The total assets of the NatWest group decreased considerably over the years, plummeting from 2.4 trillion British pounds in 2007, to approximately 693 billion British pounds in 2023. Previously called the Royal bank of Scotland (RBS) group after one of its subsidiaries, the group was renamed NatWest in 2020, taking the brand under which the majority of its business was delivered.
History of RBS
Even after the rebranding, the Royal Bank of Scotland remains one of the major subsidiaries of the group. Founded in Edinburgh in 1727, the Royal bank of Scotland is an amalgamation of hundreds of past banks. As the second bank to be established in Scotland, it initially traded only within its home country up until 1783, opening its first branch in Glasgow in the same year. Banks are well known as acquirers, as they constantly look to strengthen their financial positioning and swallow those that could compete with. In 1864, RBS made its first acquisition, buying the Dundee Banking Co.
Europe’s leading banks
Compared to European banks in 2022, The Royal Bank of Scotland was fifteenth in terms of total assets, and fourteenth for tier one capital.
Total assets of NatWest group from 2007 to 2023
(in billion GBP)
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Royal Bank of Scotland. (February 16, 2024). Total assets of NatWest group from 2007 to 2023 (in billion GBP) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/225077/total-assets-of-the-royal-bank-of-scotland/
Royal Bank of Scotland. "Total assets of NatWest group from 2007 to 2023 (in billion GBP)." Chart. February 16, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/225077/total-assets-of-the-royal-bank-of-scotland/
Royal Bank of Scotland. (2024). Total assets of NatWest group from 2007 to 2023 (in billion GBP). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/225077/total-assets-of-the-royal-bank-of-scotland/
Royal Bank of Scotland. "Total Assets of Natwest Group from 2007 to 2023 (in Billion Gbp)." Statista, Statista Inc., 16 Feb 2024, https://www.statista.com/statistics/225077/total-assets-of-the-royal-bank-of-scotland/
Royal Bank of Scotland, Total assets of NatWest group from 2007 to 2023 (in billion GBP) Statista, https://www.statista.com/statistics/225077/total-assets-of-the-royal-bank-of-scotland/ (last visited November 22, 2024)
Total assets of NatWest group from 2007 to 2023 (in billion GBP) [Graph], Royal Bank of Scotland, February 16, 2024. [Online]. Available: https://www.statista.com/statistics/225077/total-assets-of-the-royal-bank-of-scotland/
