NatWest Group - statistics & facts

NatWest Group is a British state-owned bank with headquarters in Edinburgh, Scotland. NatWest Group operated under the name the Royal Bank of Scotland (RBS) until 2020, but rebranded as most of their business was run under that name. It was also the bank’s business division with the highest customer trust of the two throughout the years. NatWest - or RBS as it was called then - was badly affected by the global recession in 2008, and their total assets declined overall since. However, the bank still holds its position as the 4th largest bank in the United Kingdom, after HSBC, Barclays, and Lloyds, and the 14th largest bank in Europe in terms of total assets.

Main activities of NatWest Group

NatWest Group provides several different services and consists of several brands: retail and commercial banking is provided under the brands NatWest, Royal Bank of Scotland, and Ulster Bank; private banking by the brands Coutts, Child & Co., and Drummonds; and investment banking by the brand NatWest Markets (just to name a few). Retail banking and commercial banking are the group’s largest segments, accounting for most of the group’s total income. Geographically, the group operates in other European countries, the United States, and in Asia Pacific. Most of NatWest Group’s revenue, however, is generated in the home country.

Main competitors

There are four major domestic banks in the United Kingdom in addition to NatWest - HSBC, Lloyds, Barclays and Standard Chartered -, of which HSBC is undeniably the largest. These banks are the largest when it comes to most financial measures, such as market capitalization, total assets, and revenues. However, while they also have some of the highest customer numbers, they are facing competition from the more newly founded digital banks like Starling and Monzo. These online challengers saw high ratios of customers gained in recent years, while the large and more traditional banks saw rather high ratios of lost customers.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, Feb 29, 2024

Key insights

Total assets of NatWest Group
720.05bn GBP
Non-statutory profit or loss of NatWest Group
5.46bn GBP
Total statutory income of NatWest Group
12.8bn GBP
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