National Westminster Bank

 (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

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

Account Opening

Becoming a client of National Westminster Bank can be done in a few steps:

1.
Submit online application

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

Ways to Bank

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

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

National Westminster Bank is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa3 (high 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 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 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

National Westminster Bank is headquartered in London.

Social Networks

National Westminster Bank has profiles at the following social networks:

Bank Identifiers

BIC (SWIFT)
NWBKGB2XXXX
LEI
213800IBT39XQ9C4CP71
Company Number
00929027
MFI ID
GB1920

Bank Supervision

Supervised By
Financial Conduct Authority
Reference Number
121878

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

Bank History

Start Date
March 1968

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Banking Products in the United Kingdom

See Also

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