
Investments
62Portfolio Exits
17Funds
3Partners & Customers
10About NatWest
NatWest (LSE: NWG) is a large international banking and financial services company based in Edinburgh, Scotland. The group operates a wide variety of banking brands offering personal and business banking, private banking, insurance, and corporate finance through its offices located in Europe, North America, and Asia. In the UK and Ireland, its main subsidiary companies are The Royal Bank of Scotland, NatWest, Ulster Bank, and Coutts.
NatWest Headquarter Location
36 St Andrew Square
Edinburgh, Scotland, EH2 2YB,
United Kingdom
+44 (0) 131 556 8555
NatWest Web Traffic
NatWest Rank
Research containing NatWest
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CB Insights Intelligence Analysts have mentioned NatWest in 1 CB Insights research brief, most recently on Aug 21, 2019.
Latest NatWest News
May 16, 2022
36 minutes ago 0 Four banks in the NatWest stable - National Westminster Bank, Royal Bank of Scotland, Ulster Bank and Coutts & Company - have been hit with a £1.82 million fine for overcharging interchange fees on credit cards. The Payment Systems Regulator (PSR) opened an investigation into the banks four years ago after the issue was picked up during routine monitoring. It found that the banks incorrectly treated a number of cards as being ‘commercial’ cards when they should have been treated as ‘consumer’ cards. This meant that fees charged by these banks weren’t capped and were set at too high a level. As a result, both acquirers and, ultimately, merchants were overcharged. The PSR found that the banks wrongly profited from almost £1.2m in excess interchange fees between March 2016-18. Chris Hemsley, managing director of the PSR, comments: “The interchange fee caps were put in place to reduce the cost of accepting customer card payments for shops and other merchants’ businesses. The banks broke the rules by failing to bring themselves in line with the caps. "Not only have the banks reimbursed the fees to acquirers which they were not entitled to collect, but we have also fined them for their failings." Related Companies
NatWest Investments
62 Investments
NatWest has made 62 investments. Their latest investment was in Great Places Housing Group as part of their Debt on April 4, 2022.
NatWest Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
4/28/2022 | Debt | Great Places Housing Group | $125M | Yes | 1 | |
3/15/2022 | Debt | Four Anjels | $1.8M | Yes | 1 | |
3/6/2022 | Debt | Castore | $26.22M | Yes | 2 | |
2/8/2022 | Debt | |||||
10/28/2021 | Debt |
Date | 4/28/2022 | 3/15/2022 | 3/6/2022 | 2/8/2022 | 10/28/2021 |
---|---|---|---|---|---|
Round | Debt | Debt | Debt | Debt | Debt |
Company | Great Places Housing Group | Four Anjels | Castore | ||
Amount | $125M | $1.8M | $26.22M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 1 | 2 |
NatWest Portfolio Exits
17 Portfolio Exits
NatWest has 17 portfolio exits. Their latest portfolio exit was Avant Homes on April 20, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
4/20/2021 | Acquired | 3 | |||
9/16/2020 | IPO | 1 | |||
10/14/2019 | Acq - Fin | 1 | |||
Date | 4/20/2021 | 9/16/2020 | 10/14/2019 | ||
---|---|---|---|---|---|
Exit | Acquired | IPO | Acq - Fin | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 3 | 1 | 1 |
NatWest Acquisitions
6 Acquisitions
NatWest acquired 6 companies. Their latest acquisition was Mountain Warehouse on November 04, 2013.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
11/4/2013 | Private Equity | Management Buyout | 1 | |||
5/11/2009 | ||||||
9/7/2004 | Debt | |||||
8/3/2004 | ||||||
11/19/2003 |
Date | 11/4/2013 | 5/11/2009 | 9/7/2004 | 8/3/2004 | 11/19/2003 |
---|---|---|---|---|---|
Investment Stage | Private Equity | Debt | |||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Management Buyout | ||||
Sources | 1 |
NatWest Fund History
3 Fund Histories
NatWest has 3 funds, including The Female Entrepreneurship Funding.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
1/28/2020 | The Female Entrepreneurship Funding | 1 | |||
2/21/2017 | RBS Fintech Fund | ||||
7/18/2016 | RBS SME Fund |
Closing Date | 1/28/2020 | 2/21/2017 | 7/18/2016 |
---|---|---|---|
Fund | The Female Entrepreneurship Funding | RBS Fintech Fund | RBS SME Fund |
Fund Type | |||
Status | |||
Amount | |||
Sources | 1 |
NatWest Partners & Customers
10 Partners and customers
NatWest has 10 strategic partners and customers. NatWest recently partnered with university of edinburgh business school on April 4, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
4/10/2022 | Partner | NatWest launches £1.5m climate training programme for 16,000 staff This partnership builds on previous collaborations between the University of Edinburgh Business School and NatWest Group , and will also see the rollout of sector-specific climate training programmes across commercial real estate , retail and leisure and manufacturing , the bank explained . | 1 | ||
4/5/2022 | Vendor | United States | 1 | ||
3/21/2022 | Partner | Denmark | East Midlands SME owners still have no idea about their carbon emissions, says NatWest survey `` The launch of the SME pilot programme marks an important extension of our already successful partnership with NatWest Group , with our carbon tracking now available to 8 million of its customers . '' | 1 | |
2/14/2022 | Partner | ||||
2/1/2022 | Partner |
Date | 4/10/2022 | 4/5/2022 | 3/21/2022 | 2/14/2022 | 2/1/2022 |
---|---|---|---|---|---|
Type | Partner | Vendor | Partner | Partner | Partner |
Business Partner | |||||
Country | United States | Denmark | |||
News Snippet | NatWest launches £1.5m climate training programme for 16,000 staff This partnership builds on previous collaborations between the University of Edinburgh Business School and NatWest Group , and will also see the rollout of sector-specific climate training programmes across commercial real estate , retail and leisure and manufacturing , the bank explained . | East Midlands SME owners still have no idea about their carbon emissions, says NatWest survey `` The launch of the SME pilot programme marks an important extension of our already successful partnership with NatWest Group , with our carbon tracking now available to 8 million of its customers . '' | |||
Sources | 1 | 1 | 1 |
NatWest Team
11 Team Members
NatWest has 11 team members, including current Chief Information Officer, Ian Povey.
Name | Work History | Title | Status |
---|---|---|---|
Ian Povey | Chief Information Officer | Current | |
Jared Harsha | Provident Bank | Senior Vice President | Current |
Juan Carlos Garcia Centeno | Banco Santander, Accenture, UBS, and Ascom | Chief Executive Officer | Former |
Rob Barnett | Chief Operating Officer | Former | |
Bruce Hrovat | Bank of America, and Tenneco | Chief Operating Officer, Executive Vice President | Former |
Name | Ian Povey | Jared Harsha | Juan Carlos Garcia Centeno | Rob Barnett | Bruce Hrovat |
---|---|---|---|---|---|
Work History | Provident Bank | Banco Santander, Accenture, UBS, and Ascom | Bank of America, and Tenneco | ||
Title | Chief Information Officer | Senior Vice President | Chief Executive Officer | Chief Operating Officer | Chief Operating Officer, Executive Vice President |
Status | Current | Current | Former | Former | Former |
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