Table of Contents
The taxpayer share of NatWest has fallen to less than 10 per cent as a full return to private sector ownership approaches.
It comes after boss Paul Thwaite recently said the lender is on track to offload its Treasury stake as soon as the first half of next year.
The Government bailed out the bank to the tune of £45bn to save it from collapse during the 2008 financial crisis and at one point owned up to 84 per cent.
It has been gradually reducing participation, but last year it still had 38 percent.
Moving on: The government bailed out NatWest to the tune of £45bn to save it from collapse during the 2008 financial crisis.
That figure has been reduced dramatically in the last 12 months, both through the sale of shares to investors in the market and through buybacks by the bank itself.
The latest reduction to 9.99 percent was the result of market selling. However, the Government remains the largest shareholder in NatWest. In the October Budget, Chancellor Rachel Reeves pledged to sell the rest of her stake by 2026.
A NatWest spokesperson said: “Returning the bank to wholly private ownership is in the interests of all our stakeholders.”
Shares fell 0.9 per cent to 405.5 pence.
DIY INVESTMENT PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-to-use portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free Fund Trading and Investment Ideas
interactive inverter
interactive inverter
Fixed fee investing from £4.99 per month
sax
sax
Get £200 back in trading fees
Trade 212
Trade 212
Free trading and no account commission
Affiliate links: If you purchase a This is Money product you may earn a commission. These offers are chosen by our editorial team as we think they are worth highlighting. This does not affect our editorial independence.