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August 03, 2015 1:27 PM ET

Banks

Company Overview of National Westminster Bank plc

Company Overview

National Westminster Bank Plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, and large corporate and institutional customers. The company’s UK Personal & Business Banking segment offers a range of banking products and related financial services to the personal and small business markets through a network of branches and ATMs in the United Kingdom, as well as telephony, online, and mobile channels. Its Ulster Bank segment operates as a retail and commercial bank in Northern Ireland and the Republic of Ireland that provides loan and deposit products through a network of branches and direct channels, as well as services to business...

135 Bishopsgate

London,  EC2M 3UR

United Kingdom

Founded in 1968

24,600 Employees

Phone:

44 20 7085 5000

Key Executives for National Westminster Bank plc

Chief Executive Officer and Executive Director
Age: 58
Chief Financial Officer and Executive Director
Age: 48
Chief Executive Officer of South Bristol
Unit Chief Executive Officer
Unit Chief Executive Officer
Compensation as of Fiscal Year 2015.

National Westminster Bank plc Key Developments

National Westminster Bank plc Declares Specified Dividend on the Undernoted Series of Non-Cumulative Preference Shares for the Three Months to July 16, 2015, Payable on July 16, 2015

The Directors of National Westminster Bank plc declared the specified dividend on the undernoted Series of non-cumulative preference shares of USD 25.00 each for the three months to July 16, 2015. The dividend will be paid on July 16, 2015 at the undernoted rate to holders on the register at the close of business on June 5, 2015.

National Westminster Bank plc Reports Consolidated Earnings Results for the Year Ended December 31, 2014

National Westminster Bank plc reported consolidated earnings results for the year ended December 31, 2014. For the year, the company's net interest income was £4,577 million compared to £4,021 million in the same period last year. Total income was £7,277 million compared to £7,364 million in the same period last year. Profit before impairment losses was £1,328 million compared to loss before impairment losses of £1,398 million in the same period last year. Operating profit before tax was £2,577 million compared to operating loss before tax of £6,805 million a year ago. Profit attributable to ordinary shareholders was £1,733 million compared to loss attributable to ordinary shareholders of £5,963 million in the same period last year. Net cash used in operating activities was £16,078 million compared to £3,810 million in the same period last year. Net interest income was increased by £556 million, 14% principally due to improvements in deposit margins in Personal & Business Banking (PBB) and Commercial & Private Banking (CPB). The significant improvement in operating profit before tax reflects net impairment releases of £1,249 million compared with net losses of £5,407 million in 2013 and lower charges for litigation, conduct and redress costs, down £2,367 million to £1,043 million. This was partially offset by a decrease in non-interest income, reflecting lower income from trading activities.

National Westminster Bank plc Declares Dividends on Preference Shares, Payable on April 16, 2015

The Directors of National Westminster Bank plc have declared the specified dividend on the undernoted Series of non-cumulative preference shares of £1.00 each for the six months to 16 April 2015. The dividend will be paid on 16 April 2015 at the undernoted rate to holders on the register at the close of business on 6 March 2015. The Directors have declared the specified dividend on the undernoted Series of non-cumulative preference shares of $25.00 each for the three months to 16 April 2015. The dividend will be paid on 16 April 2015 at the undernoted rate to holders on the register at the close of business on 6 March 2015.

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