NatWest is eyeing takeover targets as the lender prepares for a full return to private sector ownership, its chief executive said yesterday.
Expansion plans: NatWest is eyeing takeover targets as the lender prepares for a full return to private sector ownership, according to Paul Thwaite.
Zoe Gillespie, investment manager at RBC Brewin Dolphin, said that NatWest was in 'fine fettle' and that the return to full private ownership could mean 'new opportunities may open up'.
It is expecting to return to full private sector ownership in the first half of this year, for the first time since a £45.5billion bailout by taxpayers during the 2008 financial crisis.
He has led NatWest since July 2023 when Alison Rose quit after admitting she had been the source of a BBC story regarding the banking arrangements of Reform UK leader Nigel Farage at NatWest-owned private bank Coutts.
