NatWest Group plc (formerly The Royal Bank of Scotland Group plc), is a majority state-owned 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, insurance and corporate finance through its offices located in Europe, North America and Asia. In the United Kingdom, its main subsidiary companies are NatWest, Royal Bank of Scotland, Ulster Bank, NatWest Markets, and Coutts. The group issues banknotes in Scotland and Northern Ireland; as of 2014, the Royal Bank of Scotland was the only bank in the UK to still print £1 notes.
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). It had to be bailed out by the UK government through the 2008 United Kingdom bank rescue package.
The government, as of June 2018, holds and manages a 62.4% stake through UK Government Investments. In addition to its primary share listing on the London Stock Exchange, the company is also listed on the New York Stock Exchange.
Formerly:
- National and Commercial Banking Group Ltd. (1968-1979)
- The Royal Bank of Scotland Group Ltd. (1979-1982)
- The Royal Bank of Scotland Group plc (1982-2020)
Type: Public limited company
Traded as: LSE: NWG; NYSE: NWG; FTSE 100 Component
Industry: Banking; Financial services
Founded: 1969; 51 years ago
Headquarters: Edinburgh, Scotland
Products:
- Finance and insurance
- Retail banking
- Corporate banking
- Investment banking
- Private banking
- Mortgages
- Credit cards
Owner: UK Government Investments (62.4%)
Subsidiaries:
- NatWest Holdings
- NatWest Markets
- RBS International
Website: www.natwestgroup.com
