Who Founded NatWest?

The Royal Bank of Scotland was chartered in Edinburgh in 1727 as a rival to the Bank of Scotland and in 1728 introduced the cash credit, an early form of overdraft. It grew through acquisitions, bought National Westminster Bank in 2000, and its parent company was renamed NatWest Group in 2020. RBS remains the group's retail brand in Scotland. (Exact birth year remains publicly undisclosed).

National Westminster Bank was created in 1968 by combining National Provincial Bank (founded 1833) and Westminster Bank (founded 1834 as London and Westminster Bank), with District Bank also folded in. It became one of the UK's big clearing banks and was acquired by the Royal Bank of Scotland in 2000. Its brand now gives the whole group its name. (Exact birth year remains publicly undisclosed).