NatWest Bank was formed in 1968 by merger of National Provincial Bank and Westminster Bank, which was then named as National Westminster Bank.
In 2000, Royal Bank of Scotland group has completely acquired the Natwest for 21 bn Euro which was considered as the biggest acquisition in the British Banking Industry. In 1990s, financial service markets around the world has underwent massive change and started refocussing its activities, exiting from few markets.
This refocus has made the bank to adopt the title NatWest. The NatWest group is consistently delivering on its plan to build a simple, strong and fair bank for both customers and shareholders. The operating segments are realigned to support the goal and reflect the progress. The activities of NatWest group are organized a Corporate Markets, Global Banking & Markets, UK Banking and Retail Markets. Global Banking is one of the leading banking partner to major corporations and financial institutions around the world, which provides wide range of debt financing, investment service and risk management to their customers. Retail arm of NatWest group provides a wide range of retail banking products and related financial services to individuals and corporates. UK banking focus provides banking, finance and risk management service to their UK customers.
In 2015, the total income of the Natwest Bank was 0.7 bn Euro less than the total income in 2014 which was due to the impact of reduced scale of Institutional and Corporate Banking business along with rundown of Capital Resolution. However, thebank observed improvement in deposit margins. The operating expenses in 2015 increased by 37% compared to the expenses in 2014. The group has exited substantially from the North American asset-backed products business.