NWB meaning in Banking ?

Answer: What is National Westminster Bank mean?

National Westminster Bank, commonly known as NatWest, is a major retail and commercial bank in the United Kingdom. It was established in 1968 by the merger of National Provincial Bank and Westminster Bank. In 2000, it became part of The Royal Bank of Scotland Group, which was re-named NatWest Group in 2020. Following ringfencing of the Group's core domestic business, the bank became a direct subsidiary of NatWest Holdings; NatWest Markets comprises the non-ringfenced investment banking arm. The British state currently owns around 54.7% of NatWest Group plc after spending 45 billion pounds ($61.87 billion) bailing out the lender in 2008.

NatWest is considered one of the Big Four clearing banks in the UK, and it has a large network of over 960 branches and 3,400 cash machines across Great Britain and offers 24-hour Actionline telephone and online banking services. Today, it has more than 7.5 million personal customers and 850,000 small business accounts. In Northern Ireland, it operates through its Ulster Bank brand. In 2017, NatWest was awarded Best Banking App in the British Bank Awards.

reference

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