Home Business NewsBusinessBanking News Government’s stake in NatWest drops to below 30%

Government’s stake in NatWest drops to below 30%

25th Mar 24 12:54 pm

In 2008 NatWest was nationalised due to the financial crisis and the government has now reduced their stake in the bank to below 30%.

On Monday the stock exchange gave an announcement that the Treasury’s stake now stands at 29.82%.

NatWest owns Coutts and the Royal Bank of Scotland (RBS), the government’s stake is now valued at £7 billion.

NatWest said: “We welcome the Government’s continued commitment to returning NatWest Group to private ownership.

“With the Government shareholding now below 30%, we have been pleased with the recent momentum to achieving this shared ambition, which we believe is in the best interests of the bank and our shareholders.”

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