National Westminster Bank Plc Results for the half year ended 30 June 2011.

Nat West made an operating loss before tax of £2,209 million compared with a loss before tax of £1,221 million in the first half of 2010. This primarily reflects an increase in impairment losses and a provision in relation to Payment Protection Insurance (PPI). Operating loss is stated after charging loan impairment losses of £3,019 million (first half 2010 - £2,454 million; full year 2010 - £5,139 million).

National Westminster Bank History

National Westminster Bank can trace its history back to 1650. The actual name National Westminster Bank (nowadays referred to as Nat West) came about through the mergers of two banks in 1968. These two were the Westminster Bank and National Provincial Bank. In 1999 Nat West announced that it was merging with Legal and General but then The Royal Bank of Scotland launched a hostile take over and eventually succeeded in acquiring National Westminster Bank for 21 billion pounds in the UK's largest takeover in history at the time. The combined banks at the time became the 2nd largest in Europe.   The RBS Group is headquartered in Edinburgh, the Group operates in the United Kingdom, Europe, the Americas and Asia, serving more than 40 million customers. The Group provides a wide range of products and services to personal, commercial and large corporate and institutional customers through its two principal subsidiaries, (The Royal Bank of Scotland and NatWest), as well as through a number of other well known brands including, Citizens, Ulster Bank, Coutts, Direct Line and Churchill.

National Westminster Bank Products

Nat West offers Personal Banking, Private Banking, Business Banking and Commercial Banking. For personal banking customers National Westminster bank offers a range of current accounts, credit cards, mortgages, insurance products, savings and investment products and loans. They have nearly 1650 branches or you can use the National Westminster Bank online banking service.