National Westminster Bank of Canada

Subsidiary of National Westminster Bank (1982–98)

National Westminster Bank
Banque National WestminsterCompany type| Subsidiary undertaking

|

Industry| Financial services
Founded| 1982; 43 years ago (1982)
Defunct| 1998; 27 years ago (1998)
Successor| Hongkong Bank of Canada
Headquarters|

Toronto, Ontario

Canada

Parent| National Westminster Bank Plc

National Westminster Bank of Canada (French: Banque National Westminster du Canada), commonly known as NatWest Canada, was a wholly owned subsidiary of National Westminster Bank, a global integrated financial service group based in the United Kingdom, which operated from 1982 to 1998.

## History

[edit]

The Canadian operation provided domestic and international banking services through its branches in Montreal, Toronto, Calgary and Vancouver. It was chartered in 1982 and acquired by Hongkong Bank of Canada, a subsidiary of HSBC Holdings, pursuant to statutory amalgamation agreements in 1998.[1] At the time, net assets were CAN$107m.[2] The following year, HBC became HSBC Bank Canada, consistent with their strategy of creating a global brand.

### Earlier operations

[edit]

Lombank Canada Limited was formed as a subsidiary of London-based Lombard Banking Limited in 1955. Lombard Banking was acquired by National Westminster Bank in 1970 and merged with North Central Finance in 1971, to form Lombard North Central. In 1975, Lombank Canada became Lombard NatWest Canada Ltd. and the following year the share capital passed from Lombard North Central to National Westminster Bank and it was renamed NatWest Canada Limited. NatWest Canada carried on business in the corporate sector until 1982, dealing largely with multinational and large Canadian companies.[3]

## See also

[edit]

* Banks portal

* International Westminster Bank
* National Westminster Bank USA

## References

[edit]

1. ^ Hong Kong Bank takes over rival CBC News, 2 February 1998
2. ^ Report and Accounts (p. 8), National Westminster Bank Plc, 1997
3. ^ Report and Accounts (p. 40), National Westminster Bank Limited, 1975

* v
* t
* e

Banks and credit unions in Canada

Banks

| Big Five|

* Bank of Montreal
* Canadian Imperial Bank of Commerce
* Simplii Financial
* Royal Bank of Canada (HSBC Bank Canada)
* Scotiabank
* Tangerine
* Toronto-Dominion Bank (TD Canada Trust)

|

Other banks|

* Alterna Bank
* AMEX Bank of Canada
* Bank of China (Canada)
* Canadian Tire Bank
* Canadian Western Bank
* Motive Financial
* Citibank Canada
* Equitable Bank
* Exchange Bank of Canada
* First Nations Bank of Canada
* ICICI Bank Canada
* Laurentian Bank of Canada
* Manulife Bank of Canada
* Motusbank
* National Bank of Canada
* Peoples Bank of Canada
* President's Choice Bank
* Vancity Community Investment Bank
* VersaBank
* Wealth One Bank of Canada

Credit unions

| Federal credit unions|

* Coast Capital Savings
* Innovation
* UNI Financial Cooperation

|

Provincial credit unions|

| British Columbia|

* BlueShore Financial
* First West
* Envision Financial
* Island Savings
* Valley First
* Gulf & Fraser
* Prospera
* Vancity

|

Prairies|

* Access
* Affinity
* Assiniboine
* Cambrian
* Conexus
* ConnectFirst
* Servus
* Steinbach

Eastern Canada|

* Alterna Savings
* Pace
* Desjardins Group
* Desjardins Ontario
* DUCA
* Libro
* Meridian

Other financial institutions

| Federal financial institutions|

* Business Development Bank of Canada
* Canada Mortgage and Housing Corporation
* Farm Credit Canada

|

Provincial financial institutions|

* ATB Financial

Deposit insurance & regulation|

* Canada Deposit Insurance Corporation
* Financial Services Regulatory Authority of Ontario
* Office of the Superintendent of Financial Institutions

* v
* t
* e

NatWest Group

Retail banking|

* NatWest Holdings
* National Westminster Bank
* Royal Bank of Scotland
* Ulster Bank
* Holt's Military Banking
* RBS International
* Isle of Man Bank

Private banking|

* Coutts & Co.
* Messrs. Drummond

Investment banking|

* NatWest Markets

Asset finance|

* Lombard North Central

Former businesses|

| NatWest|

* Banco NatWest España
* Bó
* Deutsche Westminster Bank
* District Bank
* Fuller, Banbury, Nix & Co
* Grindlays Bank
* International Westminster Bank
* Lloyds & National Provincial Foreign Bank
* Lombard Bank
* National Provincial Bank
* National Westminster Bank of Canada
* National Westminster Bank USA
* NatWest Equity Partners
* Parr's Bank
* Smith's Bank
* Westminster Bank
* Worldpay

|

RBS|

| Private banks|

* Adam and Company
* Child & Co.

|

Retail banks|

* Citizens Financial Group
* National Commercial Bank of Scotland
* Commercial Bank of Scotland
* National Bank of Scotland
* Tesco Personal Finance
* The One account
* Williams & Glyn's Bank
* Glyn, Mills & Co.
* A Ruffer & Sons
* Williams Deacon's Bank

Other|

* Angel Trains
* Direct Line Group
* Direct Line
* Churchill Insurance
* Green Flag
* Privilege
* Jamjarcars

Board of directors|

* Richard Haythornthwaite (Chairman)
* Paul Thwaite (Chief Executive)

Trade union|

* NatWest Staff Association

* Annual group revenue: £14.7 billion GBP (2023)
* Employees: 61,500
* Stock symbol: LSE: NWG
* Website: www.natwestgroup.com

Authority control databases |

* VIAF

|

*[v]: View this template
*[t]: Discuss this template
*[e]: Edit this template