February 2024.
  3. ^ "UK's Reeves Leans Toward Institutional Sale for NatWest Shares". Bloomberg.com. 25 July 2024. Retrieved 26 July 2024.
  4. ^ The Scottish Gaelic name (Scottish Gaelic: Banca Rìoghail na h-Alba) is used by its retail banking branches in parts of Scotland, especially in signage and customer stationery.
  5. ^ "The Royal Bank of Scotland". Scotbanks.org. Archived from the original on 19 July 2011. Retrieved 18 April 2011.
  6. ^ "RBS et mon droit: HM deficits". Financial Times.
  7. ^ Barker, Alex (8 October 2008). "Brown says UK leads world with rescue". Financial Times. Retrieved 8 October 2008.

Developed by StudentB