NatWest Holdings is an intermediate holding company for the

NatWest Group NatWest Group plc is a British banking and insurance holding company, based in Edinburgh, Scotland. The group operates a wide variety of banking brands offering personal and business banking, private banking, investment banking, insurance and ...

's retail banking interests in the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...

. It was established in 2016, as part of a structural reform intended to comply with the requirements of the Financial Services (Banking Reform) Act 2013. The Act implements the

Independent Commission on Banking The Independent Commission on Banking was a United Kingdom government inquiry looking at structural and related non-structural reforms to the UK banking sector to promote financial stability and competition in the wake of the financial crisis of 2 ...

recommendation that core domestic operations should be "ring-fenced" from wholesale and investment banking activities by 2019.

Operations

Registered in England, NatWest Holdings was formed to be the direct parent of five licensed banks: Coutts & Co. is a wholly owned subsidiary of

NatWest National Westminster Bank, commonly known as NatWest, is a major retail and commercial bank in the United Kingdom based in London, England. It was established in 1968 by the merger of National Provincial Bank and Westminster Bank. In 2000, it ...

. NatWest Holdings includes the

Lombard North Central Lombard North Central, trading as Lombard, is a finance company specialising in asset based lending. It is one of the largest finance houses in the United Kingdom and part of the ring-fenced business of NatWest Group. The company started life h ...

asset finance business and RBS Invoice Finance (Holdings). As authorised brands of Royal Bank of Scotland, the ring-fenced group also covers Holt's Military Banking and the private banking houses of Messrs. Drummond and

Child & Co Child & Co. is a private bank. Founded in 1664, it is the oldest bank in the United Kingdom, and the third oldest bank in the world. Formerly independent, it is now owned by the NatWest Group. The Royal Bank of Scotland incorporating Child & Co ...

. in London and Adam & Company in Edinburgh. Two other licensed banks within the NatWest Group –

NatWest Markets NatWest Markets is the investment banking arm of NatWest Group. It was created from the then RBS Group's corporate and institutional banking division in 2016, as part of a structural reform intended to comply with the requirements of the Finan ...

(created at the same time) and

Royal Bank of Scotland International The Royal Bank of Scotland International, trading under the NatWest, NatWest International (retail), RBS International (institutional), Coutts & Co., Coutts Crown Dependencies (wealth management) and Isle of Man Bank brands, is the offshore ban ...

(incorporating NatWest International, Coutts Crown Dependencies and

Isle of Man Bank The Isle of Man Bank is a bank in the British Crown dependency of the Isle of Man, providing retail, private and business banking services to the local population. Incorporated in 1865, it has operated as a trading name of RBS International si ...

) – sit outside the ring-fence. RBS International, NatWest Trustee and Depositary Services, RBS International Funds Services S.A. and Coutts & Co. (Cayman) are wholly owned subsidiaries of The Royal Bank of Scotland International (Holdings). On 19 February 2021, NatWest Group announced a phased withdrawal of all banking activity and associated services within the Republic of Ireland. On 3 May 2021, the business of Ulster Bank in Northern Ireland was transferred to its parent company, NatWest, as part of a court-approved Banking Business Transfer Scheme.Ulster Bank's Transfer Notification
Ulster Bank (retrieved 3 May 2021)

References

External links

NatWest Group
{{NatWest Group Banks of the United Kingdom NatWest Group Financial services companies based in the City of London Banks established in 2016 British companies established in 2016