NatWest Group

NatWest Group plc
Formerly
  • The Royal Bank of Scotland Group Public Limited Company (1968–2020)[1]
Company typePublic
Industry
Founded25 March 1968 (1968-03-25)
HeadquartersEdinburgh, Scotland, UK
Area served
United Kingdom
Key people
Products
RevenueDecrease £14.703 billion (2024)[2]
Increase £6.195 billion (2024)[2]
Increase £4.811 billion (2024)[2]
Total assetsIncrease £707.985 billion (2024)[2]
Total equityIncrease £39.378 billion (2024)[2]
Number of employees
60,700 (2024)[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,[3] NatWest Markets and Coutts.[4] The group issues banknotes in Scotland and Northern Ireland.

Before the 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).[5]

The bank was bailed out by the UK government via the 2008 United Kingdom bank rescue package.[6] 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. As of 15 May 2025, the British government owns less than 1 per cent of NatWest Group after selling down its shareholding in 2025.[7]

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 2024" (PDF). NatWest Group. Retrieved 14 February 2025.
  3. ^ 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.
  4. ^ "The Royal Bank of Scotland". Scotbanks.org. Archived from the original on 19 July 2011. Retrieved 18 April 2011.
  5. ^ "RBS et mon droit: HM deficits". Financial Times.
  6. ^ Barker, Alex (8 October 2008). "Brown says UK leads world with rescue". Financial Times. Retrieved 8 October 2008.
  7. ^ Martin, Ben (15 May 2025). "NatWest reprivatisation near as taxpayers' stake falls below 1%". www.thetimes.com. Retrieved 15 May 2025.

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