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The National Westminster Bank plc is a commercial bank in the United Kingdom. Today the NatWest is a wholly owned subsidiary of the Royal Bank of Scotland.
It was in 1968 that the National Westminster Bank was formed on the bank of a merger that took place between the National Provincial Bank and the Westminster Bank. The origins of the two banks could even be traced back to the 17th century.
Today, NatWest is viewed as one of the major banks in the United Kingdom with a huge network of over 3,600 branches across the country.
At the beginning of this century in March 2000, the RBS group (Royal Bank of Scotland) completed the acquisition of NatWest in a move worth around 21 billion pounds – this deal saw the largest take-over in British banking history.
NatWest has retained its strong brand image and customer base since the acquisition in 2000 whilst at the same time gaining in strength from its parent company, RBS. It is now part of a group which proudly ranks as the second largest bank by market capitalisation in the UK and in Europe – and also ranks fifth in the world.