The Royal Bank of Scotland International Limited, trading under the NatWest International (retail), RBS International (institutional), Coutts Crown Dependencies (wealth management) and

Isle of Man Bank The Isle of Man Bank is a bank in the British Crown dependency of the Isle of Man, providing retail, private and business banking services to the local population. Incorporated in 1865, it has operated as a trading name of RBS International sin ...

brands, is the offshore banking arm of

NatWest Group NatWest Group plc is a British banking and insurance holding company, based in Edinburgh, Scotland. The group operates a wide variety of banking brands offering personal and business banking, private banking, investment banking, insurance and ...

. It provides a range of services to personal, business, commercial, corporate and financial intermediary customers from its base in

St. Helier St Helier (; Jèrriais: ; ) is the capital of Jersey, the largest of the Channel Islands in the English Channel. It is the most populous of the twelve parishes of Jersey, with a population of 35,822, over one-third of the island's total popul ...

, Jersey.

History

Royal Bank of Scotland

The

Royal Bank of Scotland The Royal Bank of Scotland Public Limited Company () is a major retail banking, retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest and Ulster Bank. The Royal Bank of Sco ...

first began offering services to customers in offshore jurisdictions through Williams Deacon Bank, its London and Manchester-based subsidiary, in 1963. RBS International was founded as Williams Deacons Investment and Finance Limited in 1966, becoming

Williams & Glyn's Bank Williams & Glyn's Bank Limited was established in London in 1970, when the Royal Bank of Scotland merged its two subsidiaries in England and Wales, Williams Deacon's Bank Ltd. and Glyn, Mills & Co. In 1985, Williams & Glyn's was fully absorbed ...

Investments (Jersey) Limited in 1970, Williams & Glyn's Bank (Jersey) Limited in 1982 and The Royal Bank of Scotland (Jersey) Limited in 1985, before adopting the present name in 2003. The Royal Bank of Scotland International was first registered as a trading name in 1995 and The Royal Bank of Scotland International (Holdings) Limited was formed in 1996. The undertaking of The Royal Bank of Scotland (Gibraltar) Limited, which carried on business in Gibraltar under the NatWest and RBS International brands, was transferred to RBS International in 2009.

National Westminster Bank

NatWest Offshore Limited was an

Isle of Man The Isle of Man ( , also ), or Mann ( ), is a self-governing British Crown Dependency in the Irish Sea, between Great Britain and Ireland. As head of state, Charles III holds the title Lord of Mann and is represented by a Lieutenant Govern ...

-incorporated bank formed in 1997, with branches in Jersey,

Guernsey Guernsey ( ; Guernésiais: ''Guernési''; ) is the second-largest island in the Channel Islands, located west of the Cotentin Peninsula, Normandy. It is the largest island in the Bailiwick of Guernsey, which includes five other inhabited isl ...

and

Gibraltar Gibraltar ( , ) is a British Overseas Territories, British Overseas Territory and British overseas cities, city located at the southern tip of the Iberian Peninsula, on the Bay of Gibraltar, near the exit of the Mediterranean Sea into the A ...

. The business was transferred to RBS International through private members' legislation passed in each of the four jurisdictions in 2001, with RBS retaining

NatWest National Westminster Bank, trading as NatWest, is a major Retail banking, retail and commercial bank in the United Kingdom based in London, England. It was established in 1968 by the Corporate merger, merger of National Provincial Bank and We ...

as a trading name as well as continuing its existing business. National Westminster International Holdings BV is the holding company for National Westminster Services (Ireland) Limited (

Dublin Dublin is the capital and largest city of Republic of Ireland, Ireland. Situated on Dublin Bay at the mouth of the River Liffey, it is in the Provinces of Ireland, province of Leinster, and is bordered on the south by the Dublin Mountains, pa ...

), RBS Deutschland Holdings GmbH (

Frankfurt Frankfurt am Main () is the most populous city in the States of Germany, German state of Hesse. Its 773,068 inhabitants as of 2022 make it the List of cities in Germany by population, fifth-most populous city in Germany. Located in the forela ...

) and RBS Netherlands Holdings BV (

Houten Houten () is a municipality in the Netherlands, in the province of Utrecht. Population centres The municipality consists of the following towns: * 't Goy * Houten * Schalkwijk * Tull en 't Waal Houten (town) The main town in the municipality i ...

Isle of Man Bank

In 2019, the High Court of Justice of the

granted approval for the transfer of the business of Isle of Man Bank Limited (a wholly owned subsidiary of NatWest) to the Isle of Man branch of RBS International, trading as

Operations

Headquartered in Jersey, RBS International has a presence in Gibraltar, Guernsey, the Isle of Man, Luxembourg and the United Kingdom. The bank is regulated by the Jersey Financial Services Commission; the Gibraltar branch is regulated and authorised by the Financial Services Commission, Gibraltar to undertake banking and investment business; the Guernsey branch is regulated by the Guernsey Financial Services Commission and licensed under the Banking Supervision (Bailiwick of Guernsey) Law, 1994, as amended, the Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002, and the Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended; and the Isle of Man branch is licensed by the Isle of Man Financial Services Authority in respect of deposit taking, investment business and registered as a general insurance intermediary.

Structure

Financial services are provided through local and institutional banking customer segments. Local banking provides loan and deposit products and services to personal, private, business and commercial customers. Institutional banking provides services to European fund asset managers, fund administrators and corporate service providers. In 2022, NatWest Group announced the creation of Commercial and Institutional, which brought together the Commercial, NatWest Markets and RBS International customer businesses as a new operating segment.

Services

In 2012, it was announced that all personal banking customers would be migrated to the NatWest brand, while business, commercial and corporate banking customers would remain under the RBS International brand. The NatWest trading name was changed to NatWest International in 2017, due to new ring-fencing legislation in the UK.Change of trading name for Natwest
Bailiwick Express, 21 June 2017

References

External links

*
NatWest InternationalCoutts Crown Dependencies
{{DEFAULTSORT:Royal Bank of Scotland International, The NatWest Group Companies of Jersey Banks established in 1996 1996 establishments in Jersey