National Westminster Bank (NatWest)

 (3.0; 20 ratings)
3.0 20
Business Focus
universal banking

National Westminster Bank (Natwest) is a British credit institution providing retail, private and corporate banking products and services to individuals, businesses and corporate customers.

Services

retail banking
premier banking
corporate banking

Clients

individuals
companies

Area Served

GBUnited Kingdom

Products

current accounts
credit cards
savings accounts
term deposit accounts
cash ISAs
personal loans
car loans
overdrafts
investment funds

Account Opening

Becoming a client of National Westminster Bank (NatWest) can be done in a few steps:
1.
Submit online application

Due to regulatory requirements National Westminster Bank (NatWest) performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual National Westminster Bank (NatWest) will ask him/her to provide the following documents: passport, ID card, utility bill. For corporate clients National Westminster Bank (NatWest) will ask to provide corporate documentation as well as information about controlling persons. National Westminster Bank (NatWest) may request additional documentation or information depending on the case.

Ways to Bank

National Westminster Bank (NatWest) delivers its products and services through both direct and indirect channels, namely:
branch
online banking
mobile app
phone

Financials

Total Assets of National Westminster Bank (NatWest)
Annual_profit of National Westminster Bank (NatWest)
Market Share of National Westminster Bank (NatWest)
Total Assets (2018)
301.62 bln GBP  (-11.51%)
Annual Profit (2018)
2,736.00 mln GBP  (+32.24%)

National Westminster Bank (NatWest) is the 8th largest bank in the United Kingdom in terms of total assets. In 2018 its total assets were 301,62 bln GBP, providing the bank with the market share of 3.40%. In 2018 the bank's annual profit was 2 736,00 mln GBP.

Credit Ratings

Fitch: BBB+
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: A1
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

National Westminster Bank (NatWest) is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB+ (good credit quality). Long-term credit rating assigned to the bank by Moody's is A1 (upper medium grade).

Deposit Guarantee

Protected Amount
up to 85,000 GBP
Guarantee Fund
Financial Services Compensation Scheme (FSCS)
Covered Depositors
private individuals
companies
Covered Accounts
current accounts
savings accounts
time deposit accounts

National Westminster Bank (NatWest) participates in the deposit guarantee scheme of the United Kingdom. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by private individuals, companies and covers up to up to 85,000 GBP per bank per depositor. National Westminster Bank (NatWest) is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.

Contacts

Drapers Gardens, 12 Throgmorton Avenue, EC2N 2DL, London, United Kingdom
44 08000154212
https://www.natwest.com/

National Westminster Bank (NatWest) is headquartered in London.

Bank Identifiers

LEI
213800IBT39XQ9C4CP71
Company Number
00929027
MFI ID
GB1920

Bank Supervision

Supervised By
Financial Conduct Authority
Reference Number
121878

National Westminster Bank (NatWest) is authorized and supervised by the Financial Conduct Authority (reference number 121878).

Bank History

Start Date
March 1968

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