The National Westminster Bank – better known as NatWest – was founded in 1968, and has since become one of the largest commercial banks in the UK. Furthermore, NatWest is ranked as one of the top 10 largest banks in the world in terms of the assets it owns.
Although it is now owned by the Royal Bank of Scotland Group, it continues to be successfully run as an individual operation exclusively in Britain – where they compete against Lloyds, TSB, HSBC, Santander and Barclays for their custom.
Traditionally working with the finance sector, NatWest has developed to also include options for personal banking (of which it currently holds 7.5 million accounts) and small businesses (of which it currently has around 850,000 clients).
NatWest currently offers a full range of banking and insurance services for both personal and commercial purposes, provided through its online, mobile and physical banking portals. Across the UK, NatWest currently has around 1,600 local branches, as well as being responsible for around 3,400 cash machines (also known as ATMs).
Despite earning much of its early market share through private use, NatWest have made huge advances in their offerings to the general public in recent times – as shown by the bank being awarded the title of Mortgage Provider for 13 of the last 17 years.