NatWest Group

NatWest Group PLC
	NatWest Group Registered Office in October 2007
Formerly	The Royal Bank of Scotland Group Public Limited Company (1968–2020);
Company type	Public limited company
Traded as	LSE: NWG; NYSE: NWG; FTSE 100 Component;
Industry	Banking; Financial services;
Founded	25 March 1968
Headquarters	Edinburgh, Scotland, UK
Area served	United Kingdom
Key people	Sir Howard Davies (Chairman); Paul Thwaite (Group Chief Executive);
Products	Finance and insurance; Retail banking; Corporate banking; Investment banking; Private banking; Mortgages; Credit cards;
Revenue	£14.752 billion (2023)
Operating income	£6.178 billion (2023)
Net income	£4.632 billion (2023)
Total assets	£692.673 billion (2023)
Total equity	£37.188 billion (2023)
Owner	UK Government Investments (29.82%)
Number of employees	61,500 (2023)
Subsidiaries	NatWest Holdings; NatWest Markets; RBS International;
Website	natwestgroup.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 collapse and the general financial crisis, the Group 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] It had to be bailed out by the UK government through 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.

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

^ ^a ^b "NatWest Group PLC overview - Find and update company information - GOV.UK". Companies House. 25 March 1968. Retrieved 20 February 2024.
^ ^a ^b ^c ^d ^e ^f "Annual Results 2023" (PDF). NatWest Group. Retrieved 16 February 2024.
^ 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.
^ "The Royal Bank of Scotland". Scotbanks.org. Archived from the original on 19 July 2011. Retrieved 18 April 2011.
^ RBS et mon droit: HM deficits (FT Alphaville, accessed 20 January 2009)
^ Barker, Alex (8 October 2008). "Brown says UK leads world with rescue". Financial Times. Retrieved 8 October 2008.

[CompaniesHouse-1] "NatWest Group PLC overview - Find and update company information - GOV.UK". Companies House. 25 March 1968. Retrieved 20 February 2024.

[results-2] ^ ^a ^b ^c ^d ^e ^f "Annual Results 2023" (PDF). NatWest Group. Retrieved 16 February 2024.

[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 (FT Alphaville, accessed 20 January 2009)

[6] Barker, Alex (8 October 2008). "Brown says UK leads world with rescue". Financial Times. Retrieved 8 October 2008.

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