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.


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NatWest paid the additional tax and sued for a refund; see National Westminster Bank PLC, 40 Fed.
See National Westminster Bank Plc, 82 Federal Reserve Bulletin 1044 (1996).
of Japan, has offered to buy the 1,700 branches of National Westminster Bank (NatWest), a major British bank, a British newspaper reported Tuesday.
The labor in making the product is probably more important than the cost of the raw material,'' said John Slater, an economist at National Westminster Bank Group.
National Westminster Bank Plc said on September 3 that it was in talks to acquire life assurance and pensions group Legal & General Group Plc.
IBM Corp's Tivoli Systems Inc unit has won the UK's National Westminster Bank as a customer for its systems management software, which it will use to manage up to 50,000 workstations.
SWEEPING changes paid dividends for the National Westminster Bank yesterday when they announced profits had soared from pounds 648million to pounds 967million.
Some journalists regard off the record' as an unnecessary encumbrance," says Edward Townsend, head of Group Media Relations for National Westminster Bank, London.
9m of debt originally owed by Katmandu to National Westminster Bank PLC secured on the long leasehold interest.
Replacement inter-|nally illuminated facia sign, internally illuminated projecting sign, ATM bezel and nameplate (Advertisement Consent), National Westminster Bank 12 Bradford Road, Brighouse.

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