Company Overview of National Westminster Bank plc
National Westminster Bank Plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, and large corporate and institutional customers in the United Kingdom, the United States, Europe, and internationally. It operates in UK Retail, UK Corporate, Wealth, International Banking, Ulster Bank, and Markets divisions. The UK Retail division offers a range of banking products and related financial services to the personal market through network of branches and ATMs in the United Kingdom, as well as telephony, online, and mobile channels. The UK Corporate division provides banking, finance, and risk management services to the corporate and SME sec...
London, EC2M 3UR
Founded in 1968
Key Executives for National Westminster Bank plc
Chief Executive Officer and Executive Director
Chief Financial Officer and Director
Chief Executive Officer of South Bristol
Unit Chief Executive Officer
Unit Chief Executive Officer
Compensation as of Fiscal Year 2014.
National Westminster Bank plc Key Developments
National Westminster Bank plc Reports Consolidated Earnings Results for the Year Ended December 31, 2014
Mar 26 15
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
Feb 19 15
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.
National Mulls Sale Of Branch
Feb 4 15
National Westminster Bank plc is seeking to sell branch in Rayleigh Road, Eastwood. A Natwest spokesman said: "When we close a branch, we are happy to discuss proposals with any organisations or community groups who may be interested in acquiring the premises. To support interested groups, we have asked an organisation called Locality to help."
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