PROFILE |
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National Westminster Bank, a subsidiary of Royal Bank of Scotland (the #2 banking group in the UK behind HSBC), operates some 1,600 branches throughout the UK. Familiarly known as NatWest, the bank offers retail and mortgage banking services, as well as online banking and brokerage capabilities to individuals and small business customers. Other activities include insurance, asset management, lease financing, international banking, and private equity funding. NatWest was formed by the 1970 merger of District Bank (founded 1829), National Provincial Bank (1833), and Westminster Bank (1834). Royal Bank of Scotland acquired the firm in a £21 billion buyout in 2000.
COMPETITION |
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Barclays PLC (BCS)
HSBC Holdings plc (HBC)
Lloyds TSB Group plc (LLOY)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1998 Sales (mil.): 22,232.30
1-Yr. Sales Growth: 5.3%
Employees: 74,900
Revenue per employee: $296,826.44
KEY PEOPLE |
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Sir David Rowland
CEO
Richard Delbridge
CFO
CONTACT INFO |
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135 Bishopsgate
London EC2M 3UR, United Kingdom
Phone: 44-207-726-1000
Fax: 44-207-726-1894
Online: Web Site
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