Mar 28, 2022

Taxpayer no longer majority Natwest shareholder

The group, formerly known as Royal Bank of Scotland, was rescued at the height of the 2008 financial crisis with a £45bn government bailout. Following the sale of a chunk of its shares, government ownership in NatWest is now at 48.1% - down from 50.6%.The sale was an "Important landmark" in its plan to return the bank to full private ownership, the Treasury said. "It's been a long road back from emergency purchase of the beleaguered Royal Bank of Scotland group, with a re-brand, and the step by step repurchase of the government holdings," she added. The initial investment, which resulted in the government owning 57% of the bank, was extended a couple of times before peaking at 84% in 2009.Since 2015, the Treasury has been selling off its stake and the process of selling off NatWest shares is likely to continue for some time to come. NatWest Group's main banking brands are NatWest, Royal Bank of Scotland and Coutts.

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