National Westminster Bank

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National Westminster Bank


one of the largest British commercial banks. It was formed in London in July 1968 through a merger of the Westminster Bank and the National Provincial Bank, both of which belonged to the “Big Five” of British banking. Among the largest banks in the world and ranking seventh as of 1973 in total assets, the new bank began actual operations on Jan. 1, 1970.

The National Westminster Bank has an extensive network of 3,500 branches and seven regional offices. It has full ownership of a number of other banks and financial institutions, the largest of which is the Lombard North Central, with a total balance at the end of 1972 of about £400 million. The National Westminster Bank is also part owner of a number of banks and financial institutions. For example, it controls 50 percent of the Diners Club, 40 percent of the Yorkshire Bank, and 38 percent of Bankers’ Clearing House. Its foreign transactions are carried out through the International Westminster Bank, which has six branches in France, three in Belgium, and one in the Federal Republic of Germany.

The National Westminster Bank also participates in various international associations of private banks, including the Orion Bank, the Orion Termbank, and the Roy West Banking Corporation. Through a system of interlocking directors the National Westminster Bank is linked to large industrial concerns such as Imperial Chemical Industries, Vickers, the United Steel Company, and the British Match Corporation. At the end of 1973 the total assets of the bank, including subsidiary banks, equaled £11.927 billion. Attracted capital totaled £10.737 billion, loans £8.58 billion, and paid-up capital and reserves £910 million.


References in periodicals archive ?
Using Apple's new Touch ID fingerprint sensor, RBS and NatWest customers who have an iPhone 5S, iPhone 6 and iPhone 6 plus will be able to access their mobile banking app within seconds.
It comes just days after an unrelated IT systems glitch hit the Royal Bank of Scotland Group, which owns NatWest, and prevented many customers (http://www.
The aim of the four-year partnership is to increase the number of clubs in Wales who benefit from the initiative through both the NatWest RugbyForce Weekends and new NatWest RugbyForce Ahead For Business Workshops.
To further recognise how important communities and fans are to the success of the international game, NatWest has teamed up with the Daily Post to offer a pair of tickets to see Wales v Italy at the Millennium Stadium on Saturday, March 10.
NatWest - whose parent company RBS got a pounds 20billion government bailout last year - offered just pounds 50 compensation.
Enquiries to: Nigel Owen, Tel: +44-207-672-1932, NatWest Media Relations, Nigel.
The NatWest Offset Flexible Mortgage is a variable rate mortgage currently at a rate of 5.
NatWest argued that the treaty, as supported by its legislative history, required that the branch's books be used to determine the taxable profits attributable to the branch as if it were separate and distinct from its parent.
The NatWest USA deal exemplified both characteristics.
24) to retain its ownership interest in NatWest Group Holdings Corporation, New York, New York ("NatWest Holdings") and its subsidiaries, and thereby engage in the following activities:
The outlay was revealed yesterday as NatWest issued their final profit figures as an independent company.
The services include free Internet banking for NatWest's personal and small business customers, real-time Internet share-dealing for private investors, free Internet access with NatWest Online which features a special NatWest/Yahoo